September 22, 2014
Algeria’s state oil and gas company, Sonatrach, announced this summer that it plans to exploit the country’s shale gas reserves by 2020, taking advantage of what BP estimates to be the world’s third-largest reserves of shale gas. The plans currently estimate that the first stage of the extraction will produce enough gas to equal 40% of the country’s present production, a significant increase in supply if the estimates hold true. This project could not come at a better time for the country’s moribund"...Continue Reading >
September 18, 2014
Minister of Energy Youcef Yousfi said Tuesday that oil prices, which have been sharply falling since June, "are not a matter of special concern" to producing countries.
According to the minister, current prices fluctuation is due to the movement in exchange rate and usual stock exchange transactions.
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September 17, 2014
Liverpool-based Clarke Energy has won its first contract in Algeria. The company is to install a captive power plant at Plast Paper’s industrial plastic goods manufacturing facility in Oran.
The power plant will give the factory a more reliable electricity supply and prevent grid disturbances from affecting production. Algeria has large gas reserves and historically used large gas turbines for generating power — or diesel-fuelled generators in more remote locations.
September 15, 2014
Last July, Algeria's state energy company, Sonatrach, announced that it intended to begin exploitation of the large shale gas fields in Algeria by 2020, with an estimated production capacity of 30 billion cubic meters in the first stage, or 40% of Algeria’s current production capacity (73.4 billion cubic meters in 2012). The announcement came a few months after the council of ministers"...Continue Reading >
September 15, 2014
An inquest into the deaths of six Britons and a UK-based Colombian killed during a militant attack on a gas plant in Algeria is set to begin in London.
In January 2013, a group linked to al-Qaeda stormed the In Amenas facility.
Algerian forces laid siege, and by the time they regained control, 40 workers and at least 29 militants were dead.
The inquest's coroner"......Continue Reading >
September 14, 2014
Grandweld Shipyards has completed the delivery of the four units 42 meter Aluminum Crew Boats to Cotemar S.A. DE C.V. Mexico; the contract was signed in June 2013.
The 42M Aluminium Crew Boats are fitted with EPA Tier 3 compliant main engines and advanced navigation equipment. Designed to meet the client’s specific needs, the vessels can exceed a speed of 26 knots and benefit from luxury seating, VIP accommodation, a larger deck space and enhanced"...Continue Reading >
September 9, 2014
“The corporate executive committee has decided that ordinary rotation is to be resumed at the plant as all defined security measures have been implemented,” the Norwegian firm said in a statement last week.
Statoil, in June, approved the return of temporary manning to the plant to finalise the implementation"......Continue Reading >
September 1, 2014
Thirteen finds were made during the six first months of 2014, seven of which are relating to oil and six to gas, in the basins of Berkine, Illizi, and Oued Mya, around the fields of Hassi Messaoud, as well as in the basin of Gourara, in the country's southwest, Sonatrach said in a statement.
"As part of the same exploration programme, Sonatrach made five other oil and"...Continue Reading >
September 1, 2014
Normal operations are resuming at the In Amenas gas plant in Algeria, 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday.
Statoil had kept its permanent workers away from the plant, which it operates jointly with BP and Algeria's Sonatrach, since gunmen raided the site"...Continue Reading >
August 30, 2014
Venezuela's state-run oil company PDVSA is considering importing Algerian light crude to be used as a diluent for its own extra heavy oil, according to an internal company document seen by Reuters on Wednesday, and the move could mark the first ever crude import by the OPEC member.
Though Venezuela has the world's largest crude reserves, PDVSA has been buying an increasing"...Continue Reading >
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