Oil and gas

September 1, 2014

1

Sonatrach makes 18 hydrocarbon finds over first eight months in 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"...

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September 1, 2014

2

UPDATE 1-Normal operations at In Amenas gas plant resuming-Statoil

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"...

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August 30, 2014

3

Venezuela mulls importing Algerian crude

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"...

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August 30, 2014

4

Algeria plans investment to reduce reliance on oil and gas

The Algerian government plans to spend $262 billion over the next five years in a bid to revive the country’s flailing economy and move away from its traditional focus of oil and gas.


According to a report from Reuters, the Algerian government said projects to be included in the 2015-2019 plan – designed to “develop a productive and diversified economy”"...

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August 26, 2014

5

Algeria’s Oil Bids Delayed

Algeria has delayed the deadline for its next oil-licence bids by about four weeks, people familiar with the matter said, as companies complain about investment conditions despite recent oil-sector reform.


The date set for the submissions to the tender for oil and gas blocks has been reset to September 30 from September 4 previously, people familiar with the matter said.

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August 26, 2014

6

Pacific International Drilling West Africa Limited Announces Firm Contract Extension for Pacific Bora

Pacific International Drilling West Africa Limited (PIDWAL) announced today that Star Deep Water Petroleum Limited, an affiliate of Chevron, has signed a firm contract extension for the Pacific Bora. As previously announced in our recent Fleet Status reports, the contract extension increases the drillship’s backlog by approximately $439 million, bringing the company’s total contract backlog as of Aug. 22, 2014, to $3.0 billion.


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August 25, 2014

7

Algiers to host 9th North Africa Oil and Gas Summit in December

The ninth North Africa Oil and Gas Summit will took place in Algiers from 7 to 9 December, announced Sunday the organizers.


The Summit, which be held for the first time in Algeria, aims at bringing together the key actors in oil and gas industry in North Africa," said the national hydrocarbon group SONATRACH, the co-organizer of the international meeting.


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August 20, 2014

8

UPDATE 1-Algeria's Q1 oil, gas exports down 9 pct -central bank

Algeria's oil and natural gas exports fell 9 percent in the first quarter from a year earlier, reducing its energy earnings by 12 percent, the central bank said on Tuesday.


OPEC member Algeria, a major gas supplier to Europe, relies heavily on energy exports to finance state development and social programmes.


The country's oil and gas production"......

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August 12, 2014

9

Clarke Energy signs Algerian deal

Liverpool-based Clarke Energy has signed its first deal in Algeria.


The business is to install a captive power plant at PlastPaper's industrial plastic goods manufacturing facility in Oran.


The power plant will ensure the factory has a more reliable supply of electricity and prevent grid disturbances from affecting production.


Algeria"......

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August 12, 2014

10

OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance

OneSubsea™, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, Helix Energy Solutions Group, Inc. (NYSE: HLX) and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.


Helix is a leading subsea well intervention"...

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