Oil and gas

November 25, 2015


GECF: Tehran summit stresses need for coordination between member countries

The Gas Exporting Countries Forum (GECF) stressed Monday the need for cooperation and coordination between member countries through the exchange of information relating to the gas industry.

According to the final communiqué of the GECF summit, which ended Monday in Tehran (Iran), the Heads of State and Government attending the high-level meeting highlighted the"...

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November 24, 2015


Gas Exporting Countries Forum summit opens in Tehran

The Heads of State and Government of the GECF Member Countries are holding their third summit on Monday in Tehran, in a bid to assess the current situation of the international gas market and its development prospects.

Placed under the main theme of "gas, as a clean fuel," this summit is attended by Prime Minister Abdelmalek Sellal who represents President of the Republic"...

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November 24, 2015


Sellal urges oil major players to agree on production level

Prime Minister Abdelmalek Sellal on Monday in Tehran, urged the major players in the oil market to agree on production levels which can allow recovery of crude prices.

"The major players in the oil market should certainly reach agreement on production levels so sustainably recover oil," said Sellal in his speech at the 3rd summit of the Gas Exporting Countries Forum"...

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November 24, 2015


Oil output levels: Algeria urges market players to reach deal

Algerian Prime Minister Abdelmalek Sellal urged leading oil market players to reach agreement on levels of production for the sake of price stability in a speech at the Gas Exporting Countries Forum (GECF) Summit in Tehran.

“The main players in the petroleum market must certainly reach an agreement about the levels of production,” said Sellal.

“If the petroelum market is not controlled, it will witness strong volatility for prices,” he added, warning that this would negatively affect the “interests of producers and consumers and the whole petroleum industry.”


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November 23, 2015


Saipem drags Sonatrach to International courts to gain 1.900 billion ZDZ

It was made sure and official that the Italian company SAIPEM already moved to the counter-attack in its dealings with the national company after the resounding corruption scandal in which officials from both companies are involved, as the Italian company resorted to international arbitration for the fourth time out of seven projects that it obtained originally through crooked ways and is concerned directly with the judicial investigations in Algeria and Italy, as SAIPEM won these projects in the era of Chakib Khelil when he was Energy Minister


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November 23, 2015


Sellal arrives in Tehran to partake in 3rd GECF summit

Prime Minister Abdelmalek Sellal arrived Sunday in Tehran to represent President of the Republic Abdelaziz Bouteflika at the 3rd summit of the Gas Exporting Countries Forum (GECF) to take place Monday in Tehran.

The meeting will focus on assessment of the current situation of the international gas market and development perspectives of the sector, under the theme "Gas"...

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November 22, 2015


Third GECF Gas Summit in Teheran Monday

The third Gas Exporting Countries Forum (GECF) will be held in the Iranian capital Teheran on Monday and will be devoted to the assessment of the current situation on the world gas market as well as to the development prospects of the field.

The meeting, which will bring together heads of state and government of GECF member states, including Algeria, is expected to"...

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November 22, 2015


Algeria Reviews Oil Market with OPEC Members in Tehran Gas Summit

Algerian Minister of Energy and Mines Salah Khebri said he has negotiated with his counterpart from the OPEC member states the latest crude oil developments on the sidelines of the ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran on Saturday.

Speaking to the oil ministry's website after taking part in the Extraordinary Ministerial Meeting of GECF, he said he took the opportunity of the gas event to discuss oil market with the ministers whose countries are members of both GECF and OPEC and are"...

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November 21, 2015


Petroleum, gas show in Hassi Messaoud: Over 7,000 visitors, many partnership agreements

The fifth International Oil & Gas Products and Services Suppliers Trade Show, which wrapped up Thursday in Hassi-Messaoud, Ouargla (800-km Southeast of Algiers), drew more than 7,000 visitors and saw the conclusion of several partnership agreements, organizers said.

The manager of the organizing company, Petroleum Industry Communication, at an assessment meeting,"...

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November 18, 2015


Schlumberger-Cameron Merger Receives Unconditional Clearance from U.S. Department of Justice

Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that the U.S. Department of Justice has cleared their proposed merger without any conditions, granting early termination of the waiting period required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to the proposed merger.

The closing of the"...

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