Oil and gas

July 23, 2015

1

Two decrees on exploitation of hydrocarbons adopted

Two presidential decrees relating to the contracts for the exploration and exploitation of hydrocarbons were adopted by the Council of ministers which held , Wednesday in Algiers, a meeting under the chairmanship of President of the Republic Abdelaziz Bouteflika.


The first text concerns the approval of twenty (20) contracts for the exploration and exploitation of hydrocarbons"...

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July 22, 2015

2

Algeria posts trade deficit in Q1 due to oil price slump

OPEC member Algeria posted a trade deficit of $7.78 billion for the first half of 2015, reversing a $3.2 billion surplus a year earlier, due to lower earnings as oil prices slumped, official data showed on Tuesday.


That meant revenue from Algeria's exports could cover only 71 percent of the cost of its imports, compared to covering 111 percent of import costs in the first six months of 2014.


"......

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July 15, 2015

3

Katalyst Continues Worldwide Growth by Acquiring SpectrumData’s Seismic Data Management Division in Asia-Pacific

Katalyst Data Management announced today that it has acquired the Perth-based oil and gas data management division of SpectrumData Pty Ltd. SpectrumData is a leading provider of data management, tape transcription and scanning services to the geoscience data industry in the Asia-Pacific region. The acquisition expands Katalyst’s ability to meet the demands of their global customer base and will include new offices in Perth, Australia, Wellington, New Zealand and its operations in New Delhi, India. Katalyst currently"...

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