Oil and gas

March 4, 2015

1

5th Exhibition of oil services providers opens in Algiers

The Fifth International Exhibition of oil and gas services and products providers opened Tuesday in Algiers with the participation of some 500 exhibitors, including 240 foreigners from twenty countries.

Held for the first time in the capital city, this professional event which continues until Friday was marked by an increase in the number of participants compared to the previous edition held in Hassi Messaoud. 400 local and foreign exhibitors partake in this event.


"...

Continue Reading >

March 4, 2015

2

Charles Rivkin: “The US is ready to help Algeria in shale gas exploitation, if need be”

US Assistant Secretary of State for Economic and Business Affairs, Charles Rivkin, has underlined during a visit to Algiers the willingness of the US to back up Algeria in its ongoing economic diversification process.


Mr Charles Rivkin, leading with the US Secretary of State assistant for Near Eastern Affairs Anne Patterson, a delegation of thirty American"...

Continue Reading >

March 1, 2015

3

Sonatrach to spend $90bn on exploration

Algeria's state-owned Sonatrach plans to invest $90.6 billion in oil exploration over the next five years, a report quoting its CEO said.

About eight per cent of the spending will be used for fuel transport, Said Sahnoun said in the report.

The company will intensify exploration activities to cover an area of 26,000 sq km annually, with an average of 125 wells every year till 2019, Sahnoun told the Algerian Radio.

Meanwhile, Sonatrach has discovered three new oil wells "of good quality" in 2015, with potential production of 3,000 to 4,000 barrels daily, he said.
(tradearabia)
...

Continue Reading >

February 28, 2015

4

Kenya Turns To Algeria For Oil And Gas Expertise

Kenya this week opened an embassy in Algeria and appointed Moi Lemoshira as the Ambassador Extra-Ordinary and Plenipotentiary of the Republic of Kenya to Algeria. This was swiftly followed by an official three-day visit to Algeria by President Uhuru Kenyatta during which cooperation pacts were signed. Onlookers were puzzled. What possibly could we want from Algeria? It helps to understand that Algeria is the largest producer of natural gas in Africa, the second largest supplier of gas to Europe, the third largest producer of oil in Africa and so on. More telling is that unlike many African countries,...

Continue Reading >

February 26, 2015

5

EU to step up gas supplies from Caspian, Algeria over Russian supply fears

The European Union has decided to turn to alternative gas suppliers such as Azerbaijan, Turkmenistan, Algeria and Turkey following recent “political challenges” including the Ukraine crisis and the cancellation of the Russia-led South Stream gas pipeline.


On Wednesday, the European Commission published"...

Continue Reading >

February 26, 2015

6

Algeria expects OPEC decision on falling oil prices

Algeria expects a joint decision to be made by OPEC members regarding the oil price crisis, Anadolu Agency reported a senior official as saying.


According to Anadolu, Algerian Energy Minister Yousef Al-Yousefi was interviewed on government radio and said: “The discussions conducted with a number of OPEC members sought urgent solutions for the declining oil prices,"...

Continue Reading >

February 26, 2015

7

Sonatrach : Three oil fields discovered since early 2015

Three oil fields were discovered by the national hydrocarbon group Sonatrach since the beginning of 2015, said Wednesday in Oran Chief Executive Officer of the oil company Said Sahnoun.


“Sonatrach discovered for the year 2015, on its own account, three oil fields of extremely important quality,” Sahnoun told APS on the sidelines of the festivities commemorating"...

Continue Reading >

February 26, 2015

8

Kenya, Algeria Sign Cooperation Pact On Oil, Gas

Kenya has signed a Memorandum of Understanding (MoU) with Algeria to promote bilateral cooperation in the field of oil, gas and power.


The agreement signed by Foreign Affairs and International Trade CS Amina Mohamed and Ramtane Lamamra seeks to improve and stimulate economic and industrial development in both countries in the field of oil, gas and power.


"...

Continue Reading >

February 26, 2015

9

Shale Gas Project Encounters Determined Foes Deep in Algerian Sahara

Deep in the Algerian Sahara, daily protests against a pilot hydraulic fracturing, or fracking, project are now well into their second month. The demonstrations have spread to several towns and have provided opposition parties with a new platform at an especially precarious moment for the government, as oil prices have slumped and the declining"...

Continue Reading >

February 25, 2015

10

There's no exploitation of shale gas, says Sellal

Prime Minister Abdelmalek Sellal reaffirmed Tuesday in Oran (432-km west of Algiers) that there is no exploitation of shale gas but only studies underway.


"The issue of shale gas has been widely debated at the level of the government and the Parliament and we have set strict conditions for the exploitation of this energy," said Sellal during a rally held at 24-February"...

Continue Reading >