Oil and gas

April 17, 2014


Economist says Algeria will need its shale gas

Algeria will be forced to exploit its shale gas in the next 10 years, not only to meet the rising annual local demand for energy, but also to cover the total public expenditure and the cost of social transfers and to guarantee the continuation of subsidies on basic commodities, which represent 30% of the total budget.


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April 16, 2014


Newmont Publishes 2013 Sustainability Report

Newmont Mining Corporation (NYSE: NEM) today published its 2013 sustainability report, Beyond the Mine. The report reflects Newmont’s reporting obligations as a founding member of the International Council of Mining and Metals (ICMM) as well as its commitments under the Voluntary Principles on Security and Human Rights (VPSHR), the United Nations Global Compact and the Global Sullivan Principles. Finally, the report complies with the Global Reporting Initiative’s (GRI) international standard for sustainability reporting.


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April 16, 2014


ADM Announces Significant Actions in Ongoing Portfolio Management

Archer Daniels Midland Company (NYSE: ADM) today announced three significant actions in the company’s ongoing portfolio management: an agreement to sell the company’s South American fertilizer business, pursuit of the sale of the company’s chocolate business, and the acquisition of the remaining stake of Alfred C. Toepfer International GmbH.

“We are"...

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April 15, 2014


Construction Begins on Central Project in Wafra Oil Field

Saudi Arabian Chevron Inc. announced today that an integral project entered the construction phase, as leaders from Wafra Joint Operations, the Kuwait Gulf Oil Company, Saudi Arabian Chevron and key business partners supporting the project gathered for a ceremonial groundbreaking on the Main Gathering Center (MGC) Revamp Project.

“This investment is a commitment to"...

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April 15, 2014


Algeria, partners agree on extra safety for In Amenas gas plant

The partners of Algeria's In Amenas gas plant have agreed on the extra safety needed for the return of foreign staff after last year's deadly assault by Islamic militants, a top executive at co-owner Statoil said.

Attackers, operating from Libya, raided the site deep in the Sahara desert, taking foreign workers hostage in a four-day siege that"...

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April 15, 2014


Sonatrach to fund two cancer hospital projects in Hassi Messaoud, Algiers

State-owned oil group Sonatrach will finance the building of two specialized cancer hospitals in Hassi Messaoud, province of Ouargla (800-km southeast of Algiers) and in Algiers, a source from the ministry of Health told APS Sunday.

Sonatrach's decision to finance cancer hospital projects "is part of its citizenship actions, as the group has always provided support to the"...

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April 13, 2014


Energy based Algeria will need to diversify to survive

The winner of energy-rich Algeria’s presidential election must tackle a major problem facing the country—its dependence on hydrocarbon revenues, which are used by the government to defuse social tensions and which are in decline.

Sporadic protests over poor living conditions came to a head in early 2011, as the popular uprising in neighbouring Tunisia toppled a decades old-dictatorship.


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April 12, 2014


Spain for enhanced cooperation in energy with Algeria

Spain wants to strengthen its cooperation with Algeria in the field of energy particularly in natural gas, said Friday in Algiers Spanish Foreign Affairs Minister José Manuel Garcia-Margallo y Marfil.

“There is an issue that I would like to deepen on the occasion of my visit. It is that of energy. The crisis between Russia and Ukraine unveiled Europe’s over dependency on Russia’s gas,” he told the press upon his arrival in Houari Boumediene International Airport as part of a two-day official visit to Algeria."......

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April 10, 2014


The U.S.-Algerian security pact is about energy, not al-Qaeda

Last week, the United States and Algeria opened up strategic talks on regional security during U.S. Secretary of State John Kerry’s first visit to the north African country. Leaders of the two nations pledged to continue working together to combat Islamist terrorism within Algeria and across"...

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April 9, 2014


U.S. Firms Form Consortium to Service Burgeoning Iraq Oil & Gas Market

North America Western Asia Holdings (NAWAH), U.S. Steel Tubular Products, a subsidiary of United States Steel Corporation, and MRC Global Inc. have announced an alliance to bring critical oil well equipment into the natural resources-rich region of southern Iraq. The consortium will serve an international lineup of leading oil and gas companies charged with developing Iraq’s giant oil and gas fields.


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