Oil and gas

September 22, 2014

1

Algeria’s plans for Shale Gas Development Bring Risks, but few Long-Term Benefits

Algeria’s state oil and gas company, Sonatrach, announced this summer that it plans to exploit the country’s shale gas reserves by 2020, taking advantage of what BP estimates to be the world’s third-largest reserves of shale gas. The plans currently estimate that the first stage of the extraction will produce enough gas to equal 40% of the country’s present production, a significant increase in supply if the estimates hold true. This project could not come at a better time for the country’s moribund"...

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September 18, 2014

2

Plummeting oil prices not a matter of particular concern, says Yousfi

Minister of Energy Youcef Yousfi said Tuesday that oil prices, which have been sharply falling since June, "are not a matter of special concern" to producing countries.


According to the minister, current prices fluctuation is due to the movement in exchange rate and usual stock exchange transactions.


"...

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September 17, 2014

3

Clarke Energy has won its 1st contract in Algeria

Liverpool-based Clarke Energy has won its first contract in Algeria. The company is to install a captive power plant at Plast Paper’s industrial plastic goods manufacturing facility in Oran.

The power plant will give the factory a more reliable electricity supply and prevent grid disturbances from affecting production. Algeria has large gas reserves and historically used large gas turbines for generating power — or diesel-fuelled generators in more remote locations.
(machinery-market)

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September 15, 2014

4

The future of shale gas in Algeria

Last July, Algeria's state energy company, Sonatrach, announced that it intended to begin exploitation of the large shale gas fields in Algeria by 2020, with an estimated production capacity of 30 billion cubic meters in the first stage, or 40% of Algeria’s current production capacity (73.4 billion cubic meters in 2012). The announcement came a few months after the council of ministers"...

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September 15, 2014

5

In Amenas inquest: Algeria siege deaths hearing to begin

An inquest into the deaths of six Britons and a UK-based Colombian killed during a militant attack on a gas plant in Algeria is set to begin in London.


In January 2013, a group linked to al-Qaeda stormed the In Amenas facility.


Algerian forces laid siege, and by the time they regained control, 40 workers and at least 29 militants were dead.


The inquest's coroner"......

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September 14, 2014

6

Grandweld Success Story with Cotemar S.A. DE C.V. Mexico

Grandweld Shipyards has completed the delivery of the four units 42 meter Aluminum Crew Boats to Cotemar S.A. DE C.V. Mexico; the contract was signed in June 2013.

The 42M Aluminium Crew Boats are fitted with EPA Tier 3 compliant main engines and advanced navigation equipment. Designed to meet the client’s specific needs, the vessels can exceed a speed of 26 knots and benefit from luxury seating, VIP accommodation, a larger deck space and enhanced"...

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September 9, 2014

7

Statoil Starts Normal Operations at In Amenas Gas Facility in Algeria

Statoil has started operations at In Amenas gas production facility in Algeria.


“The corporate executive committee has decided that ordinary rotation is to be resumed at the plant as all defined security measures have been implemented,” the Norwegian firm said in a statement last week.


Statoil, in June, approved the return of temporary manning to the plant to finalise the implementation"......

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September 1, 2014

8

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

9

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

10

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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