Oil and gas

August 20, 2014


UPDATE 1-Algeria's Q1 oil, gas exports down 9 pct -central bank

Algeria's oil and natural gas exports fell 9 percent in the first quarter from a year earlier, reducing its energy earnings by 12 percent, the central bank said on Tuesday.

OPEC member Algeria, a major gas supplier to Europe, relies heavily on energy exports to finance state development and social programmes.

The country's oil and gas production"......

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August 12, 2014


Clarke Energy signs Algerian deal

Liverpool-based Clarke Energy has signed its first deal in Algeria.

The business is to install a captive power plant at PlastPaper's industrial plastic goods manufacturing facility in Oran.

The power plant will ensure the factory has a more reliable supply of electricity and prevent grid disturbances from affecting production.


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August 12, 2014


OneSubsea, Helix and Schlumberger to Form Subsea Well Intervention Alliance

OneSubsea™, a Cameron (NYSE: CAM) and Schlumberger (NYSE: SLB) company, Helix Energy Solutions Group, Inc. (NYSE: HLX) and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems.

Helix is a leading subsea well intervention"...

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August 12, 2014


Schlumberger Russia Update

Based on a high demand for additional information regarding its business in Russia, Schlumberger Limited (NYSE:SLB) provided the following third-quarter update today:

In the past week, both the United States and the European Union (EU) have announced economic sanctions and restrictions relating to Russia that is affecting its energy, defense and banking sectors. Schlumberger continues to monitor these events closely to ensure that our activities and"...

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August 9, 2014


Sellal, Moniz discuss cooperation between US oil companies and Sonatrach

Prime Minister Abdelmalek Sellal met Wednesday in Washington with US Secretary of Energy, Ernest Moniz at the end of his visit to the United States where he attended the first US.-Africa Leaders Summit.

The discussions between Sellal and Moniz, attended by Minister of Industry and Mines Abdessalam Bouchouareb and Minister of Energy Youcef Yousfi, as well as Ambassador"...

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August 9, 2014


Algeria ready to satisfy Egypt’s gas needs, says Sellal

Algeria said it is ready to satisfy Egypt’s gas needs and raise visa duration for its businesmen to a year or two. It also opened the door to Egyptian operartors to achieve housing programs and create an Algerian-Egyptian Business Council, according to Prime Minister Abdelmalek Sellal.

« Algeria has a sincere wish to cooperate with Egypt and it is ready"...

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August 9, 2014


Clarke Energy signs deal in Algeria

Clarke Energy, a leading supplier of specialist power generation equipment, has secured its first power plant sale in Algeria. The firm has its UK headquarters at Knowsley on Merseyside.

Algeria has enormous gas reserves and has historically utilised large gas turbines for generating power or diesel fuelled generators in more remote locations.


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July 31, 2014


Golden Pass Products Awards FEED Contract to Chiyoda and CB&I

Golden Pass Products, LLC has awarded a front-end engineering and design (FEED) services contract for its proposed natural gas liquefaction and export project in Sabine Pass, Texas to Chiyoda Corporation. Also participating in the development of the FEED services will be Chiyoda’s partner CB&I.

During the FEED stage of the project, Golden Pass and its contractors"...

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July 30, 2014


Algeria's gas role questioned

Algeria's role as a key supplier of natural gas to Europe should be reviewed given production declines, the European Council on Foreign Relations said Tuesday.

The European Union spends an average $1 billion per day on energy imports. More than 60 percent of the region's gas supplies come from foreign suppliers, notably Russia, Norway and Algeria respectively.

A policy"...

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July 27, 2014


Algerian energy company Sonatrach replaces CEO

Algeria’s state energy company Sonatrach has replaced its chief Abdelhamid Zerguine with vice president for production Said Sahnoun, a senior Sonatrach source said.

The source gave no details, but Sonatrach is under pressure to increase stagnating energy output in the North African OPEC oil producer, which is also a major supplier of gas to European markets.

Zerguine, a former Sonatrach vice president for pipelines and head of a Sonatrach unit in Switzerland, was appointed chief of the company in November 2011.

Later this year, Algeria will hold a new energy bidding...

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