ALGERIA: Eni Signs a New Contract on Blocks 404-208
Eni signed today with SONATRACH, Oxy and TotalEnergies a new PSC for blocks 404 and 208 in Algeria. These blocks are located onshore in the prolific Berkine basin, in Eastern … Read More
Tag: Algeria
ALGERIA: PTTEP Commences First Oil Production from Hassi Bir Rekaiz Project
PTT Exploration and Production Public Company Limited (PTTEP) announces that the Algeria Hassi Bir Rekaiz Project, in partnership with SONATRACH SPA, has successfully commenced the production with the oil production … Read More
ALGERIA: Wintershall Dea expands interest in the Reggane Nord gas project
Wintershall Dea continues to strengthen its presence in Algeria. As of 4 May, the company has entered into a sale and purchase agreement to acquire Edison’s 11.25% participating interest in … Read More
ALGERIA: Eni and Sonatrach agree to increase gas supplies through Transmed
In the presence of the Algerian President Abdelmadjid Tebboune and the Italian Prime Minister Mario Draghi, the President of Sonatrach, Toufik Hakkar, and the CEO of Eni, Claudio Descalzi signed … Read More
ALGERIA: Eni, Sonatrach Make Discovery in Zemlet el Arbi Concession in the Berkine North Basin
Eni and Sonatrach have announced a significant oil and associated gas discovery in the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert. The concession … Read More
Could Restructuring African NOCs via Partial Privatization be a Game Changer in the African Oil and Gas Industry?
The prevailing system in African NOCs means a growing social and financial burden to oil producing countries that translates into low wages, poor quality goods and services By Leoncio Amada … Read More
Europe Can Look To Africa As Preferred Gas Supplier
With recent sanctions on Russia by western nations threatening the critical supply of Russian gas to European markets, an opportunity has emerged for African gas producers to step up, enhancing … Read More
SONATRACH to Invest $40B during the period 2022-2026
SONATRACH CEO Toufik Hakkar has said that the Group was planning to invest nearly $ 40 billion during the period 2022-2026. During an interview with the Algerian international channel “AL24”, … Read More
ALGERIA: Eni, Sonatrach to Relaunch Production in the Berkine Basin
The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the Minister of Energy and Mines Mohamed Arkab and … Read More
Africa to Continue Exploiting Hydrocarbon Resources While Exploring the Use of Renewable Energies – APPO
The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’ huge oil and … Read More