Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
Algeria
VNG inks Germany’s first deal with Algeria for pipeline gas
The Leipzig-based company, controlled by EnBW Baden-Wuerttemberg AG, is the first German gas trader to reach such an agreement with the North African country, said the people who asked not to be named as the business is private.
Saipem cleared in Algeria, faces Brazilian suspension
Saipem said there had been “alleged irregularities in the award”. The CGU amended its previous ban, from December 2022, with this new order of a two-year suspension.
Wintershall Dea takes Ghasha charge
Smith declined to comment on recent speculation that Wintershall was considering a sale of its stake in Ghasha.
Tanker reroutes from Egypt amid Israeli gas squeeze
Ajayi noted Egypt relied on gas imports from Israel for domestic demand. “As such the North African nation will have less gas available for LNG exports due to the shutdown of the EMG pipeline.”
Total, Sonatrach pledge $739mn investment in output boost
The first was on increasing production at Tin Fouyé Tabankort (TFT). The two companies agreed to convert the TFT II and TFT Sud contracts to the new hydrocarbon law, which Algeria passed in December 2019.
Pertamina, Gazprom commit big bucks to Algerian investments
The PSC was signed under the 2019 hydrocarbons law. Sonatrach has signed three other such deals, S&P Global has said, with Eni, Sinopec and a consortium of Occidental, Eni and TotalEnergies.
Petrofac confirms signing of $1.5bn EPC Algeria petrochemicals deal
Petrofac (LON: PFC) has confirmed the signing of a $1.5bn deal for a petrochemical complex in Algeria.
Petrofac JV wins $1.5bn contract for Algeria petrochemical plant
A Petrofac (LON: PFC) joint venture with China has won a $1.5bn contract for a petrochemicals plant in Algeria.
Skikda expansion on course for Hakkar visit
Sonatrach described the expansion project as one of its pivotal projects, which would help the company expand internationally.
Sonelgaz seeks EPC contractors for solar PV tender
“Our country has, in addition to the advantages in the energy sources from gas and oil, significant potential in the field of solar energy, a vast electricity network, and national and international natural gas transport infrastructure, as well as an industrial fabric”, he said.
Reports: Chevron eyes Algerian shale entry
The company has also hired consultants to assess Algeria’s shale and non-shale gas resources and consider its contractual terms.
Italy wheels out top politicians for North African energy push
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
10 years on from the In Amenas attack
Arkab, in a speech, said the country was indebted to those foreign and Algerian workers who had died in the attack.
Eni, Snam complete Algeria pipeline carve up
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
Honeywell settles Brazil, Algeria bribe cases for $159mn
"For years, Honeywell neglected to implement sufficient internal accounting controls to mitigate against known corruption risks in countries like Brazil and Algeria," said Charles Cain, Chief of the SEC Enforcement Division’s FCPA Unit.
Medgaz launches more compression, considers hydrogen in 2023
Medgaz wil carry out a study in 2023 on the possibility of blending hydrogen and gas in the pipeline, which runs from Algeria to Spain.
Eni, Sonatrach ramp up solar efforts in Berkine Basin
Eni and Sonatrach have ceremonially laid the first stone for a 10 MW solar photovoltaic (PV) plant at Bir Rebaa North (BRN), in southeast Algeria.
Sinopec looks for more from Sonatrach, amid production push
Sonatrach has signed a new memorandum of understanding (MoU) with Sinopec, with the aim of expanding the two companies’ co-operation.
Eni starts up fast-track Berkine fields with Sonatrach
Eni has started production at two gas fields in its Berkine Sud contract in Algeria.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
Eni strikes deal to buy BP’s Algeria business
Eni (MIL:ENI) has agreed a deal to buy BP’s (LON:BP) local business in Algeria for an undisclosed price.
Sonatrach scores with Sbaa find
Sonatrach has made an oil discovery in the Sbaa region, its first in the area for 28 years.
Political will and Europe’s energy security challenge
European energy security faces a seemingly impossible task of meeting short-term demand with longer-term decarbonisation. Society does not have the luxury of declaring this to be impossible, though, so must take steps now to meet the challenges.
Petrofac consortium wins EPC contract for work in Algeria
Petrofac (LON: PFC) has provisionally been awarded a contract for work on a major gas field onshore Algeria.