EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria
BP (BP.L) and Eni (ENI.MI) are in talks over the future of their oil and gas assets in Algeria as the two groups increase efforts to refocus their businesses to Continue Reading
Algerian energy minister urges OPEC+ caution as virus mutation clouds outlook: report
The OPEC+ alliance should remain cautious at its upcoming meeting Jan. 4 because a new strain of the coronavirus that causes COVID-19, B117, is likely to weigh on global oil Continue Reading
Algeria’s 2020 hydrocarbons production to shrink 8% year-on-year: energy minister
Algeria’s oil and gas production in 2020 will total 143 million tons of oil equivalent, a decline of 8% from 2019, due the pandemic and slow economic growth, energy minister Continue Reading
OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic (PV) projects to produce renewable electricity for export and for meeting increasing domestic power demand. The Continue Reading
Oil Price Crash Forces Algeria To Cut State Budget By 50%
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria – Continue Reading
Algeria bans street marches, ending a year of mass protest
Algeria has banned street protests over the coronavirus, President Abdelmadjid Tebboune said on Tuesday, bringing to an end a year of unprecedented mass demonstrations that brought down the veteran president Continue Reading
Algerian protest movement faces new threat: coronavirus
Algerians are watching to see whether a global epidemic will do what the ruling authorities they describe as le pouvoir – the powers that be – have failed to achieve, Continue Reading
Algeria appoints new government amid worst political crisis in decades
Algeria has appointed a new government, state television said on Thursday, as the country faces its biggest political crisis in decades and a raft of economic problems caused by falling Continue Reading
This OPEC Member Is Desperate For More Foreign Investment
Algeria is amending its energy law in a bid to attract foreign investment into its oil and gas industry, months after international majors suspended talks about new projects amid mass Continue Reading
Algeria protest: Thousands flood capital to demand ‘new revolution’
Authorities in Algiers shut its metro and all trains to the capital in an effort to keep protesters away, but many arrived by coach Tens of thousands of demonstrators have Continue Reading
Algeria to seek ‘good compromise’ over Total’s Anadarko deal: minister
Algeria’s energy minister said on Monday he would seek a “good compromise” when asked about his earlier comments that Algiers would block a plan by France’s Total to buy Anadarko’s Continue Reading
Algeria to block Total from buying Anadarko’s Algerian assets: minister
Algeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on the sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Continue Reading
New CEO of Algeria’s Sonatrach pledges to boost output, exports
Algerian state energy firm Sonatrach will focus on increasing production and export volumes to help develop the OPEC member country’s oil and gas-reliant economy, its newly-appointed head Rachid Hachichi said Continue Reading
Hundreds of thousands of Algerians protest army and ruling elite
Hundreds of thousands of Algerians took to the streets Friday in one of the largest demonstrations the country has seen since its president resigned last week, demanding that the interim Continue Reading
Algeria’s Oil Future Looks Grim
The future of Algeria’s oil industry was called into question earlier this week as its political crisis took hold, and now its future is even more suspect, as its state-run Continue Reading
Big Oil Faces Multibillion Dollar Fallout From Algeria Crisis
The oil patch is reeling from a political crisis in Algeria that first saw Exxon halt its prospective shale ambitions in the country, and has now spread to major trading Continue Reading
What’s Next For Algeria As Bouteflika Steps Down
What does the resignation on April 2, 2019, of Algerian Pres. Abdelaziz Bouteflika mean for the future of his country and the region, and why was the Algerian military so Continue Reading
Algerian president resigns: official news agency
Algeria exports to Spain, Italy down from earlier in year Oil-indexed gas contracts out of the money Washington — Receive daily email alerts, subscriber notes & personalize your experience. Register Continue Reading
Algeria’s Ruler, Abdelaziz Bouteflika, Agrees to Step Down
Algeria’s ailing president, Abdelaziz Bouteflika, agreed Monday to step down by the end of the month, yielding to weeks of mass demonstrations demanding his ouster. In a short statement carried Continue Reading
This Is the Algerian End Game That Has Oil Investors Worried
Protests that erupted six weeks ago in Algeria have now transformed into a million-strong force against aging Algerian strongman President Abdelaziz Bouteflika, with Exxon having already called the political unrest Continue Reading
Algeria: Hundreds of thousands march for President Bouteflika’s removal
Protesters are demanding the resignation of President Bouteflika Hundreds of thousands of people have taken to the streets in Algeria to demand the resignation of President Abdelaziz Bouteflika. Estimates say Continue Reading
A “Perfect Coup’’ Is Unfolding In Algeria
The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible Continue Reading
Algeria’s oil, gas production unaffected by unrest: IEA
Algeria’s oil and gas production appears to be unaffected so far by the political unrest gripping the country, an International Energy Agency (IEA) official said on Tuesday. A major oil Continue Reading
Algerian Oil Output Unchanged Amid Unrest
The unrelenting unrest in Algeria in the form of mass protests seeking to force President Abdelaziz Bouteflika out of office has investors worried; but so far, there are no signs Continue Reading
Exxon Shale Deal With Algeria Falls Victim To Protests
Exxon’s negotiations with Algeria for the development of local shale gas resources are being delayed because of the widespread anti-government protests in the North American country, Reuters reported this week, Continue Reading
After Libya And Venezuela, Is This The Next OPEC Wildcard?
Anti-government protests in Algeria were probably supposed to end after long-term president Abdelaziz Bouteflika dropped his plan to run for a fifth term in office this year. They didn’t. In Continue Reading
France’s Total agrees TFT satellite natural gas field deal with Algeria’s Sonatrach
Highlights First gas from TFT Sud expected in late 2021 Production to reach 3 million cu m/d by 2023 Part of 2017 Total, Sonatrach partnership deal Algiers — France’s Total Continue Reading
Why Algeria’s Oil Sector Isn’t Booming
Algeria has survived the decade of political turmoil, with Arab Spring revolutions subverting authoritarian leaders across the Maghreb, largely unscathed. Popular unrest was swiftly quelled by government handouts and thereafter Continue Reading
Total extends gas agreement in Algeria
Total has extended a partnership in an Algerian natural gas field for the next 25 years. File Photo by Steve Oehlenschlager/Shutterstock June 11 (UPI) — French energy company Total said Continue Reading
Algeria Looks To Boost Budget Expenditure Amid Higher Oil Prices
Algeria plans to raise its budget expenditure by 6 percent this year to capitalize on the higher oil prices ahead of presidential elections next year, but economists warn that boosting Continue Reading
Algeria gets gas and renewable energy support
Italian energy company Eni said Tuesday it signed a series of agreements with a state-run company in Algeria that could lead to greater gas production. Eni CEO Claudio Descalzi met Continue Reading
Four oil majors interested in Algeria offshore drilling: state agency
Oil majors Anadarko, Total, ENI and Statoil have expressed interest in helping Algeria start offshore drilling, according to state news agency APS which quoted the CEO of the North African Continue Reading
Algeria To Lure Oil Companies With Tax Incentives
Algeria is mulling over luring in international oil companies with tax incentives in a new energy law aimed at stimulating the North African country’s oil and gas industry. The government Continue Reading
Exclusive: Vitol to get up to 2 million barrels of crude a month from Algeria
Vitol will get 1.5 to 2 million barrels of crude per month from Algeria’s state oil firm Sonatrach and deliver fuel to the country in exchange, in a rare such Continue Reading
Algeria’s shale gas plans will take time, require tough reforms
Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports, but developing the industry will take time and Continue Reading
New gas production starts in Algeria
Spanish energy company Repsol said it started production from a complex of Algerian gas fields, finishing off one of its most significant African developments. Repsol CEO Josu Jon Imaz joined Continue Reading
Algeria Invests $2 Billion Into Hassi Rmel Gas Field
Algeria’s state energy firm Sonatrach on Monday started $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country’s biggest gas field. “The Continue Reading
KBR to work at gas sites in Algeria hit by terror attacks in recent years
Engineering company KBR said Monday it would support construction activity for gas operations in Algeria at two sites hit in terrorist attacks in recent years. KBR, which has headquarters in Continue Reading
Algeria seen as African leader for renewable energy
General Electric highlights Algeria’s renewable energy potential during low-carbon conference for African economies. File photo by Stephen Shaver/UPI July 10 (UPI) — Algeria is ahead of the curve when it Continue Reading
OPEC Insiders Reel After Key Minister Is Fired During Their Meeting
Algerian oil minister learns of dismissal from news report Boutarfa was architect of OPEC, non-OPEC production cut deal As OPEC ministers gathered in Vienna Thursday to agree a nine-month extension Continue Reading
Algeria’s Sonatrach to Invest $50 Billion, Boost Crude Output
Algeria’s state-run energy producer plans to boost crude oil output by 14 percent in the four years to 2019 and invest billions of dollars in exploration projects. Sonatrach Group expects Continue Reading
Can Natural Gas Rescue Algeria’s Ailing Economy?
Algeria is paving the way for a stronger natural gas export profile in Europe, building off of preexisting relationships with Spain, Italy and Portugal, Forbes reported earlier this year. But Continue Reading
Algeria’s Sonatrach to Boost Output 20% With New Projects
Algeria’s state energy producer Sonatrach Group plans to increase output of natural gas and crude oil by 20 percent in the next four years as new projects start up, Salah Continue Reading
Algeria’s Dwindling Petrodollars Drive Key OPEC Deal Broker
Africa’s biggest sovereign wealth fund slumps after oil crash Oil minister Boutarfa shuttles between capitals to find deal Algerian Energy Minister Noureddine Boutarfa’s shuttle diplomacy between Tehran, Moscow and Vienna Continue Reading
Why Algeria Will Be A Key Part Of Any OPEC Deal
Barkindo Rouhani At the 23rd World Energy Congress in Istanbul last week, talks regarding the OPEC crude oil production freeze took a surprising turn. Energy Minister Noureddine Boutarfa from Algeria Continue Reading
Statoil, BP Remain Committed to Algeria Despite Violence
With strengthened safety measures in place, Statoil and BP pledge their commitment to Algeria despite militant attacks on their facilities in the North African nation. Statoil ASA and BP plc Continue Reading
Are Low Oil Prices A Bigger Threat Than Terrorism For Algeria?
In November 2013, the United States Library of Congress released a report describing Algeria’s macroeconomic position as “strong” during a month when Brent oil prices cruised at $108.08 per barrel—more Continue Reading
Algeria’s energy outlook for 2016: Do security risks trump investment opportunities?
Algeria’s state-owned hydrocarbon firm has endured recent policy adjustments that now provide foreign investors with new opportunities. But increasing energy insecurity threatens to nullify the potential for gain. In the Continue Reading
Oil revenues down, Algeria woos energy investors
After a deep slide in oil prices, Algeria’s Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil and gas fields in a bid Continue Reading
Algeria: Following Attack, Oil Companies Pull Back
Two foreign oil companies pledged to reduce or pull out staff completely at two Algerian natural gas plants following a March 18 attack by militants on the Ain Amenas natural Continue Reading