Post Tagged with: "algeria"
Energy transition risks political strife in oil-producing states: report
LONDON – The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday. “Algeria, Iraq and Nigeria will be among the first casualties …
OPEC reaches consensus to extend oil cuts by three months, Algeria says
DUBAI/LONDON/MOSCOW – OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, …
OPEC’s Algeria backs, Russia ponders extended oil output cuts
LONDON – OPEC member Algeria on Tuesday came out in support of deferring a planned increase in OPEC+ oil output from January, a day after Russia’s energy minister raised the possibility with the country’s oil companies.
Algeria, which holds …
Algeria’s Political Turmoil Casts Doubt on Oil and Gas Deals
From The Wall Street Journal
A contentious political transition in Algeria is creating uncertainty around a number of foreign investment deals in Africa’s largest natural gas-producing country.
In recent weeks, Exxon Mobil Corp. has held off on signing a preliminary …
OPEC’s Fragile Five Can Easily Become a Shaky Six
From Bloomberg
We may have to add Algeria to the growing list of OPEC countries whose oil production is suffering involuntary declines, expanding the so-called “Fragile Five” to a “Shaky Six” if protests in the North African country start to …
Wars, Coups and Protests Don’t Stop Gas Flowing to Europe
From Bloomberg
Arab Spring-style protests have rocked Europe’s third-biggest natural gas supplier. Thousands of young Algerians have taken to the streets, fed up with an octogenarian president who’s been in power for 20 years and a weak economy that doesn’t …
Algeria to Spend $64 Billion Upstream to Reverse Production Declines in the next Three Years
70% of Algeria’s investment program over the next three years targeted at upstream activities
Algeria’s national oil and gas company, Sonatrach, plans to spend $64 billion, or 70% of its total investment program from 2015 to 2018, in upstream activities …
OPEC Update: Libya in Turmoil, Algeria Calls for Production Cuts
Algeria cuts spending to offset falling oil prices
Algeria’s oil minister, Youcef Yousfi, on Sunday called on OPEC to cut production in order to raise oil prices and defend smaller producers in the cartel. The country is struggling to deal …
Algeria’s Government Ready to Invest $102 Billion on Shale Development
Algeria’s government owned energy company, Sonatrach, has announced plans to start producing gas from six new gas fields, with initial plans to drill four shale gas wells in 2014 in the basins of Ahnet (south of In Salah) and Illizi, …
