Post Tagged with: "algeria"

Algeria’s Political Turmoil Casts Doubt on Oil and Gas Deals

Algeria’s Political Turmoil Casts Doubt on Oil and Gas Deals

From The Wall Street Journal

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 …

March 18, 2019 - 12:43 pm Closing Bell Story‎, Crude Oil News, Energy News
OPEC’s Fragile Five Can Easily Become a Shaky Six

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 …

March 13, 2019 - 4:43 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
DCIM100MEDIADJI_0108.JPG

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 …

March 4, 2019 - 12:45 pm Closing Bell Story‎, Energy News, Natural Gas News
Algeria to Spend $64 Billion Upstream to Reverse Production Declines in the next Three Years

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

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 …

December 29, 2014 - 4:32 pm Oil and Gas 360 Articles, OPEC
Algeria’s Government Ready to Invest $102 Billion on Shale Development

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, …

July 11, 2014 - 4:12 pm International, Oil and Gas 360 Articles