Oil And Gas | Algeria Business Info

oil and gas
Exxon's talks to tap Algeria shale gas falter due to unrest -sources- March 21, 2019 ALGIERS/LONDON (Reuters) - Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests. Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern"... Continue Reading > ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai March 20, 2019 (AETOS Wire)-- ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts. “We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding countries,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “The devastation has been widespread, and this funding will help provide relief during a difficult time. Our thoughts are with everyone affected.” ExxonMobil employees and contractors have been reported safe following the cyclone....... Continue Reading > Algeria's crisis clouds the future for OPEC oil cuts March 18, 2019 WASHINGTON, D.C. (Bloomberg Opinion) -- Meet the exclusive group of oil producers that nobody wants to join. Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the “Shaky Six” group of nations suffering involuntary output cuts or at risk of seeing their production fall. This adds yet another"... Continue Reading > OPIC advances first financing solar project in Chad March 16, 2019 The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $10 million to support the introduction of off-grid solar kits and appliances in Chad. OPIC’s loan will help FinLux Ellen Sarl distribute solar kits and appliances to individuals, schools, health clinics and small businesses in Chad, providing them with an affordable"... Continue Reading > Contract on development of Ain Tsila gas field of Illizi inked March 16, 2019 ALGIERS- An EPC contract on the development of Ain Tsila gas field (Illizi) has been signed Wednesday in Algiers by grouping Isarene (Sonatrach, Petroceltic and Enel) and Petrofac International (UAE) LLC. A contract in EPC (Engineering, Procurement and Construction) was inked, Wednesday in Algiers, between this group and the company Petrofac International (UAE) LLC. The"... Continue Reading > SIEERA 2019: 200-plus partnership agreements inked with specialized companies March 13, 2019 ALGIERS- The 2nd International Environment and Renewable Energies Exhibition (SIEERA) wrapped up Sunday, in Algiers, with the signing of 2015 partnership agreements between national and specialized foreign companies, said Minister of Environment and Renewable Energies Fatima Zohra Zerouati. This event “was meant"... Continue Reading > German-African Energy Forum Set to Boost Ties between Governments and Private Sector as Regions Seek New Investment Opportunities March 5, 2019 Major players from within Africa’s energy industry are set to convene in Hamburg on the 27th and the 28th of March, 2019 for the 13th edition of an event dubbed the German-African Energy Forum. Organized by the Afrika-Verein der deutschen Wirtschaft – the foreign trade association representing German companies and institutions with an interest in Africa – the affair will set the"... Continue Reading > OTI partners with Puma Energy to gain momentum across Southern Africa March 4, 2019 On Track Innovations Ltd., a global provider of near field communication, NFC, and cashless payment solutions, has partnered with Puma Energy in Namibia and Botswana, launching the iFUELGUARD B2B solution based on OTI's innovative AVI EasyFuelPlus solution. Puma Energy also welcomes customers who are contracted to Masana Petroleum, BP's commercial arm in the region, to Puma stations in Namibia"... Continue Reading > Sidi R’cine Refinery inaugurated in Algeria February 28, 2019 Algeria inaugurated the Baraki modernized Sidi R’cine oil refinery. Production from the Sidi R’cine refinery will cover the country’s petroleum needs for 18 states, over a third of Algeria’s 48 states. The rehabilitation and extension work on the pre-existing refinery had been awarded to French company, TechnipFMC in 2010, but in 2015 the contract was broken due to considerable"... Continue Reading > Algeria has worked to achieve Sustainable Development Goals February 28, 2019 TAMANRASSET (Algeria)- Algeria has endeavored to achieve on the ground the Sustainable Development Goals, as stipulated in the Constitution, said Wednesday in Tamanrasset, Chairperson of the Arab Network for National Human Rights Institutions (ANNHRI) and the National Human Rights Council (CNDH) Fafa Sidi Lakhdar Benzerrouki. “Algeria"... Continue Reading >