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Algeria Overview

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TotalEnergies teams up with Sonatrach in Timimoun
NEWS
Algeria - April 09, 2024

TotalEnergies and Sonatrach have signed an MoU for the development of gas resources in Algeria's Timimoun region.

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Africa Energy Bank on track for $5-billion launch this year
NEWS
Multinational - March 27, 2024

The Africa Energy Bank, a fund created to address gaps in oil and gas project finance in Africa, is on track to begin operations…

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Algeria announces winners of solar auctions totalling 3 GW
NEWS
Algeria - March 25, 2024

The government of Algeria has unveiled the winners of two solar PV tenders totalling 3 GW.

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OPEC+ members extend voluntary output cuts to Q2 2024
NEWS
Multinational - March 04, 2024

Several OPEC+ members have extended voluntary oil production cuts of 2.2 million bpd into Q2 2024.

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Saudi Arabia sets oil and gas production limits
NEWS
Saudi Arabia - January 30, 2024

Saudi Aramco has received orders from the government to set its maximum sustainable capacity to 12 million bpd.

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Energy watchdogs see increased oil demand in 2024
NEWS
Multinational - January 18, 2024

Both OPEC and the International Energy Agency (IEA) have forecast a rise in global oil consumption in 2024, Reuters reported on Thursday.

The IEA has raised its…

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Oil struggles ahead of OPEC meeting
NEWS
Multinational - July 24, 2017

Oil prices wavered between small gains and losses in European trade on Monday, ahead of a highly-anticipated meeting of some oil ministers from OPEC and non-OPEC…

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Interview
Abu Dhabi - June 02, 2017

Rami Qasem, GE Oil & Gas CEO and president for the Middle East, North Africa and Turkey region (MENAT), talks to TOGY about adding more capabilities in the region and…

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Exec says US firm to invest in Iran
NEWS
Iran - May 11, 2017

A top executive from Iran’s Panid Engineering said on Wednesday that US company Pall Corporation would invest in a project to produce oil equipment in Iran.

The…

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Sonatrach eyes offshore operations
NEWS
Algeria - February 27, 2017

Algeria’s Sonatrach is hoping to start offshore drilling and is in talks with foreign majors such as ExxonMobil, Eni and Anadarko, international media reported over…

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Maersk posts mixed results
NEWS
- February 08, 2017

Maersk Group posted its financial results for the fourth quarter and full-year 2016 on Wednesday, with its energy business delivering mixed results.

Maersk Oil…

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Interview
Abu Dhabi - January 23, 2017

TOGY talks to Christopher Gunson, partner at Amereller, about the oil and gas industry in the UAE and the surrounding region, other countries with potential, and the…

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New Sonatrach plant studies
NEWS
Algeria - December 19, 2016

Algerian state-owned oil and gas company Sonatrach reached agreements with Spanish firm Técnicas Reunidas and British engineering company Amec Foster Wheeler on Sunday…

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Pertamina eyes new deals in Iran, Algeria
NEWS
Iran - December 13, 2016

Indonesia’s state-owned enterprise Pertamina is eying a new purchasing deal in 2017 for Iranian LPG, company officials said on Tuesday. Imports are expected to reach…

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Interview
Egypt - December 9, 2016

TOGY talks to Shamel Elnomany, Vice President of CATEC, about the company’s boiler service in the Egyptian oil and gas industry, the other markets in which the…

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