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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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Repsol strikes gas onshore in Algeria
NEWS
Algeria - April 21, 2015

Repsol has made a new onshore natural gas discovery in Algeria, the Spanish company announced on Monday.
The Tan Emellel Sud-Ouest-2 exploration well was drilled to a…

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Venezuela proposes OPEC oil-blending
NEWS
Venezuela - April 20, 2015

In a bid to compete with growing supplies of North American oil and gas, Venezuela has proposed a plan under which its heavy crude would be blended with lighter oil…

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Eni names candidate for Saipem CEO
NEWS
Azerbaijan - April 03, 2015

Eni has nominated Stefano Cao to take over as CEO of Italian oilfield services company Saipem.

The proposal will be voted on at a Saipem shareholders’ meeting on…

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Kuwait sees OPEC oil production steady
NEWS
Kuwait - March 20, 2015

Organization of the Petroleum Exporting Countries (<a href='https://theenergyyear.com/companies-institutions/opec/’>OPEC) will keep its crude oil production…

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MENA energy spending forecast unchanged
NEWS
Saudi Arabia - February 05, 2015

The Arab Petroleum Investments Corporation (APICORP) projects countries from the Middle East and North Africa Region will invest an estimated $755 billion in energy…

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Gazprom and Eni sign new supply contract
NEWS
Russia - May 28, 2014

On May 23, Gazprom and Eni signed a new gas supply deal that delinks gas prices from oil prices via an index. Analysts believe the deal will add about €560 million…

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