Wednesday 4 May 2016
 
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Sonatrach

Oil revenues down, Algeria woos energy investors

After a deep slide in oil prices, Algeria's Sonatrach is shifting strategy to offer foreign firms direct negotiations to buy stakes in 20 oil and gas fields in a bid to attract investors and increase output, a source at the state energy co

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Sonatrach backs North Africa petroleum expo

Sonatrach, Algeria's state and gas company, has backed the sixth North Africa Petroleum Exhibition and Conferences (Napec).   The event will run from March 8 to 11 in the Hilton Hotel, Algiers, said a stateme

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Sonatrach awards GJC deal at Hassi Messaoud oilfield

Algeria's state energy company Sonatrach has awarded Japanese firm GJC a $339 million contract to help increase production at its largest oilfield in Hassi Messaoud, according to an internal Sonatrach document seen by Reuters.

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Algeria postpones energy bids, sees slight rise in output

Algeria has postponed a round of bids for oil and gas exploration rights planned for this year after a slump in world crude prices, and will launch the round when market conditions improve, a senior Algerian energy official said.

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Algeria boosts oil output by 32,000bpd

Opec member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday. Production increased on Saturday when the Bir Sebaa field started pr

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Sonatrach raises August Saharan Blend crude OSP

Algeria's Sonatrach has set its Saharan Blend crude oil official selling prices (OSP) for loading in August at a premium of 45 cents per barrel to dated Brent, it said.   The July OSP was set at a discount of

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Sonatrach diverts Europe gas to Asia, eyes Latam LNG deals

Algeria's state-run energy firm Sonatrach expects to continue diverting gas supplies away from Europe towards Asia as it also explores potential new long-term supply deals with South American importers, a top official said. &n

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Sonatrach diverts Europe gas to Asia, eyes Latam LNG deals

Algeria's state-run energy firm Sonatrach expects to continue diverting gas supplies away from Europe towards Asia as it also explores potential new long-term supply deals with South American importers, a top official said. &n

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Sonatrach appoints new chief executive

Algeria's state energy firm Sonatrach has named Amine Mazouzi as its new chief executive to replace interim chief Said Sahnoun, who had been appointed less than a year ago, according to two industry sources on Sunday. An offic

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Algerian former oil executives on trial in graft scandal

A group of top former Algerian state oil company officials including an ex-chief executive went on trial for corruption in a scandal involving foreign suppliers.   The so-called "Sonatrach 1" case is ju

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