Algeria's state energy company Sonatrach has launched a pre-qualification bidding round to choose firms that will build six compressor stations at an estimated total cost of $1 billion, according to a Sonatrach document.
Algeria’s state-owned Sonatrach has awarded contracts worth $206 million to a number of US for oil drilling and other services, a report said.
Schlumberger obtained a $75 million contract, while Weatherford received $11 mill
Algerian state energy company Sonatrach has awarded US oil service firms Schlumberger and Weatherford contracts for cementing and pumping services, a Sonatrach document said.
Schlumberger was awarded a $75 mill
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
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
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.
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.
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
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
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.