Displaying 1 - 10 of 12 articles
Norwegian energy major Statoil has reported a significant drop in its first-quarter results for 2013, partly attributable to January's terrorist attack in Algeria. This includes a 29% fall in profits. The company said in a press release that the figures were affected by lower production and reduced...
The Egyptian energy minister has had a meeting with chief executive of Russian gas giant Gazprom in Moscow. Mohamed Kamal Abdel Hamid, Egypt’s Minister of Petroleum and Mineral Resources, had talks with Alexey Miller at the state company's offices. In a statement Gazprom said the meeting participants discussed...
Spanish energy major Repsol has made a significant gas discovery in south-eastern Algeria, the site of last November's terrorist attack on a Statoil-led facility.The discovery is in the Sud-Est Illizi block in southern Algeria, according to Spanish newspapers and Britain's Financial Times. The fiind...
Production has resumed at the In Aménas gas plant in Algeria, the scene of a terrorist attack and considerable loss of life in January. One of the plant's operators, Statoil of Norway, said that limited production started last Friday. The other partners in the joint venture at In Aménas are...
Developing Algeria as a major natural gas exporter is an economic and strategic imperative for EU countries as North Sea production of the commodity enters terminal decline in the next decade. Algeria is already an important energy supplier to the Continent, but Europe will need expanded access to natural...
On 16 January, members of the Al-Mulathameen Brigage (the Masked Brigade) linked to Al-Qaeda and the Islamic Maghreb (AQIM) attacked a gas facility in south-eastern Algerian close to the Libyan border, leading to the death of approximately 58 hostages, with roughly 32 militants reportedly killed. Over...
Loss of production from Algeria's In Amenas gas field after last's week attack by Islamist militants will cut deliveries to Europe by as much as 9 billion cubic meters a year, a French gas analyst told the Bloomberg agency. Russian gas will most likely be used to replace the shortfall, Thierry Bros...
The hostage attacks in Algeria have sent shockwaves through the hydrocarbon industry. And gas supplies to European countries could already be feeling the effects. The Financial Times reports that many oil and gas multinationals are evacuating personnel from the north African country, as full details...
Gas Natural Fenosa of Spain and Sonatrach of Algeria have signed an agreement for the purchase from the latter of a 10% shareholding in Medgaz, SA, and 10% of shareholders loan for €61.9 million. Medgaz is the company which owns the property and operates the Algeria-Europe underwater gas pipeline...
The prospect of natural gas from Algeria being piped via Sardinia to Northern Italy and onward to Europe is still uncertain as the date for making a decision regarding its viability has been delayed once again. The pipeline, known as Galsi, would provide an 800km, 8 billion cubic metre, link between...
