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Eni extends collaboration for transporting Algerian natural gas until 2029

Eni extends collaboration for transporting Algerian natural gas until 2029

July 2, 2019 No Comments

Claudio Descalzi, CEO of Eni, and Slim Feriani, Tunisian Minister of Industry, signed the new agreement for transporting Algerian natural gas through Tunisia, in the presence of the Prime Minister of Tunisia, Youssef Chahed. The agreement follows the ones reached with Sonatrach last May, in relation to the purchase of gas and transport in the […]

Eni and Sonatrach strengthen relationship

Eni and Sonatrach strengthen relationship

May 17, 2019 No Comments

Eni and Sonatrach have signed agreements to renew the gas supply contract to import Algerian gas into Italy until 2027 (plus two further optional years) also defining the transportation arrangements through the pipeline crossing the Mediterranean Sea. These agreements follow in the steps of a partnership on gas supply and transportation that was established more […]

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

May 6, 2019 No Comments

Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of 8.8 billion $ in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition […]

Contingent Sale of Anadarko African Assets to Total for $8.8 Billion

Contingent Sale of Anadarko African Assets to Total for $8.8 Billion

May 6, 2019 No Comments

Occidental Petroleum Corporation (NYSE: OXY) announced that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation (“Anadarko”) (NYSE: APC), it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. (“Total”) (NYSE: TOT) for $8.8 billion. The sale is contingent upon Occidental entering into and […]

Sonatrach Pulls Out Of Libya

Sonatrach Pulls Out Of Libya

November 27, 2018 No Comments

Algeria’s state oil and gas company has pulled out of Libya citing deteriorating security conditions, Libyan media report, adding the company had first evacuated its personnel from its neighbor and has now transported production equipment across the border. Sonatrach had partnered with the Libyan National Oil Corporation on drilling seven oil wells in its eastern […]

Eni and Sonatrach sign agreements in the renewable energy sector

Eni and Sonatrach sign agreements in the renewable energy sector

November 26, 2018 No Comments

The Chairman and General Director of the Algerian state company Sonatrach, Abdelmoumen Ould Kaddour, and the Chief Executive Officer (CEO) of Eni, Claudio Descalzi, inaugurated a 10 MW solar plant today in Bir Rebaa North (BRN) in Algeria. The plant, co-operated by Eni and Sonatrach through the GSA (Groupement Sonatrach-Agip), will provide green energy to […]

Outlook for Africa’s oil & gas industry improves – PwC report

Outlook for Africa’s oil & gas industry improves – PwC report

November 6, 2018 No Comments

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given the current recovering oil price. […]

Eni and Total partner with Sonatrach for offshore exploration in Algeria

Eni and Total partner with Sonatrach for offshore exploration in Algeria

October 29, 2018 No Comments

The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, the Chief Executive Officer of Eni, Claudio Descalzi, and the Chief Executive Officer of Total, Patrick Pouyanné, signed two agreements during the Algeria Future Energy Summit in Algiers today, which include an exclusive partnership for offshore exploration in Algeria. In parallel, […]

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Total in Algeria

Total in Algeria

October 8, 2018 No Comments

Total’s exploration and production activities in Algeria date back to 1952. In 2017, Total’s production in Algeria averaged 15,000 barrels of oil equivalent per day (boe/d), all of it from the TFT gas and condensate field, in which the Group currently holds a 35% in interest. In June 2017, Total signed a new concession contract […]

OPEC’s World Oil Outlook to be launched in Algiers

OPEC’s World Oil Outlook to be launched in Algiers

September 6, 2018 No Comments

The 2018 OPEC World Oil Outlook (WOO) will be presented at a press conference to be held at the El Aurassi Hotel in Algiers, Algeria, on Sunday, 23 September 2018 at 3:15 pm (Algiers time). The launch will coincide with the 10th Meeting of the Joint Ministerial Monitoring Committee (JMMC) in Algiers, and form part […]

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