SUBSCRIBE
PROFILE

Cuba

Aramco’s net profit drops for the eleventh consecutive quarter

Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.

Algeria to launch SCADA system modernisation of national power grid in 2026

The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.

Turkey locks in 19 Bcma of LNG, Moscow and Tehran under pressure

Botaş lines up a series of liquefied natural gas (LNG, liquefied natural gas) contracts that narrow the space for Russian and Iranian flows, as domestic production and import capacity strengthen its bargaining position. —
en_1140281040540

Sonatrach replaces its CEO as internal tensions mount

Algeria has removed Rachid Hachichi from the leadership of Sonatrach, two years after his appointment, replacing him with Noureddine Daoudi, former head of the National Agency for the Valorisation of Hydrocarbon Resources.

Sonatrach resumes drilling in Libya after more than ten years of security-related halt

Algerian company Sonatrach has resumed exploration activities in Libya's Ghadames Basin, halted since 2014, as part of a strategic revival of the country's oil sector.

Sonatrach restarts Skikda unit to boost LNG exports

The Algerian national company has restarted a key liquefaction unit in Skikda, strengthening its export capacity amid massive investment in the gas sector.
en_1140221061540

Midad Energy signs $5.4bn contract with Sonatrach in Algeria

Sonatrach and Midad Energy North Africa signed a production-sharing hydrocarbon contract in the Illizi South perimeter, involving a total investment estimated at $5.4bn for exploration and exploitation of the site.

Algeria signs two oil assessment agreements with Petrogas E&P

Alnaft has signed two study agreements with Omani firm Petrogas E&P on the Touggourt and Berkine basins, aiming to update hydrocarbon potential in key oil-producing areas.

Algeria commits $60 billion to strengthen its energy strategy by 2029

Algeria plans to allocate $60 billion to energy projects by 2029, primarily targeting upstream oil and gas, while developing petrochemicals, renewables and unconventional resources.
en_114071088540

US Supreme Court to rule on ExxonMobil case over 1960 Cuban asset seizures

The US Supreme Court will hear ExxonMobil’s appeal for compensation from Cuban state-owned firms over nationalised oil assets, reviving enforcement of the Helms-Burton Act.

African solar panel imports surge 60% in one year

Solar panel imports into Africa reached 15,032 MW in one year, setting a record and marking an expansion beyond South Africa, according to the energy research organisation Ember.

Occidental and Algeria Launch Two Studies to Assess New Oil and Gas Fields

Alnaft and Occidental Petroleum signed two agreements to assess the oil and gas potential of southern Algerian zones, amid rising budgetary pressure and a search for energy stability.
en_1140180844540

OPEC Revises Global Oil Forecasts for 2026 to 106.5 Million b/d

OPEC's August report reveals Russian production above quotas and commercial dominance in Asia, while Kazakhstan massively exceeds its reduction commitments.

Russia gains adoption of oil and gas standards in Africa and the Middle East

Around 80 Russian technical standards for oil and gas have been internationally validated, notably by the United Arab Emirates, Algeria and Oman, according to the Institute of Oil and Gas Technological Initiatives.

OPEC+ to complete in September the full withdrawal of 2.2 million b/d voluntary cuts

The eight OPEC+ members concerned will end next month the cuts introduced in November 2023, while keeping the option to readjust their output depending on market fundamentals and quota compliance.
en_1140100838540

OPEC+ Accelerates Production Hikes Amid Shifting Oil Market Dynamics

Eight OPEC+ countries boost output by 547,000 barrels per day in September, completing their increase program twelve months early as Chinese demand plateaus.

Saudi Aramco and Sonatrach cut LPG prices by 5 to 10% for August

Saudi Aramco and Sonatrach have announced a reduction in their official selling prices for liquefied petroleum gas in August, reflecting changes in global supply and weaker demand on international markets.

OPEC+ increases production by 547,000 barrels as non-OPEC supply explodes

The eight voluntary OPEC+ members accelerate their market return in September despite weakened global demand and record production from the Americas.
en_114050842540

Qatar threatens to cut gas to Europe over climate requirements

Qatar rejects EU climate transition obligations and threatens to redirect its LNG exports to Asia, creating a major energy dilemma.

Is Europe replacing Moscow with Washington in its energy dependence

The EU-US agreement could create a higher energy concentration than that of Russia before 2022, threatening the European diversification strategy.
  • Populaires sur energynews.pro
TotalEnergies sells 40% of two Nigerian licences to Chevron in strategic deal
Ecopetrol targets 88.2 MWp with acquisition of seven solar projects in Colombia
ExxonMobil shuts down steam cracker in Singapore and redirects assets to China
Citgo shifts under Elliott control for $5.9bn pending U.S. approval
Japan set to vote on partial restart of Kashiwazaki-Kariwa nuclear plant

OPEC+: eight members extend their production cuts until the end of December

Saudi Arabia, Russia, and six other OPEC+ countries extend their production cuts by 2.2 million barrels per day until the end of December to support oil prices weakened by uncertain demand.

Europe and Algeria sign a strategic agreement for the green hydrogen SoutH2 corridor

A Memorandum of Understanding (MoU) has been signed to launch the SoutH2 project, an energy corridor connecting Algeria to Europe. This 3,300 km pipeline will transport up to 4 million tonnes of green hydrogen per year by 2030.

Libyan Oil Production Soars After End of Political Conflict

The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
en_1140660898540

Major Oil Companies Under Pressure for Transparency on Gas Flaring Emissions

A report reveals that CO2 emissions linked to gas flaring by oil companies are underestimated. Groups such as Sonatrach, BP, and TotalEnergies face accusations of opaque practices regarding these polluting releases.

Gulf of Mexico: oil rigs evacuated under hurricane threat

Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.

Algeria compensates for Medgaz maintenance with higher LNG sales

Algeria is increasing its exports of liquefied natural gas (LNG) following maintenance work on the Medgaz pipeline, temporarily reducing flows to Spain while optimizing sales in the Mediterranean.
Design sans titre-155

European LNG spot prices outperformed by oil-indexed contracts

Spot prices for liquefied natural gas in Europe are in difficulty compared with long-term oil-indexed contracts, due to persistently low crude oil prices and winter uncertainties.

Algeria: Tebboune re-elected, strengthens energy strategy between Europe and Russia

Re-elected with 95% of the vote, Abdelmadjid Tebboune is strengthening his strategic alliances with Russia and Italy, and stepping up investment in gas, nuclear and renewable energies. But this approach raises questions about economic sustainability and the risks of dependency.

Astronergy delivers 1 GW of solar modules for projects in Algeria

Astronergy supplies 1 GW of solar modules to Algeria, supporting the development of 2,000 MW of photovoltaic power plants as part of the country's energy strategy.
Design sans titre-26

Algeria: Tebboune aims for economic reforms to consolidate his power

Abdelmadjid Tebboune, Algerian President and candidate for re-election, is focusing his strategy on economic reforms against a backdrop of dependence on hydrocarbons and criticism of the political status quo.

LNG market under pressure as uncertain winter approaches

Despite high European inventories, the global LNG market remains exposed to supply risks and growing demand from Asia and Latin America, fuelling tensions ahead of winter.

Algeria joins the New BRICS Development Bank

Algeria joins the New BRICS Development Bank, seeking to diversify its sources of financing and strengthen its position on the international financial scene.
Design sans titre

Asian LNG prices outperform US prices amid uncertainty

Liquefied natural gas (LNG) prices in Asia continue to climb relative to the US, buoyed by geopolitical tensions and global supply disruptions, reflecting an energy market under pressure.

Repercussions in Europe of the end of Russian gas transit via Ukraine

Ukraine terminates Russian gas transit contract to Europe from 2025. This decision forces European countries to review their supply strategies and adapt to the new dynamics of the energy market.

After Algeria, Iraq reinforces Lebanon’s heavy fuel oil supply

Lebanon obtains crucial support from Iraq with an increase in heavy fuel oil deliveries to 125,000 tonnes in August, aimed at keeping its power plants operational in the midst of the crisis.
Renforcement-approvisionnement-energetique-Liban

After Algeria, Iraq reinforces Lebanon’s heavy fuel oil supply

Lebanon obtains crucial support from Iraq with an increase in heavy fuel oil deliveries to 125,000 tonnes in August, aimed at keeping its power plants operational in the midst of the crisis.
Strengthening energy supply Lebanon

Algeria supplies emergency fuel oil to Lebanon

Algeria began an immediate supply of fuel oil to Lebanon, thus avoiding the total paralysis of strategic infrastructures following the exhaustion of stocks at the Zahrani power plant.
Emergency fuel oil support

Nuclear power development in the MENA region: Ambitions and challenges

Untitled design-319

SONATRACH, SONELGAZ and ENI join forces for a subsea power cable

SONATRACH, SONELGAZ and ENI S.P.A have signed a memorandum of understanding for an electricity interconnection between Algeria and Italy via a submarine cable, marking a major strategic step forward.
Signature de l'accord entre ENI, Sonelgaz et Sonatrach

Naturgy stabilizes profits despite falling gas prices

Naturgy maintains its first-half net profit at 1.04 billion euros, despite lower gas and electricity prices, thanks to a strategic agreement with Sonatrach.
Logo sur la façade
Charger plus