SUBSCRIBE
PROFILE

Cuba

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.

Sonatrach and Sinopec accelerate exploration of new oil basins in Algeria

Sonatrach continues to assess underexploited oil and gas areas with the support of Sinopec, following a gradual strategy to strengthen its position on the regional energy market.
en_114028072044540

Naturgy posts record half-year profit of €1.15bn following Iberian blackout

Spanish group Naturgy reports an unprecedented net profit, driven by rising electricity prices and increased use of its gas-fired power plants since the major Iberian grid outage.

Sonatrach and ENI Seal $1.35 Billion Contract in Algeria

Sonatrach and ENI have signed a $1.35 billion production-sharing agreement aiming to extract 415 million barrels of hydrocarbons in Algeria's Berkine basin, strengthening energy ties between Algiers and Rome.

BP and Shell sign strategic agreements to revive Libya’s oil industry

BP and Shell intensify their commitments in Libya with new agreements aimed at revitalizing major oil field production, amid persistent instability but rising output in recent months.
en_11408072055540

OPEC+ Significantly Raises Oil Quotas with Additional 548,000 Barrels

Major oil producers accelerate their return to the market, raising their August quotas more sharply than initially expected, prompting questions about future market balances.

Mauritania: Sonatrach and SMH launch strategic partnership in downstream oil sector

Facing an under-equipped downstream sector, Mauritania partners with Sonatrach to create a joint venture aiming to structure petroleum products distribution and reduce import dependency, without yet disclosing specific investments.
  • Populaires sur energynews.pro
Greenflash acquires 200 MW storage project in Texas from Advanced Power
IMF forecasts oil to fall to $68 in 2025 amid tariff-driven slowdown
Three Crown expands horizontal drilling programme in the Powder River Basin
Brazil’s biodiesel sector calls for tighter oversight amid rising prices and fraud risks
Fluence to supply 640 MWh of storage to Torch Clean Energy in Arizona

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

Europe: LNG investment booms despite stagnant demand

LNG regasification projects in Europe will increase capacity by 121 million tonnes/year by 2030. However, falling demand and utilization rates below 50% raise questions about the risk of overinvestment.
Baisse des prix du gaz

Germany: 100 TWh of green hydrogen imported via pipelines by 2035

A study reveals that Germany could import up to 100 TWh of green hydrogen per year via pipelines by 2035, meeting a significant proportion of its projected energy demand.
Importation d'hydrogène vert Allemagne

Iran surpasses Iraq in gas flaring to become world number two

Iran has overtaken Iraq in 2023 to become the world's second largest gas flaring emitter after Russia, reveals a World Bank report.
Torchage gaz mondial Iran

Criteria abandons joint acquisition of Naturgy with TAQA

Criteria announces the end of negotiations with TAQA for a joint bid for Spanish gas giant Naturgy, reaffirming its commitment to support.
Acquisition Naturgy Criteria TAQA

Russian LNG exports to Europe fall by 10% in 2023

According to a GIIGNL report, Russian LNG exports to Europe are set to fall by 10% in 2023, while the global LNG market is experiencing a slowdown.
GNL russe Europe États-Unis 2023

Sonatrach and ExxonMobil join forces for Algeria’s gas resources

Sonatrach and ExxonMobil have signed a memorandum of understanding to develop hydrocarbon resources in southern Algeria, opening up new prospects for the energy sector.
Développement Ressources Gaz Algérie
Charger plus