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Algeria to Implement 'New Growth Model' to Cope with Oil Price Drop
Wednesday, July 27, 2016 OPEC member Algeria says it will launch a new "economic growth model" for the next four years focussed on reforming the tax system to bring in more revenue and reduce dependence on energy exports.
Spokesman: Production at Libya's Sarir Oilfield to Remain Suspended
Wednesday, July 20, 2016 Production at the Sarir oilfield in eastern Libya will remain suspended despite the reopening of the Hariga export terminal following a pay dispute, according to an AGOCO spokesman.
Libya Suspends Sarir Oil Output Due to Hariga Port Protest
Tuesday, July 19, 2016 A wage protest in the eastern Libyan port of Hariga forces the operator of the Sarir oilfield to suspend production of 100,000 barrels per day.
Statoil, BP Remain Committed to Algeria Despite Violence
Wednesday, July 13, 2016 With strengthened safety measures in place, Statoil and BP pledge their commitment to Algeria despite militant attacks on their facilities in the North African nation.
TE-6 Well Results 'Significantly Above Expectations'
Monday, July 11, 2016 Results at the TE-6 well at the Tendrara license area, onshore Morocco, are already "significantly above company expectations," says Sound Energy.
Saipem Secures Offshore Engineering, Construction Contracts Worth $1.6B
Thursday, July 07, 2016 Saipem has been awarded new offshore engineering and construction contracts worth in excess of $1.6 billion.
Spokesman: Libya's Oil Guards Back NOC, Preparing To Reopen Fields
Thursday, July 07, 2016 Libya's oil guard brigades, who control Ras Lanuf and Es Sider, two major export terminals closed since 2014, are working with the unity government's state oil company and preparing to reopen shuttered fields to pump crude again, a spokesman says.
GSP Secures Offshore Drilling Contract in Tunisia
Wednesday, July 06, 2016 Grup Servicii Petroliere (GSP), member of GSP Holding, secures an offshore drilling contract in Tunisia with Numhyd.
Libya Oil Chiefs Reunify State Producer To End Row On Exports
Monday, July 04, 2016 Rival leaders of Libya's National Oil Corp. reached an agreement to unify the state company under a single management, a step that could help end the conflict over who can control the divided country's crude exports and revenue.
Egypt Reduces Arrears Owed To Foreign Oil Companies To $3.4B
Monday, July 04, 2016 Egypt reduces the arrears it owes foreign oil companies to $3.4 billion in 2015/16 from $3.5 billion a year earlier.