Mediterranean/N. Africa News


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Algeria's Sonatrach To Refine Crude Abroad To Cut Fuel Import Bill -CEO
Tuesday, January 16, 2018 Sonatrach plans to send oil abroad for refining as it seeks to lower a fuel bill that reached a record $2.5 billion last year.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

SDX CEO 'Very Confident' Company Can Deliver on Forecast Gas Sales Rates
Tuesday, January 09, 2018 Following the release of the latest results at the KSR-16 well in Morocco, SDX Energy Inc President and CEO Paul Welch says the business is 'very confident' it can deliver on its forecast gas sales rates.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

What to Watch for in the Downstream in 2018
Tuesday, January 02, 2018 Expert panel offers 2018 outlook for refining, petchems, LNG and more.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Algeria's Shale Gas Plans Will Take Time, Require Tough Reforms
Friday, December 29, 2017 Algeria needs to exploit its shale gas resources to offset a surge in local energy consumption that is eating into vital exports.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

The 2017 Downstream Countdown: 10 to 6
Thursday, December 28, 2017 Find out which countries were vying for the top LNG exporter spot in 2017.

With New Gas Deals, Egypt Closes In On Energy Hub Goal
Thursday, December 28, 2017 Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

Libya Oil Company To Fix Blown-Up Pipeline In 'Very Few' Days
Thursday, December 28, 2017 Libya's Waha Oil company plans to repair a crude pipeline blown up on Tuesday within a 'very few' days, it says.

The 2017 Downstream Countdown: 15 to 11
Wednesday, December 27, 2017 Here's a recap of the top downstream articles on Rigzone in 2017, starting with numbers 15 through 11.

NOC: Libya Needs A Week To Repair Blown-Up Oil Pipeline
Wednesday, December 27, 2017 A Libyan crude oil pipeline blown up on Tuesday will take about a week to repair, the head of state oil firm NOC said.

What Has Made 2017 Memorable in the Downstream?
Friday, December 22, 2017 They're not stand-up comics, but these folks know a thing or two about downstream highlights.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

GMG Launches New Oil & Gas Services Business Unit
Friday, December 22, 2017 Engineering services company Global Marine Group launches Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil and gas sector.

Eni 'Mission Impossible' Points to Seismic Shift for Big Oil
Friday, December 22, 2017 The quick turnaround from discovery to production hasn't gone unnoticed in the industry. It represents a seismic shift for Big Oil.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

Rigzone Survey Finds Downstream Hiring Hot Spots for 2017, 2018
Thursday, December 21, 2017 Survey participants also reveal where jobs should be most plentiful in the downstream next year.

The 2017 Downstream Countdown: The Final Five
Thursday, December 21, 2017 Presenting, Rigzone's top five downstream articles for the past year.

Zohr Begins Production
Wednesday, December 20, 2017 Eni announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea.

Algeria's Sonatrach Signs $500MM Deal With BP, Statoil
Wednesday, December 20, 2017 Sonatrach signs an agreement with BP and Statoil to produce an additional 11 billion cubic meters of natural gas from its Tiguentourine gas field.

SDX: KSR-15 Well Placed on Production
Friday, December 15, 2017 North Africa focused oil and gas company, SDX Energy Inc, announces that the KSR-15 well on the Sebou permit in Morocco has been placed on production.

Greece, Italy, Israel and Cyprus Back Natgas Pipeline To Europe
Tuesday, December 05, 2017 Italy, Greece, Cyprus and Israel agree to back the construction of a gas pipeline from newly discovered fields.

Eni's Giant Gas Field Prompts Egypt to End Imports in 2018
Wednesday, November 15, 2017 Egypt will stop importing LNG in 2018 and may eventually export gas.

Sudanese Oil Min Says In Talks With Foreign Firms For Oil Industry
Tuesday, November 14, 2017 Sudan has held talks with Russian oil firm Lukoil and other companies from the United States and Canada on the development of its oil industry after the lifting of U.S. sanctions.

Initial Negotiations with Saudi's Aramco to Refine Oil in Egypt - Oil Mnstr
Tuesday, November 14, 2017 Egyptian Oil Minister Tarek El Molla said initial negotiations have taken place with Saudi Arabian state oil company Aramco to refine oil in Egypt.

Egypt Qalaa's $3.7 Billion Oil Refinery to Start Up in September
Thursday, November 09, 2017 Egyptian Refining Co.'s new $3.7 billion processing plant will begin operations in September.

Algeria Invests $2 Billion Into Hassi Rmel Gas Field
Monday, November 06, 2017 Algeria's state energy firm Sonatrach starts $2 billion of new investments into the Hassi Rmel gas field to keep production stable at the country's biggest gas field.

Egypt to Award LNG Tender to Gas Natural Fenosa,Swiss Traders-Trade Sources
Monday, November 06, 2017 Egypt is expected to award its 12-cargo LNG tender to Spain's Gas Natural Fenosa and three Swiss-based trading houses, trade sources said.

Algeria Delays Start Of Southern Touat Gas Field
Wednesday, October 25, 2017 Algeria will delay the start of the southern Touat gas field until the first quarter of 2018.

Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms
Friday, October 20, 2017 Egypt is paring down its requests for liquefied natural gas.

Energean: Montenegro In 'Sweet Spot' Of Untapped Adriatic O&G Potential
Thursday, October 19, 2017 Two blocks offshore Montenegro awarded to Greece's Energean Oil & Gas are estimated to have 1.8 trillion cubic feet of recoverable natural gas reserves, Energean says.

Financial, Security Woes Put Libyan Oil Recovery On Shaky Ground
Wednesday, October 18, 2017 Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability.

Algeria Sees Energy Law Amendment By End Of 2018
Monday, October 16, 2017 Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities say.

South Sudan Oil Conference Fails To Draw Biggest Energy Firms
Wednesday, October 11, 2017 South Sudan's president was a no-show for the nation's first international oil conference, a gathering that also failed to attract prospective investors from the biggest global energy companies.

Eni Bets Big on Zohr Explorer Finding New Treasure
Friday, October 06, 2017 The Zohr field off Egypt sits in an area that Royal Dutch Shell pored over for years.

Libyan Oil Output Is Set to Rebound as Biggest Field Restarts
Wednesday, October 04, 2017 Libya's oil output is on track to resume its recovery as the OPEC nation's biggest crude deposit started pumping after a three-day forced halt.

Engineer: Libya's Sharara Oilfield Still Shut Due To Action By Armed Brigad
Tuesday, October 03, 2017 Libya's giant Sharara oilfield remained closed on Tuesday morning, two days after an armed brigade shut it down over salary claims and other demands.

OPEC Oil Output Climbed in September as Libya, Nigeria Recover
Monday, October 02, 2017 OPEC nations pumped slightly more crude in September as Libya's biggest oil field returned to production.

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