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Algeria: Energy news: Oil / gas / electricity / solar / nuclear power developments

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  • Algeria: Energy news: Oil / gas / electricity / solar / nuclear power developments

    OSLO, Norway — Norwegian oil company Statoil ASA said Wednesday it has spent about US$2 billion to develop Algerian gas fields, and plans to invest US$1.5 billion more depending on future natural gas finds in the North African country.

    Future investments are contingent on gas finds in the Hassi Mouina block, an area covering 23,000 square kilometers (9,000 square miles) in western Algeria, Statoil spokesman Kai Nilsen said.

    Statoil has a 75-percent share in that block, with Algeria's state-controlled Sonatrach owning the remaining 25 percent.

    The Norwegian company already has a solid foothold in Algeria, after securing interests in two gas fields in the southern part of the country.

    Statoil expects production to start at the In-Amenas field "within weeks," while deliveries from the In-Salah field started in 2004, company spokesman Ola Morten Aanestad said.

    Statoil to invest $1.5B more in gas fields

  • #2
    Gazprom, the Russian gas monopoly, has delivered its first liquefied natural gas (LNG) shipment to the UK.
    Gazprom, the world's biggest natural gas producer and supplier of a quarter of Europe's gas, bought 140,000 cubic metres of LNG - equivalent to 85m cubic metres of natural gas - from Gaz de France and delivered it to BP.

    It was the largest LNG shipment to reach the Isle of Grain terminal in north Kent. A joint venture between BP and Algerian energy company Sonatrach has been formed to market LNG from the terminal which is expected to supply 5% of the UK's gas demand.

    Gazprom starts shipping liquid gas to Britain

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    • #3
      ALGIERS, Algeria (AP): Oil prices will likely remain high throughout 2006, Algeria's energy minister was quoted as saying Saturday.

      In response to a question about the latest rise in prices, Chakib Khalil was quoted as telling state news agency APS: "It is very probable that prices will stay at a high level until the end of 2006.''

      "World oil demand is still dynamic, and we haven't seen a strong drop in the second trimester, as was anticipated,'' he was quoted as saying.

      Khalil said problems in Iraq, Nigeria, Venezuela, Russia and Iran were factors of tension playing a role in oil prices. He also said U.S. issues were a factor, including the approach of the summer driving season and difficulties faced by the refinery industry, still recovering from last year's hurricanes.

      Oil prices rose above US$69 a barrel on Thursday ahead of the long Easter weekend, as worries about possible supply disruptions overshadowed the news that U.S. crude inventories are at their highest level in eight years.

      Algerian energy minister: Oil prices likely to remain high throughout 2006

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      • #4
        Algeria's energy minister is due to visit Spain Monday to discuss the MediGas project.

        Algerian radio reported Monday Energy and Mining Minister Chakib Khelil had been invited to Spain in an official capacity by Spanish Industry, Tourism and Trade Minister Jose Montilla.

        During the visit, which is but one of a number of meetings the two ministers have held in recent months to discuss the progress of the MediGas project and the cross-sea power line, the ministers are also expected to discuss furthering bilateral energy cooperation.

        Algerian energy minister visits Spain

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        • #5
          Germany is to invest $2.49 billion in the Algerian energy sector, Algerian radio reported Wednesday.

          Guenter Gloser, minister-delegate at the German Foreign Ministry, spoke of the attempts forged by the two countries to develop bilateral relations that would then enable them to cooperate across a breadth of fields.

          Although the two countries are aiming for a diversified partnership that will see them cooperating in all spheres, Gloser encouraged those in positions of responsibility to forge transnational relationships in the fields of energy, scientific research and technology.

          Following talks with a range of Algerian officials, Gloser told Algeria's Radio 1: "We shall form a synopsis of the results of the talks I have had in Algeria to help us in Germany know in which field to get involved. Will it be in the industrial sphere or the enterprises?

          "Naturally, Algeria is free to choose it partner. Allow me to say that I have personally felt Algeria's desire to develop its relations with Germany and my duty in this context is to promote Algeria in Germany."

          Germany, Gloser said, planned to invest $2.49 billion in Algeria's energy sector by 2012, although he gave no further details of the nature of the projects that would benefit.

          Germany to invest $2.5B in Algeria energy

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          • #6
            Egypt's Oil Minster Sameh Fahmi said that a joint Egyptian-Algerian venture will be established for prospecting for oil and gas in the two states and that returns will be shared equally.

            This is the first time in history that Egypt cooperates in the oil sector with an Arab state.

            The agreement was made after talks that Fahmi made with Algerian Energy Minster Shakib Khalil on the sidelines of the Tenth World Energy Forum that ended in the Qatari capital of Doha yesterday.

            Fahmi said that his talks with the Algerian Minster showed full understanding concerning all topics tackled, especially that Algeria is seeking to further cement cooperation with Egypt in the oil and gas sectors through the setting up of joint marketing center for Algerian butane gas to countries overlooking the Mediterranean, due to the important location of Egypt.

            Egypt, Algeria for oil and gas cooperation

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            • #7
              A new business alliance is forming between Russia and Algeria, Africa’s largest gas producer.

              A visit to Africa later this year by Russian President Vladimir Putin is likely to cement ties with oil and diamond producer Angola as well.

              Gazprom, the dominant supplier of natural gas to northern Europe from Russia, and Sonatrach, the dominant supplier of natural and liquefied natural gas (LNG) to southern Europe from Algeria, have begun detailed planning for what critics have begun calling the gas producers’ Opec.

              This follows Putin’s visit to Algiers last month and meetings there between Gazprom CE Alexei Miller and two Algerian officials, Power Minister Shakib Khelilem and Sonatrach president Mohammed Meziane.

              A formal memorandum of co-operation is due to be signed during a follow-up visit to Moscow. Gazprom will not say exactly what date has been fixed.....

              Russia to form gas production alliance with Algeria

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              • #8
                South Korea, the world's fourth-biggest crude oil buyer, has reached an initial pact with Algeria on tripling joint oil stockpiling to 6 million barrels this year, a Korean government source said on Monday.

                The deal with the North African OPEC producer is aimed at helping South Korea secure wider sources of crude supply and reduce its reliance on the Middle East at a time oil prices are hitting record highs above $75 a barrel driven by the stand-off between the West and Iran over Tehran's nuclear programme.

                The Korean government has said it planned to increase joint oil stockpiling with foreign firms by 5 million barrels to a total 25 million barrels this year, but has so far not provided details on what countries or companies might participate.

                The latest agreement states that Algeria, which has been trying to expand sales in fast-growing Asia and Americas, can store up to 6 million barrels of oil at South Korea's state-operated tanks, a source at Korea's energy ministry said.

                But details including terms and duration were not finalised yet, the source told Reuters by telephone.

                Currently, Algerian state oil firm Sonatrach leases 2 million barrels of capacity at the Ulsan storage base operated by state-run Korea National Oil Corp. (KNOC) under a three-year contract starting from last year.....

                South Korea to triple joint oil stockpiling with Algeria

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                • #9
                  Algeria will soon launch international tenders to build power and gas turbine plants as part of efforts to meet fast-growing demand, state-owned gas and electricity distribution company Sonelgaz said.

                  'We will launch two tenders for the construction of two electricity plants with a capacity of 800 MW each and two gas turbine plants with a capacity of 200 MW each,' Sonelgaz chief executive Noureddine Boutarfa told state radio.

                  Sonelgaz has said it will spend $9.43 billion on gas and electricity projects over the next five years.

                  It said $6.4 billion was being invested in electricity projects and $3.03 billion was earmarked for gas distribution and transport networks between 2005-2009.

                  The company, a susidiary of state energy group Sonatrach, invested more than $ 1 billion last year, and is now planning to develop a network in the Sahara desert, Boutarfa told the radio.

                  'We realised that it was necessary to develop a big network in the south. The objective is to link the south to our network in the north,' he said.

                  Algeria to launch plants tenders

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                  • #10
                    First Calgary Petroleums Ltd. (TSX:FCP) said Wednesday it has discovered a new oil pool in the Tagi zone of its prospective offshore Block 405b in Algeria.

                    The company, trading in whose stock was halted pending the announcement, said the discovery was made during a five-day flow test on the LES-3 well.

                    It revealed a normalised deliverability rate of 8,667 barrels of oil per day and 6.8 million cubic feet of gas per day.

                    "The Tagi oil pool discovered by LES-3 creates additional appraisal and potential development opportunities," president and CEO Richard Anderson said in a release.

                    "Drilling activity on the block has been accelerated with three rigs now operating."

                    The company also said its MLE-6 well at the property tested at normalised totals of 8,496 barrels of oil equivalent per day.

                    Testing has also begun at the LEW-2 well.

                    First Calgary's stock price collapsed last spring from highs of nearly $23 as the company tried in vain to find a partner or buyer who would help develop or take over its prized Algerian oil and gas assets.

                    Last June, the company ended joint venture talks with Spanish energy company Repsol Exploration and told investors it was going carry on with its exploration program and look to develop energy projects on its own.

                    Its shares last traded at $10.80 Tuesday on the Toronto stock market.

                    First Calgary Petroleums reports new oil after test at Algerian site

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                    • #11
                      Algerian state-run oil and gas company Sonatrach (SON.YY) has shut its 335,000 barrel-a-day Skikda refinery due to technical problems, traders said Thursday.

                      "The whole refinery was shut down...(but) they have already restarted one unit," one market participant said, while noting another unit remains offline following an emergency shutdown Wednesday.

                      No other details were available and a spokesman at Sonatrach couldn't be reached for confirmation.

                      Skikda is a key supplier of oil products to Europe, particularly naphtha and low-sulfur straight-run fuel oil.

                      Outage at Sonatrach's Skikda refinery in Algeria -Traders

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                      • #12
                        Algeria gains USD 16 billion from oil sales in 1st quarter 2006

                        ALGIERS, May 2 (KUNA) -- Algerian Energy and Mining Minister Chekib Khalil said Tuesday that Algeria has achieved revenues of USD 16 billion from oil sales during the first quarter of 2006.

                        Speaking to Algerian radio, Khalil said if this rate continues, Algeria's revenues from oil products during 2006 will exceed the USD 45 billion gained in 2005, adding that Algerian crude oil has reached an all time record of USD 54.4 per barrel during this year.

                        While saying that increasing Algeria's oil production has contributed greatly to such soaring revenues, he noted that Algeria is the second largest exporter of gas to Europe after Russia.

                        Algeria's gas reserves are estimated between four and 4.5 trillion cubic meters.

                        According Algeria's Sonatrach oil firm, oil production hiked from 1.32 million barrels-per-day (bpd) in August to 1.38 million bpd in September in 2005.

                        Source

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                        • #13
                          Total SA said it has made a new natural gas discovery in the Timimoun field in southwestern Algeria, where the MJB-3 exploration well found initial output of 235,000 cubic meters per day.

                          Further output assessments are underway, as are other exploration and appraisal programmes in the field.

                          Total owns a 63.75% stake in the Timimoun field, Spain's Cespa owns 11.25%, and the Algerian state-owned oil company Sonatrach owns 25%.

                          Total makes new gas discovery in Algeria's Timimoun field

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                          • #14
                            Aggreko plc, global leader in providing temporary power generation and temperature control services today announced that it has signed a contract with Groupement Sonatrach - Agip for the provision of a 4MW / 5.5KV temporary power package to a remote oil pumping station in the Algerian Sahara Desert.

                            The 4 MW power package will be the sole source of power, operating the Sulzar multi-phase pumps at the Sonatrach's oil-producing station until a permanent power source from the grid can be installed.

                            The climate in Sahara desert is typically hot, very dusty, and is virtually rainless. 'Due to the complexity, location and environmental conditions of the environment Aggreko was a natural choice,' said Andy Walker, Area Sales Manager - Aggreko.

                            Working in conjunction with other contractors for the project, Aggreko mobilised, installed and commissioned the entire 4 MW power package at the remote location ahead of schedule. Included as part of the contract, Aggreko is providing 24 hour on site engineering support as well as training and recruiting local employees.

                            'The power package that Aggreko designed for the project was completed after considering the unique environmental conditions prevalent in the Sahara and the duration of the project. Moreover, Aggreko's technical expertise and equipment meant that we were the only company capable of supplying a reliable solution in the extreme conditions experienced in the Sahara Desert,' added Andy Walker.

                            A jointly-owned subsidiary of Sonatrach, Groupement Sonatrach - Agip is Algeria's national oil company and is currently moving ahead with an aggressive expansion plan across Algeria. A spokesperson for Groupement Sonatrach - Agip, commended Aggreko on its performance during the initial stages of the project. 'We are very pleased to have Aggreko on board with us. Producing over 10,000 BPD of oil per day, Aggreko is powering one of our most remote oil producing stations in the Sahara region,' he said.

                            Algeria, with its burgeoning oil and gas sector, is part of the promising North Africa region that Aggreko is looking explore more fully in the course of 2006.

                            Aggreko powers remote pumping station in Algerian desert

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                            • #15
                              Algeria's state-energy company, Sonatrach, and Canada's First Calgary Petroleums Ltd. found a new crude-oil field in eastern Algeria, part of the North African nation's efforts to increase oil production.

                              Test production from the LES-3 well, in the region of Ledjmet, delivered 12 cubic meters of crude oil and 1,687 cubic meters of natural gas an hour, Algiers-based Sonatrach said on its Web site.

                              Sonatrach and the Calgary-based company made the discovery in an area called block 405b, in the Berkine basin, southeast of Hassi Messaoud, Algeria's largest oilfield. It's the seventh oil and gas discovery this year in Algeria, four of which Sonatrach made alone and three of which were made in partnership with foreign companies, including France's Total SA and Spain's Repsol YPF SA.

                              Algeria, a member of the Organization of Petroleum Exporting Countries, wants to increase oil production to 2 million barrels a day by 2010, from 1.4 million now, to benefit from record oil prices. It holds Africa's second-largest gas reserves, behind Nigeria, and third-largest oil reserves, after Libya and Nigeria....

                              Sonatrach, First Calgary find new oil field in Eastern Algeria

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