Sonatrach’s US$100 billion plan to develop Algeria’s oil and gas fields
Sonatrach has announced the investment of US$100bn to increase oil and gas output from 2014-18 in Algeria, besides starting production of shale gas in 2020
E&P
Hyundai Heavy Industries secures US$1.94 billion contract for offshore platform in UAE
South Korea’s Hyundai Heavy Industries has won a US$1.94bn contract from Abu Dhabi Marine Operating Company (ADMA OPCO) to build an offshore oil and gas platform in the UAE capital
QPI and Shell sign cooperation deal for Brazil’s offshore oil project
Qatar Petroleum International (QPI) has signed a memorandum of cooperation with Shell following the purchase of the latter’s 23 per cent of stake in oil project — BC-10 or Parque das Conchas — offshore Brazil for US$1bn
TransGlobe discovers oil in Egyptian concession
TransGlobe has discovered oil in its first exploration well — NWG 1 — on Lower Nukhul located at North West Gharib (NWG) concession in Egypt
Chariot Oil & Gas signs farmout agreement with Woodside for offshore block in Morocco
Chariot Oil & Gas Investments (Morocco) Limited has signed a farmout agreement with Australia’s exploration and production company Woodside for Rabat Deep Offshore licence area
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