Acquisitions and Divestitures News in Algeria

Wintershall Dea Expands Interest in the Algerian Reggane Nord Gas Project
5/4/2022 - - Agreement to acquire additional 11.25% participating interest from Edison
- Decision is part of plan to grow in Algeria
- Country with major potential for an enhanced energy partnership ...
Eni & Snam Launch Partnership on Gas Pipelines between Algeria & Italy
Eni & Snam Launch Partnership on Gas Pipelines between Algeria & Italy 11/27/2021 - Eni and Snam have entered into an agreement for the sale by Eni to Snam of a 49.9% stake (directly and indirectly owned) in certain companies operating two groups of international gas pipelines connec...
Sonatrach Terminated Interest Held by Sunny Hill in Ain Tsila Field
4/15/2021 - Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Ts...
Sonatrach Terminates the Contract on the Isarene Perimeter Concluded
4/15/2021 - SONATRACH terminated the contract for the exploration and exploitation of hydrocarbons on the Isarene perimeter (blocks 228 and 229a), concluded on September 26, 2004 with the company Petroceltic Inte...
Sonatrach Acquires 19.10% in Medgaz Pipeline
5/30/2020 - SONATRACH announces the completion of a transaction to acquire 19.10% of the shares held by the Spanish company CEPSA Holding in the Company Medgaz. With this major international operation, SONATRACH ...
Algeria to Block Sale of Assets to Total
12/4/2019 - Algeria’s state-owned Sonatrach will block Occidental Petroleum’s (OXY.N) deal to sell Anadarko assets in Algeria to Total, Algeria’s energy minister told state news agency APS. ...
Signing of an Agreement to Sell Cepsa's Shares in Medgaz Pipeline
10/14/2019 - SONATRACH, Cepsa and Naturgy signed an agreement, to sell Cepsa's shares in the Medgaz gas pipeline. ...
Eni Strengthens Its Presence in the Algerian North Berkine Basin
10/29/2018 - The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement today that will see ...
Eni and SONATRACH Strengthen Cooperation in Gas Sector in Algeria
7/18/2018 - The Chairman and General Director of the Algerian state company SONATRACH, Abdelmoumem Ould Kaddour, and the Chief Executive Officer of Eni, Claudio Descalzi, signed an agreement that represents a fur...
Total & Repsol Signed a Contract to Extend the TFT Gas Field License
6/11/2018 - Sonatrach, Total, Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend the exploitation of th...
CEPSA Increases Its Stake in Bir El Msana (Bms) Field in Algeria
4/4/2018 - Cepsa and Petronas have concluded the acquisition process for Cepsa to take over Petronas’ stake in the Bir el Msana (BMS) field in Algeria. Following the acquisition, the Company has increased its wo...
BHP Billiton Extends PSC for The Rhourde Ouled Djemma Unit
7/21/2016 - BHP Billiton, Eni and Sonatrach signed an agreement to extend the production sharing contract (PSC) for the Rhourde Ouled Djemma (ROD) and satellite fields in Blocks 401a/402a for an additional 10 yea...
Petroceltic Interest Transfer to Subsidiary Approved
Petroceltic Interest Transfer to Subsidiary Approved 7/24/2015 - Petroceltic International plc, the oil and gas exploration, development and production company focused on North Africa, the Mediterranean and Black Sea regions is pleased to announce the approval by t...
Dragon Oil in $786m Takeover Talks with Petroceltic
10/6/2014 - The Board of Petroceltic announces that it is in detailed discussions regarding a possible offer to be made by Dragon Oil plc (Dragon Oil) for the issued, and to be issued, share capital of the Compan...
Dragon Oil Awarded Exploration Blocks in Algeria
Dragon Oil Awarded Exploration Blocks in Algeria 10/1/2014 - Dragon Oil in partnership with ENEL Trade S.p.A. ("Enel") has been awarded two exploration blocks ("perimeters") in Algeria, Tinrhert Nord Perimeter and Msari Akabli Perimeter. ...
Statoil & Shell Awarded Timissit Licence in Algeria
Statoil & Shell Awarded Timissit Licence in Algeria 9/30/2014 - The licence is located in southeastern Algeria and covers an area of 2730 square kilometres. Statoil bid in partnership with Shell, where Statoil will be the operator with 30% equity, Shell will hold ...
Algeria Awards 4 Out of 31 Oil, Gas Blocks on Offer
9/30/2014 - Algeria awarded four of 31 oil and gas field blocks on offer to foreign consortiums in its first attempt since a disappointing 2011 bid to draw investors to help offset its stagnate production.
Completion of Algeria Farm-Out Transaction
7/8/2014 - Petroceltic International plc, the independent oil and gas exploration and production company focused on the Middle East, North Africa, Mediterranean and Black Sea regions, is pleased to announce the ...
Eni Granted 3 New Prospection Permits by Sonatrach
6/25/2014 - Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timi...
US DOJ Asked for Information on Algeria
4/24/2014 - The U.S. Department of Justice has asked Italian oil services group Saipem for information on a probe into alleged corruption in Algeria, the group's CFO said. ...

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