SONATRACH and NATURGY sign an agreement regarding their natural gas sale and purchase contracts

The national hydrocarbon company SONATRACH and the Spanish energy group Naturgy have signed on Thursday, October 6th, 2022 in Algiers an agreement relating to the contracts for the sale and purchase of natural gas between the two companies through the Medgaz pipeline.

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TAQA to acquire Abu Dhabi AlMansoori Petroleum Services

The Industrialization and Energy Services Co., known as TAQA, which is backed by Saudi Arabia Public Investment Fund, has entered a definitive agreement to acquire 100 percent of Abu Dhabi AlMansoori Petroleum Services, according to a statement.

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New gas pipeline linking Spain to France could be operating in 8-9 months

A new gas connection linking Spain and France could be ready to operate within eight or nine months, Spanish Energy Minister Teresa Ribera said on Friday.

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Aramco Agrees to Acquire Valvoline’s Global Products Business

Saudi Aramco announced on Monday the signing of an equity purchase agreement to acquire Valvoline Inc. global products business (“Valvoline Global Products” or “VGP”) for US$2.65 billion.

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Eni confident it will replace Russian gas by 2025

Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow energy supplies to Europe forces countries to seek alternative sources.

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ADNOC Drilling lands $2bn in contracts

ADNOC Drilling has been awarded two substantial contracts totaling $2bn for the Hail and Ghasha development project in the United Arab Emirates (UAE).

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EU Countries Seek Deal on Weakened Plan to Cut Winter Gas Use

Europe faces a further gas squeeze this week, after Russian Gazprom said it would again slash flows through the Nord Stream 1 pipeline

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Sonatrach: Gas supplies to Spain temporarily suspended

The Spanish technical teams are working to carry out the necessary repairs and restore the gas supply to Spain as soon as possible

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