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Algeria suspends all Boeing 737 MAX 8 and 9 flights: Ennahar TV

6 days ago DieselGasoil Comments Off on Algeria suspends all Boeing 737 MAX 8 and 9 flights: Ennahar TV
FILE PHOTO: An Air Canada Boeing 737 MAX 8 aircraft is seen on the ground at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. REUTERS/Chris Helgren CAIRO (Reuters) – Algeria’s civil aviation authority has suspended all flight operations of Boeing 737 MAX 8 and 9 planes as a precautionary measure following the Read More

OPEC+ affirms commitment to oil cuts, defers decision to extend

6 days ago DieselGasoil Comments Off on OPEC+ affirms commitment to oil cuts, defers decision to extend
By Dina Khrennikova, Zulfugar Agayev and Annmarie Hordern on 3/18/2019 Photo: Rusiian Energy Minister Alexander Novak. BAKU (Bloomberg) — Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most Read More

Russia & Egypt seal $2 billion deal for supply of Su-35 fighter jets

7 days ago DieselGasoil Comments Off on Russia & Egypt seal $2 billion deal for supply of Su-35 fighter jets
Cairo and Moscow have signed a $2 billion dollar contract for the purchase of more than 20 Russian Su-35 multi-role air-defense fighters and air-launched weapons. The deal was enacted as early as the end of 2018 with delivery expected to start in 2020-2021, according to two unnamed top executives in the Russian defense sector, as Read More

Algeria's crisis clouds the future for OPEC oil cuts

1 week ago DieselGasoil Comments Off on Algeria's crisis clouds the future for OPEC oil cuts
By Julian Lee on 3/17/2019 WASHINGTON, D.C. (Bloomberg Opinion) — Meet the exclusive group of oil producers that nobody wants to join. Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the “Shaky Read More

Petrofac awarded $1-billion EPC project in Algeria

1 week ago DieselGasoil Comments Off on Petrofac awarded $1-billion EPC project in Algeria
3/14/2019 ST. HELIER — Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 km southeast of Algiers, the Ain Tsila field will produce gas, LPG and Condensate, for the Read More

Hate and fear as people emerge from Islamic State's weakening grip

3 weeks ago DieselGasoil Comments Off on Hate and fear as people emerge from Islamic State's weakening grip
By Alex Rossi, Middle East correspondent Looking dazed and traumatised, they are brought to safety in the back of a pick up truck. They blink gently in the winter sun, their eyes and faces masked by the grime of the desert. It is the first taste they have of freedom in years – 11 Yazidi Read More

President’s double: Eccentric businessman hatches bold plan to skirt law & lead Algeria

3 weeks ago DieselGasoil Comments Off on President’s double: Eccentric businessman hatches bold plan to skirt law & lead Algeria
Denied a shot at the Algerian presidency thanks to a law banning candidates who have held dual citizenship, businessman Rachid Nekkaz has come up with a brazen plan to secure himself the top job anyway – using his namesake cousin. After weeks of traveling around Algeria collecting the 60,000 voter signatures necessary to make him Read More

ADES completes acquisition of operations from Weatherford in Algeria

3 weeks ago DieselGasoil Comments Off on ADES completes acquisition of operations from Weatherford in Algeria
2/28/2019 Photo: Drilling rig in Middle East desert. LONDON and DUBAI — ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has completed the acquisition of four contracted onshore rigs from Weatherford International plc in Algeria. The Read More

Gas guru who corrected CIA says U.S., Russia pick wrong fight

1 month ago DieselGasoil Comments Off on Gas guru who corrected CIA says U.S., Russia pick wrong fight
By Jonathan Tirone on 2/18/2019 Nebojsa Nakicenovic. Photo: IIAC. VIENNA (Bloomberg) — The scientist who built the most prominent Cold War energy advisory said the U.S. and Russia should set aside their fight over natural gas markets and focus on slashing fossil fuel pollution more quickly. Nebojsa Nakicenovic helped set the stage for the global gas Read More

KCA Deutag awarded drilling contracts in Middle East, Russia and Africa

1 month ago DieselGasoil Comments Off on KCA Deutag awarded drilling contracts in Middle East, Russia and Africa
2/18/2019 Photo: KCA Deutag. ABERDEENSHIRE — Global drilling and engineering contractor KCA Deutag has announced that its land drilling operation has won new contracts and contract extensions worth approximately $110 million. These contracts are for onshore drilling in the Middle East, Russia and Africa. Middle East In the Middle East, KCAD has been successful in Read More