Tag Archives: Statoil

Perspectives of the Algerian Oil & Natural Gas exports’ market


Algeria is one of the top gas supplier to Europe. Its economy is heavily dependent on hydrocarbons exports, and the OPEC member has been struggling to boost production to offset the fall in oil prices.

Algeria’s new energy minister Noureddine Bouterfa has said that Sonatrach foresees an increase in its oil and gas production in the order of 30% by 2020, reported state news agency APS. “Efforts are being deployed in order to reach this objective within the targeted schedule,” he said on July 18 at Hassi Messaoud, the country’s largest oil field. Continue reading Perspectives of the Algerian Oil & Natural Gas exports’ market

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Scotland probably is about to make a decisive investment point turning its declining Oil industry into Largest Floating Wind Farm producer in the World


Some days after Danish energy provider Dong announced it had signed off plans to build the world’s largest offshore wind farm  there are news of another milestone in the UK’s push for renewable energy : The Scottish government has granted consent for the world’s largest floating offshore windfarm to be developed off the coast of Peterhead.  Continue reading Scotland probably is about to make a decisive investment point turning its declining Oil industry into Largest Floating Wind Farm producer in the World