Energy & Hydrocarbons

Oil, gas, petrochemicals, Sonatrach, and energy sector developments

Showing 313–324 of 2,973 articles
Energy & Hydrocarbons
AL24 | الاقتصاد

Delcy Rodríguez: The energy agreement with the United States will remain in effect for 25 years

The interim Venezuelan president, Delcy Rodríguez, stated that the energy agreement with the United States will remain in effect for 25 years, aiming to increase crude oil production to 1.5 million barrels per day and maintain the country's sovereignty over its natural resources. Rodríguez praised the agreement in a speech delivered late last night, describing it as a 'historic' agreement that will help revive the economy, increase government revenues, and shape the country's future. Rodríguez said on the state channel VTV, 'This bilateral project, which extends for 25 years, includes a vision for the development of 17 strategic oil fields with the aim of producing more than 1.5 million barrels per day.'

Aug 30, 2026al24news.dz
Energy & Hydrocarbons
AL24 | الاقتصاد

Trump Announces Major Oil Deal with Venezuela

U.S. President Donald Trump announced an agreement with Venezuela that allows his country to control over 65 billion barrels of proven oil reserves in Venezuela. Trump wrote on Truth Social yesterday, 'At my direction, Secretary of State Marco Rubio and Secretary of Defense Pete Hegseth, in close cooperation with the esteemed interim President of Venezuela, Delcy Rodríguez, and through a partnership with private companies, have secured a controlling American majority over more than 65 billion barrels of proven oil reserves in Venezuela, at no cost to American taxpayers.' He did not provide additional details about the agreement. For her part, interim President of Venezuela, Delcy Rodríguez, welcomed...

Aug 29, 2026al24news.dz
Energy & Hydrocarbons
SONATRACH and the Chinese Anton Group sign a memorandum of understanding to enhance cooperation in the oil and gas sector

SONATRACH and the Chinese Anton Group sign a memorandum of understanding to enhance cooperation in the oil and gas sector

SONATRACH and the Chinese Anton Group for oil field technology signed a memorandum of understanding today, Saturday, in Beijing (China), aimed at exploring cooperation opportunities in the oil and gas sector and related services, according to a statement from SONATRACH. The protocol was signed during a ceremony organized on the sidelines of the visit by the CEO of SONATRACH, Nourredine Daoudi, to China, accompanied by a high-level delegation.

Aug 29, 2026radioalgerie.dz
Energy & Hydrocarbons
Oil: Brent crude at $89.70 per barrel

Oil: Brent crude at $89.70 per barrel

Oil prices rose by more than 2 percent at settlement yesterday, ending a three-session losing streak. Brent crude futures climbed $1.86 or 2.1 percent to $89.70 per barrel. U.S. West Texas Intermediate crude futures increased $1.30, or 1.6 percent, to $83.53 per barrel.

Aug 28, 2026radioalgerie.dz
Energy & Hydrocarbons
Global demand for natural gas reached a record level in 2025

Global demand for natural gas reached a record level in 2025

Global demand for natural gas rose to a record level of 4.202 billion cubic meters in 2025, (+1.7 percent year-on-year), equivalent to 69 billion cubic meters, according to the Global Gas Report 2026 released today, Wednesday, by the International Gas Union, which highlighted that gas will continue to play a pivotal role in the global energy system. The report explained that the rise …

Aug 26, 2026al24news.dz