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Volkswagen Group and SOVAC to produce vehicles in Algeria

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The Volkswagen Group has signed a contract for vehicle assembly in Algeria through a joint venture with SOVAC S.P.A., The dealership network of the Volkswagen Group in Algeria includes more than 100 facilities with 1,650 employees. Volkswagen’s sales partner in the region. From the spring of 2017, the joint venture company SOVAC Production S.P.A. will produce selected Group models.

New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Algeria, Argentina, and Mexico), providing significantly more data for the 2013 study, EIA said. More than half of the identified shale oil resources outside the United States are concentrated in four countries—Russia, China, Argentina and Libya—while more than half of the non-US shale gas resources are concentrated in five countries: China, Argentina, Algeria, Canada, and Mexico. Map of basins with assessed shale oil and shale gas formations, as of May 2013.

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Dow to invest in water desalination and reuse technologies in Saudi Arabia

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FILMTEC membranes from Dow Water & Process Solutions are used in some of the most water-challenged areas of the world, including the Kingdom of Saudi Arabia, the United Arab Emirates, and Algeria. The Dow Chemical Company plans to invest in a best-in-class manufacturing facility for Dow FILMTEC reverse osmosis (RO) elements in the Kingdom of Saudi Arabia.

Global Gas Prices | Hybrid Sales

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Algeria. sales of hybrid SUVs and other fuel efficient vehicles will prove interesting to watch this year, especially if fuel prices remain relatively low. Expert predictions about where oil and gas prices are headed vary widely.

OPEC’s Output Freeze: What Has Changed Since Doha?

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The official chatter is that the OPEC meeting in Algeria from September 26 to 28 could conclude with an agreement to freeze production by the member nations, with even Russia joining forces in a freeze that may prevent further oil price erosion. What has changed from Doha to Algeria?

Sonangol, Maersk Oil and partners strike oil with their first deepwater pre-salt well offshore Angola

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Maersk Oil is an international oil and gas company with operated production of about 650,000 barrels of oil equivalent per day offshore Denmark, UK and Qatar, as well as onshore Kazakhstan and Algeria. Sociedade Nacional de Combustíveis de Angola Empresa Pública (Sonangol, E.P.), Maersk Oil and other partners declared the Azul-1 deepwater exploration well, located in Block 23 in the Kwanza Basin, a discovery well.

Opinion: How Much Longer Can OPEC Hold Out?

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One faction that is being led by Saudi Arabia wants to maintain and even increase its production levels while the other faction consisting of Venezuela, Nigeria, Iran, Iraq and Algeria requires just the opposite for safeguarding their national interests. by Gaurav Agnihotri for Oilprice.com.

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. by Dalan McEndree for Oilprice.com.

Europe moves forward on the Energy Union; transport key element

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Further, the Commission will work with Member States to develop access to alternative suppliers, including from the Southern Gas Corridor route, the Mediterranean and Algeria, in order to decrease existing dependencies on individual suppliers. The European Commission has adopted the European Energy Union package —a framework strategy for a resilient energy union with a forward-looking climate change policy. As a next step, the Commission will present it to the EU institutions.

Study reports non-US global shale gas recoverable resources of 5,760 Tcf; global shale gas boosts total recoverable natural gas resources by 40%

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In addition to the United States, this group includes Canada, Mexico, China, Australia, Libya, Algeria, Argentina, and Brazil. Map of 48 major shale gas basins in 32 countries. Source: EIA. Click to enlarge. Initial assessments of 48 shale gas basins containing almost 70 shale gas formations in 32 countries suggest that shale gas resources, which have recently provided a major boost to US natural gas production, are also available in other world regions.

Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has aligned Russia with OPEC’s have-nots—the members lacking financial resources to withstand low crude prices for an extended period and that have objected to Saudi policies (Iran, Iraq, Angola, Nigeria, Libya, Algeria, Ecuador, and Venezuela)—against the haves (Saudi Arabia, Kuwait, the UAE, and Qatar). by Dalan McEndree for Oilprice.com.