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Sinopec wins drilling rig contract for Ain Tsila project in Algeria hydrocarbons-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hydrocarbons-technology.com Daily Mail and Mail on Sunday newspapers.
Petrofac secured a contract worth around $1bn to provide engineering, procurement and construction services for the Ain Tsila Development Project. ....
ALGERIA : Sunny Hill seeks out arbitration expert in battle against Sonatrach africaintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africaintelligence.com Daily Mail and Mail on Sunday newspapers.
Algeria rearranges the deckchairs while the ship sinks The country’s latest spat with a foreign investor is likely to be just as self-defeating as previous disputes State-owned Sonatrach took the decision in April to revoke UK independent Sunny Hill Energy’s interest in the highly prospective Ain Tsila gas field on the grounds that Angelo Moskov who controversially took over Irish producer Petroceltic in 2015 and changed its name to Sunny Hill is more interested in a speculative investment than a long-term commitment to Algeria. The issue of compensation will now be decided in the arbitration courts. Unfortunately, however, this is only the latest self-inflicted damage to Algeria’s hydrocarbons sector and the country as a whole. ....