Company News - Statoil buys into BP's stake in Algerian natural gas

Multinational oil and gas companies have negotiated major international deals recently, including a transaction that marks Statoil ASA's entry into Algeria.Statoil ASA agreed to buy 49% of BP PLC's interest in the In Salah natural gas fields and 50% of BP's interest in the In Amenas gas development project, both in Algeria, for $740 million total.In addition, Statoil and BP agreed to work with Algerian state oil and gas company Sonatrach to jointly operate the two projects, aimed at delivering gas to the European markets. In other upstream news:• BP PLC and the Alfa Group and Access-Renova (AAR) have signed a sale and purchase agreement, moving them closer to finalizing t...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected