Reuters Algeria’s Sonatrach will drill 290 wells in 2017 in comparison with 265 in 2016, the head of the oil and gas giant’s drilling division said late on Friday. OPEC member Algeria has seen a slow rise in energy output this year after years of energy stagnation, helped in part by increased production at existing fields like Hassi Messaoud ...

  Bloomberg India’s biggest oil and gas producer will pay as much as $1.2 billion to buy a majority stake in a gas field off the country’s east coast, aiming to boost production as the country seeks to cut energy imports. State-owned Oil and Natural Gas Corp. Ltd.’s board approved the purchase of an 80 percent stake in Gujarat State ...

  Bloomberg Turkey’s Energy Ministry met major power producers to ask them to voluntarily lower electricity market rates or face price caps, according to two people with knowledge of the matter. The meeting came after electricity for immediate delivery in the so-called spot market soared to a record on Wednesday as a natural gas shortage coincided with unusually cold weather, ...