LNG

Occidental Petroleum, the Houston-based company with US oil and gas assets and Warren Buffett as a main shareholder as well as owning Algerian oil and associated natural gas stakes pointing at Europe, reported strong third-quarter results.

Sonatrach, the Algerian state energy company and LNG producer, has reported a “significant” oil and associated natural gas discovery with Italy’s Eni in the Zemlet el Arbi concession of the Berkine North Basin in the Algerian desert.