Exxon Signs Gas Exploration Deal With Algeria

Exxon has signed a deal with the Algerian government for exploration at two natural gas fields in the North African country. The supermajor, in partnership with Algeria’s state energy firm Sonatrach, will "study the existing opportunities to develop the hydrocarbon resources in the Ahnet basin and the Gourara basin" in the southern part of the country, the New Arab reported. Details about the amount of the investment were not disclosed by the companies. Information about the potential resources in the two basins was also not disclosed.…