News / International
Ras Laffan 3 fires up production from LNG Train 6 in Qatar
Ras Laffan Liquefied Natural Gas Company Limited (3) (Ras Laffan 3) announced the completion and start-up of Train 6 at Ras Laffan Industrial City, Qatar. The project is a joint venture of Qatar Petroleum (70 percent interest) and ExxonMobil Ras Laffan (III) Limited (30 percent interest) and represents an expansion of the existing LNG production facilities operated by RasGas Company Limited. Iran’s Minister of Oil says Iran will not lower Crude Price
Iran's Minister of Oil, Gholam-Hossein Nozari, said that Iran will not lower its crude price, the official IRNA news agency reported. OPEC Oil Prices continue to rebound
The average OPEC oil prices last week increased US $1.94 to US $67.66 per barrel, the Vienna-based cartel said. Gulf Keystone Completes Placing to Fund Exploration in Kurdistan Region
Gulf Keystone has completed a placing of 75,600,000 new common shares of $0.01 at a placing price of 9p per share raising gross proceeds of approximately £6.8 million ($11.30 million). These shares were placed by the Company and brokers Equest Partners Limited with existing and new shareholders. Canada and Libya sign MoU to cooperate in Nuclear Energy
Canada has signed a memorandum of understanding (MoU) with Libya for cooperation in the peaceful use of nuclear energy. Oil firms see big fall in profits
Royal Dutch Shell and Exxon Mobil have both reported a big fall in quarterly profits, due to the sharp decline in oil prices since mid-2008. BP eyes big Algeria spend
BP plans to invest $2 billion over the next five years in the oil and gas projects it operates in Algeria if it gets favourable terms from the government. Tethys Oil: the Tafejjart-1 exploration well onshore Morocco concluded
The Tafejjart-1 well (TAJ-1) in the Bouanane licence, onshore Morocco, has been concluded at a depth of 3,274 metres (measured depth below ground level). 
