News / International
Oil price hits seven-month peak above 68 dollars
Crude oil prices soared on Monday, rising above 68 dollars a barrel for the first time for seven months, boosted by higher Chinese output, a weak US currency and rising equity markets, traders said. Morocco: San Leon Energy awarded oil shale exploration project
San Leon Energy Plc has announced that it has signed an agreement with ONHYM to employ proprietary In-Situ Vapour Extraction (IVE) technology over the 6,000 km2 (1,482,626 acres) Tarfaya Oil Shale project. The agreement was signed with Mrs Amina Benkhadra, General Director of ONHYM and Moroccan Minister of Energy, Mines, Water, and Environment. Petrobras sinks Libyan wildcat
Petrobras has spudded the A1-18/01 wildcat well in Area 18 off Libya according to joint venture partner Oil Search. Yemen to inaugurate first LNG plant
Yemen will inaugurate its first liquefied natural gas plant next month and begin exporting in August with the first shipment destined for South Korea, the oil minister said. ‘No need’ for fresh Opec cuts
Saudi Oil Minister Ali Naimi does not see any need for Opec to cut output at tomorrow's Vienna meeting, adding he believes oil inventories will shrink as global demand rises, with the increase in consumption driven by emerging economies. Emerald Energy Provides Syria Operations Update
Emerald Energy Plc provides the following update on operations in Block 26, Syria. Kuwait LNG terminal set to open
Opec oil-exporter Kuwait expects its first liquefied natural gas (LNG) import terminal to begin commercial operations by August, a Kuwait Oil Company (KOC) official said. Thailand’s LNG terminal to meet country’s growing energy needs
As part of its growing energy needs, Thailand is investing in the construction of a liquefied natural gas (LNG) receiving terminal with an initial capacity of five million metric tonnes a year which is expected to be completed in 2011. 
