Oil and Gas News from OilGasDaily.Com  
OIL AND GAS
Yemen too violent for energy work
by Daniel J. Graeber
Vienna (UPI) Oct 20, 2016


disclaimer: image is for illustration purposes only

Despite a brief halt to the fighting, the security situation in Yemen is too volatile to return to production, Austrian energy company OMV said.

U.S. Secretary of State John Kerry this week expressed support for a three-day halt to the fighting in Yemen. All warring factions in the country agreed to a proposal offered by a Saudi-led collation and the United Nations to halt fighting as of Wednesday.

"We ask the parties to take all steps necessary to advance the implementation of this cessation, call on them to sustain it, and strongly encourage its unconditional renewal," Kerry said in a statement earlier this week.

A military spokesman told state news agency Saba that, as of Thursday, the truce held, though Yemeni forces were ready to respond to any aggression.

Austrian energy company OMV, a player in Yemeni energy, said early this year a production rebound was possible should the national security situation clear. A spokesperson told UPI the situation there was still uncertain.

"Due to the security situation, OMV has currently no production in Yemen," the spokesperson said Thursday.

Apart from production, Yemeni conflict has presented a concern to international oil shipments because of security risks at the country's port terminals. The Bab el-Mandab shipping channel creates unique risks. Threats to the waterway, through which more than 3 million barrels of oil passes per day, means shippers would have to go around the southern tip of Africa.

Yemen has been mired in some form of civil conflict since at least the Arab Spring uprisings that began in 2010. Its president, Abdrabbuh Mansour Hadi, remains in exile.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
OIL AND GAS
Solid earnings from energy players lift oil prices
New York (UPI) Oct 19, 2016
Upbeat sentiment expressed by some of the largest energy companies in the world helped push crude oil prices into rally mode in early Wednesday trading. "We have seen early signs of markets rebalancing," Andrew Mackenzie, the CEO of Australian energy and mining giant BHP Billiton, said in a statement Wednesday. Most industry forecasts show the market still favors the supply side, ... read more


OIL AND GAS
UNESCO urges Bangladesh to scrap Sundarbans plant

NREL releases new cost and performance data for electricity generation

Strong at the coast, weak in the cities - the German energy-transition patchwork

Europe ups energy security ante

OIL AND GAS
Inspiration from the ocean

New 3D design for mobile microbatteries

Scientists find static 'stripes' of electrical charge in copper-oxide superconductor

A new spin on superconductivity

OIL AND GAS
'Super yeast' has the power to improve economics of biofuels

Unraveling the science behind biomass breakdown

With designer lignin, biofuels researchers reproduced evolutionary path

Engineers transform brewery wastewater into energy storage

OIL AND GAS
Germany approves controversial nuclear waste deal

Anti-nuclear politician's win hurts Japan atomic push

Japan nuclear reactor shuttered for safety work

South Africa's nuclear programme kicked into touch, again

OIL AND GAS
Stanford researchers capture Central Asia's 'de-greening' over millions of years

Global deal reached to phase out super greenhouse gases

World urged to scrap super greenhouse gases at Rwanda summit

Megadrought risks in Southwest soar as atmosphere warms

OIL AND GAS
US judge 'strongly inclined' to back $15 bn VW settlement

Honda to build new China factory

Driverless taxi hits lorry in Singapore trial

Berlin tells Tesla: Stop ads with 'misleading' autopilot term

OIL AND GAS
Iraq forces move to retake Christian town on way to Mosul

Ankara, coalition agree Turkish jets to join Mosul operation: minister

Iraq makes gains in 'difficult' assault on IS-held Mosul

Qayyarah base, the busy back stage of Mosul offensive

OIL AND GAS








The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.