Zenith strikes deal for OMVโs Yemeni assets, share price jumps
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
Zenith said there were near-term growth opportunities. This would involve infill drilling and sidetracks for six new wells, boosting output to 15,000 bpd.
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
The appeal to raise $80 million to prevent an oil slick disaster off Yemen has come a little closer following a $1.2mn donation from HSA Group.
The UK will provide another ยฃ2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
The United Nations has begun securing funding commitments to tackle the dangers posed by the FSO Safer, offshore Yemen.
Yemenโs Houthi rebel leader on Saturday announced a three-day halt to hostilities after an escalation of missile, drone and ground attacks on Saudi Arabia over the past week, the rebel-run Al-Masirah TV reported.
Saudi Aramco will increase spending and issue bonus shares as oilโs surge to more than $100 a barrel bolsters the companyโs plan to boost production.
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has struck deals with Apache and Yemen, while backing plans for an Egyptian company to pursue petrochemical works in Nigeria.
President Joe Biden spoke on Wednesday with King Salman of Saudi Arabia about ensuring stable energy prices as well as Mideast security, in light of recent attacks by Yemeni rebels, and the status of talks over Tehranโs nuclear program.
Greenpeace has called for the FSO Safer to be isolated with a boom as a short-term measure to prevent an ecological disaster.
The United Arab Emirates has destroyed two ballistic missiles launched from Yemen this morning.
Two explosions have occurred in Abu Dhabi, close to the capital, in what is rumoured to be a terrorist attack.
The FSO Safer poses both a local environmental threat but also a major pitfall for shipping through the critical Red Sea and Suez Canal.
Yemenโs Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital Friday using six bomb-laden drones, stepping up their offensive on the kingdomโs energy and security installations.
Yemenโs Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdomโs energy and security installations multiply.
The U.S. has classified Yemenโs Houthis as a foreign terrorist organization following a series of attacks on oil tankers in the Red Sea and as Washington seeks to increase pressure on Iran in the final days of Donald Trumpโs presidency.
Saudi Arabian authorities have closed the Port of Jeddah following an explosion at the main tanker anchorage.
Yemeni authorities have agreed to allow a United Nations expert mission to the FSO Safer, with the expectation that this will take place early in 2021.
Saudi Arabia has confirmed a missile attack on a fuel tank in the city of Jeddah, claimed by Houthi rebels in Yemen.
Saudi Arabia has written to the United Nations Security Council warning of an โoil spotโ has been detected offshore Yemen.
The United Nations Security Council will discuss the outlook for the Safer tanker, a floating oil storage vessel off Yemen in a state of disrepair.
Yemenโs Houthi rebels say theyโve sent a maintenance team to repair an ageing oil tanker laden with more than 1 million barrels that the United Nations and environmental groups see as a threat to marine life in the Red Sea.
Yemenโs Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.
Iran has said this month's missile-and-drone attack by Yemen's rebels on major Saudi oil sites was an act of "legitimate defence" by the Iran-allied Houthis.
Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the U.S. has blamed on Iran.