|
. | . |
|
by Daniel J. Graeber Oslo, Norway (UPI) Mar 31, 2015
Norwegian energy company DNO announced Tuesday it stopped work in Yemen because of the tense security situation in the country. The company said it suspended operations in Yemen entirely. Prior to the announcement, the company said it was producing around 1,950 barrels of oil per day from two reserve interests in the country. Saudi Arabia last week announced it was leading military operations, dubbed Decisive Storm, with its Arab allies "in order to defend the legitimate government in Yemen and prevent the Houthi militias from controlling the country by force." The Houthi militia, a Shiite group, has in recent weeks put pressure on the administration of President Abd Rabbuh Mansur Hadi. U.S. forces are providing assistance to their Saudi counterparts . The Houthi uprising escalated last year in Yemen. In November, DNO declared force majeure in Yemen, meaning it was freed from contractual obligations because of circumstances beyond its control, out of security concerns. "The company continues to monitor the situation closely and has initiated plans to secure its facilities and remove non-essential staff," the company said in its latest statement. "All expatriates were previously relocated to Dubai." A September brief from the U.S. government finds Yemeni oil production has been in a steady state of decline since 2001 because of the lack of national security and the natural decline of oil and gas fields. Though the country is not a major producer, the Bab el-Mandab shipping channel makes Yemen a strategically significant country. More than 3 million barrels of oil per day passes through the channel at full capacity.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - 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. 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. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service. |