Riyadh: No major damage to oil tanker after Yemeni attack by Daniel J. Graeber Washington (UPI) Apr 4, 2018 An oil tanker moving through the Red Sea suffered only minor damage after it was attacked by Houthi rebels in Yemen, the Saudi government said. Col. Turku al-Maliki, spokesman for the Saudi-led coalition in Yemen, said on Twitter that naval forces were able to thwart a major escalation after Houthi rebels targeted a Saudi oil tanker. Speaking through the official Saudi Press Agency, the spokesman said the attack was in international waters and a flagrant violation to maritime rules in the Red Sea. Coalition forces would take all necessary steps to ensure navigation through the region was secured. A Saudi-led operation, Decisive Storm, aims to dislodge Houthis from power in Yemen. The Houthi rebel group has support from Tehran, pushing the conflict into a proxy war between Iran, a Shiite power and Saudi Arabia, a Sunni kingdom. The government in Riyadh said missiles fired by Houthis struck several targets in Saudi Arabia in late March. The conflict has added a geopolitical risk premium to the price of oil, though that risk has been factored in so far in April. Even with the recent attack, crude oil prices are down sharply in Wednesday trading. Yemen is not a major oil producer, though more than 3 million barrels of oil per day passes through its Bab el-Mandab shipping channel. A spokesperson for Austrian energy company OMV confirmed to UPI that it was monitoring the situation in Yemen. The company is assessing the conflict, but it's made no decision on whether or not to return to production so far. OMV declared force majeure on production and contracts in Yemen in 2015 because of the deterioration in security, but said it could return to work quickly if the situation improved. Force majeure is a contractual condition related to circumstances beyond the control of the parties involved.
More than $1 billion on contracts awarded offshore Norway Washington (UPI) Apr 3, 2018 More than $1.5 billion in contracts for drilling services were awarded to companies for work in Norwegian waters, energy major Statoil said. The company said Tuesday it awarded contracts to energy services companies for work ranging from maintenance to drilling on 18 of Statoil's fixed platforms on the Norwegian continental shelf. Drilling services company Archer Ltd. received the bulk of the four-year contracts for work offshore Norway. Combined, Archer took in about half of the total c ... read more
|
|
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. |