Yemen

Total is quietly selling off its last ‘production asset’ in Yemen, four years after conflict halted operations. Could its $4.5bn LNG plant be next?

Talks were held in Sweden this week between representatives from Yemen’s Saudi-backed government and the Houthi rebels. These touched...

The Malta-flagged ‘Santa Marina’ arrived at China’s Lanshan Port on 19 September carrying just under 2mn barrels of crude...

In late July the 'Ambelos' left Yemen's Bir Ali terminal with crude from OMV-operated Habban field on Block S2...

OMV became the first IOC to restart production in Yemen in April. The risky return has begun to pay off, with exports resuming from the firm's Habban field.

As rhetoric heats up, the Strait of Hormuz chokepoint is attracting concern that regional oil exports could be shut off. Riyadh’s ‘Plan B’ relies on the Bab al-Mandeb strait where Yemen’s Houthis this week attacked Aramco tankers. Egypt’s Suez Canal revenue is also threatened.

Austrian firm OMV is currently testing wellheads at its Block S2 in Yemen’s central Shabwa basin, CEO Rainer Seele...

Undeterred by the ongoing conflict, OMV has restarted production at its Habban field in the Shabwa basin in the...

Upstream return looks optimistic given lack of access to export outlets.

With Salih dead and UAE-backed forces attacking Aden, Yemen is ungovernable. The harder Saudi Arabia pushes for military victory, the more it jeopardizes a settlement.