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Houthi rebels in Yemen have claimed responsibility for attacks that set two major Saudi Arabian oil facilities ablaze, raising fears for supplies from one of the world’s largest energy producers. The attacks on Abqaiq, a vital oil processing centre south-west of Saudi Aramco’s headquarters in Dhahran, and the Khurais oilfield happened in the early hours of Saturday morning, marking the most successful strike to date on Saudi energy facilities by the Iranian-backed rebels. Pictures and video posted on social media showed large fires at Khurais which lies more than 500km from the Yemen border. The 7m barrel-a-day facility is used to stabilise and upgrade up to 70 per cent of the Opec kingpin’s near 10m barrels a day of oil production.
Saudi Arabia supplies more than 10 per cent of global crude and is the world’s largest exporter of oil. The Saudi interior ministry said the fires had been brought under control by Saudi Aramco’s industrial security unit, but that the scale of the attacks will raise fears that the kingdom’s energy infrastructure is vulnerable to increasingly sophisticated attacks by Iran-aligned Houthi rebels. The four-years war between a Saudi-led coalition and Houthi rebels in Yemen has been described by the UN as the world’s worst man-made humanitarian crisis. It has brought the Saudis into near conflict with regional rival Iran. There has been a surge in attacks on Saudi oil infrastructure and tankers in the Gulf over the summer. the US and Saudi Arabia have blamed Iran and its proxies. Tehran has denied responsibility. In August Houthis launched a drone attack on the Shaybah oilfield and in May they targeted Saudi crude oil pumping stations. Houthi rebels said Saturday’s attacks involved 10…Continue
Posted by Brian Simpson on September 14, 2019 at 6:52
Posted by Brian Simpson on September 11, 2019 at 13:03
Posted by Brian Simpson on May 2, 2018 at 13:45
First oil flows from Equinor’s Mariner field in Scottish North Sea.
The field is expected to produce more than 300 million barrels of oil over the next 30 years, Equinor said on Thursday announcing the startup of the North Sea field.
“The start-up of Mariner, the first Equinor-operated oil field on the UKCS, establishes our foothold in the UK and reinforces our commitment to be a long-term energy partner,” saID Hedda Felin, senior vice president for UK and Ireland Offshore in Equinor.
According to Equinor, the Mariner reservoirs have up to 3 billion barrels of oil in place, a 50% increase on what was originally assumed, and the estimated recovery rate has already been increased by 20 percent. Mariner is expected to produce annual average plateau rates of around 55,000 barrels of oil per day and up to 70,000 barrels of oil per day at peak production.
“By gathering and interpreting new seismic data we have improved our understanding of the reservoirs. This has resulted in fewer and better placed wells and increased resources since the project was sanctioned in 2012. With the significant volumes in place, we see clear potential to further increase the oil recovery from the Mariner field and will proactively seek opportunities to do so through the application of new technology, additional drilling and future tie back opportunities,” said Anders Opedal, executive vice president for Technology, Projects and Drilling in Equinor.
Equinor also noted that…Continue
Posted by Brian Simpson on September 13, 2019 at 12:41
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