New Yemeni Premier Demand Reconsideration of LNG Bargain

In a meeting with the general manager of Yemen LNG, Mr. Francois Rafin, the Yemeni prime minister stressed the economic importance of LNG project and the need to employ its revenues to boost the national economy. 

Increase in Yemen's oil revenues and decline in local consumption

An official report said that Yemen's crude oil revenues reached $2.7 billion for the period January through September, 2011; showing a significant increase from $1.9 billion for the same period in 2010.  A recent report issued by Yemen Central Bank shows the bulk of exported oil values is used for purchasing petroleum productions through Aden refinery. 

False energy crisis in Yemen?

The Yemeni president is creating an energy crisis in the country to fend off international pressure to resign, an opposition leader said. Yemeni President Ali Abdullah Saleh has fought pressure to step down for much of the year. He's made repeated pledges to sign a political transition deal brokered by the Gulf Cooperation Council, however.

Aden Refinery to Shut down in Four Days

The Yemeni Oil Minister in the caretaker government warned that Aden refinery will completely shut down in four days due to the cessation of pumping crude oil and the financial difficulties to import from abroad to meet the needs of the local market.

Tribal Men Blow up an Oil Pipeline in Yemen

Armed tribal men blew up the main export pipeline in Marib northeast of Yemen on Friday evening for the second time in weeks. Tens of armed tribal men from Tuaman tribe blew up the main export pipeline in the Sirwah region of Marib province, setting the pipeline to fire, a tribal chieftain told UPI.

Flush with cash, DNO eyes Mideast growth

We have a lot of things on our plate to go ahead and start investing in," Eide said, citing plans to revive sagging production in Yemen and upgrade capacity at its prize Tawke field in Iraqi Kurdistan if and when authorities there resolve a political dispute hampering revenue flows.

TransGlobe Q3 profit rises; cuts FY output forecast

Nov 9 (Reuters) - TransGlobe Energy Corp's quarterly profit rose nearly three-fold, helped by higher production and strong Brent oil prices, but the Canadian oil and gas company cut its full-year production forecast.

Arab turmoil drags down profits at Austria's OMV

VIENNA, Nov 9 (Reuters) - Turmoil in Libya and Yemen ate into earnings at oil and gas group OMV in the third quarter and it was impossible to predict when production will normalise, the Austrian company said on Wednesday.