Latam Energy Advisors, Mexico City, Brazil, Colombia
· Yemen to halt oil production – Negative for TOTAL, DNO and OMV. Government ordered state oil
companies Safer and PetroMasila to halt oil production after militant Houthi
Shiite rebels seized the presidential palace. This could impact the
country’s 160kbbl/d of oil and 6.7mmtpa LNG exports. PetroMasila said it
will comply, impacting production from its Block 14 and the 70kbbl/d export
line hitting TOTAL's Block 10, DNO and Nexen. A stoppage from Safer that
operates Block 18 and related export pipeline would hit 80kbbl/d and TOTAL's
LNG feedstock – OMV that uses the export pipe said that production wasn’t
interrupted but Kuwait Energy said it intended to shut-in.
Source: TPH
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