UN forced to deal with massive decom disaster

UN forced to deal with massive decom disaster

About US$20 billion to protect Suez Canal with 1.1MMbbl oil spill "time bomb."

On the Record

11 APRIL 2022
Oil prices force another junior out of the US

Oil prices force another junior out of the US

Suspended Petsec pinning hopes on Yemen after move out out of GOM 

M&A

06 AUGUST 2020
Petsec  completes delayed farm-in

Petsec  completes delayed farm-in

Junior finally achieves 100% control over Yemen's Block 7

Middle East

19 MARCH 2018
Petsec pauses production push

Petsec pauses production push

Year-end Yemen return unlikely while key government decisions remain in limbo.

Middle East

03 AUGUST 2017
A little luck needed: Fern

A little luck needed: Fern

Petsec chairman says the company could generate $32.5M in income from Yemen and the US next year.

Production

12 MAY 2017
Petsec to get trucking

Petsec to get trucking

Petsec tells Energy News trucking plans are vital if it is to start oil production in Yemen.

Production

14 MARCH 2017