Satellite image of the Belize-flagged and UK-owned cargo ship Rubymar, which was attacked by Yemen's Houthis and later sank
Letter from London: IE Week highlights east-west splits
Houthi actions in the Red Sea are compounding the market dislocations stemming from sanctions
International Energy Week (IE Week) in London in February took in a wide range of topics, while once again maintaining a strong focus on the energy transition. And after a number of related industry events were disrupted by climate change protesters in 2023, this year the IE Week organisers sought to head off such disturbances by including protest group members on panels and sessions. But other forms of division also became starkly apparent during the event, as various presentations and speakers demonstrated how a combination of Mideast conflict and ongoing sanctions have effectively split key energy sectors into separate—or at least partially disconnected—markets. The Houthi interdictions i
Also in this section
15 November 2024
With Chevron and AIM-listed Challenger Energy having completed their Uruguayan farm-out deal, Challenger CEO Eytan Uliel updates Petroleum Economist on the firm's progress in the frontier basin
14 November 2024
The country is seeking to secure its position as a major global refiner and meet rising domestic requirements
13 November 2024
IOCs are focused on the next wave of exploration activity in Namibia and are keen to learn from one another’s results
