PARIS, April 23 (Reuters) - French oil services provider Technip reported a 34.9 percent rise in first-quarter adjusted core profits on Thursday and tweaked its forecasts for 2015 as its subsea division was seen outperforming and its onshore/offshore unit lagging.
(Thu, 23 Apr 2015) While Yemen is not a major oil-producing country, its coast borders the Bab el-Mandeb Strait, a narrow chokepoint between the Horn of Africa and the Middle East. This strait is a strategic route for Persian Gulf oil, natural gas, and petroleum product shipments to Europe and North America, as well as European and North African oil exports to Asia.
Wednesday was supposedly natural gas day at IHS CERAWeek, but oil topics still leaked into some of the discussions and there was an announcement from a coal company.
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