• 3 minutes Is Pete Buttigieg emerging as the most likely challenger to Trump?
  • 5 minutes CoV-19: China, WHO, myth vs fact
  • 8 minutes Question: Why are oil futures so low through 2020?
  • 11 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 8 hours “The era of cheap & abundant energy is long gone. Money supply & debt have grown faster than real economy. Debt saturation is now a real risk, requiring a global scale reset.”"We are now in new era of expensive unconventional energy
  • 40 mins Question - What if there are no buyers for Chevron's Appalachia Assets?
  • 8 mins Blowout videos
  • 10 hours Energy from thin air?
  • 14 hours OIL trades as if the virus is a 1 quarter event. As if it's Containable, Reversible and Temporary. Is it ?
  • 1 day Hey NYC - Mayor De Blasio declares you must say goodbye to fossil fuels. Get ready to freeze your Virtue Signaling butts off.
  • 3 hours Can LNG Kill Oil?
  • 1 day Fast-charging, long-running, bendy energy storage breakthrough
  • 1 day Foxconn cancelled the reopening of their mfg plants scheduled for tomorrow. Rescheduled to March 3rd. . . . if they're lucky.
  • 2 days "For the Public's Interest"
  • 16 hours Coronovairus, Phase One Agreement, Lower for Longer
  • 2 days Cheap natural gas is making it very hard to go green

Algerian Forces Surround Gas Facility after Terrorist Group Takes Hostages

Algerian Forces Surround Gas Facility after Terrorist Group Takes Hostages

At 4.30am local time, armed men infiltrated a facility located in the Ain Amenas gas field in south-eastern Algeria, close to the border with Libya, and took the workers hostage, according to the state run Algerian Press Service.

The attack began when three vehicles of armed men attempted to ambush a bus carrying employees from the site to a nearby airport. The attack was driven off, at which point the group headed towards the facility’s living quarters where the hostages were taken.

Algerian forces have now surrounded the site, which is jointly owned by BP (NYSE:BP), Statoil, and Sonatrach, the state run oil company.

Related Article: Yemen - Oil War to Intensify

An Algerian security official has reported that 41 foreigners have been kidnaped by the gunmen, with a group known as the Katibat Moulathamine, or the Masked Brigade, claiming to a Mauritanian news company that it was responsible for the attack.

The Masked Brigade was established by Moktar Belmoktar, the long-time strongman of al-Qaeda in the Sahara region before he split off to form his own armed Islamist group.

The Masked Brigade have claimed that the attack is in response for Algeria allowing French jets to use its airspace whilst conducting attacks against al-Qaeda linked rebels in neighbouring Mali.

The French president Francois Hollande launched the aerial attacks in a surprise operation aimed at eliminating what he believes are Islamist extremists who pose a threat to the world.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News