Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Written by Paulo Nogueira

Published on 16/01/2024 at 09:09

Abdul-Malik Al-Houthi, líder dos rebeldes do Iêmen que declararam guerra contra os navios dos EUA que cruzam o Mar Vermelho (Foto: Reprodução) – Todos os direitos: EPBR

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Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Recently, the Red Sea region has been the scene of intense clashes, with rising tensions between Houthis rebels and the U.S. The attack on a U.S. ship by the rebels raised further concerns amid the war declared by the group against U.S. vessels.

The situation in the Red Sea is becoming increasingly volatile, with the Houthis putting U.S. ships in their sights and making threats that further escalate the conflicts in the region.

Vessel Hit Amid Rising Tensions

The first target of the missiles was the M/V Gibraltar Eagle, a container ship flagged in the Marshall Islands, owned and operated by an American company, hit this Monday (15/1).

ARTICLE CONTINUES BELOW

Ballistic Missiles in Israel’s ‘Espionage Center’

– The Iranian Revolutionary Guard, which supports the Houthis, claimed to have launched missiles at an ‘espionage center’ in Israel in the autonomous region of Iraqi Kurdistan, killing four civilians.

It also attacked ISIS in Syria, in retaliation for the two suicide bombings that occurred this month.

Oil Prices Fell, Market Activity Reduced

– Despite the rising tensions, the price of oil fell on Monday, with lower market activity due to the Martin Luther King Jr. Day holiday in the U.S.

Brent futures fell 0.2% to US$ 78.15 a barrel. WTI dropped 0.5% to US$ 72.30/barrel.

Growth of Oil and Gas Production in 2023

PPSA Has Record Revenue. Pré-Sal Petróleo (PPSA) raised R$ 6.02 billion in 2023 through the sale of oil and natural gas. This record amount is 28% higher than the R$ 4.71 billion reported in 2022.

The growth was driven by the increase in production in pre-salt sharing contracts and also by the prices of oil in the international market.

Tax Proposal for Oil and Gas in the U.S.

Tax on Oil and Gas in the U.S. The U.S. government proposed a tax on excess methane from major oil and gas producers reporting emissions above 25,000 tons of carbon dioxide equivalent (CO2e) per year at their facilities.

The plan is to implement a gradual charge starting in 2024, taxing excess methane emissions beginning at US$ 900/ton. In 2025, this amount is expected to rise to US$ 1,200, reaching US$ 1,500 in 2026.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Brazil and Italy. G7 and G20 presidents, Italy and Brazil should strengthen relations for the green transition, said Italy’s consul in São Paulo, Domenico Fornara, in an interview.

No Agreement for Itaipu. The presidents of Brazil, Luís Inácio Lula da Silva, and Paraguay, Santiago Peña, discussed the Itaipu power plant tariff during a meeting in Brasília, but there has still been no agreement between the countries.

The Paraguay wants to increase the tariff value, currently at US$ 16.71/KWh, while Brazil seeks to reduce or maintain the price.

Lula stated that he recognizes the Paraguayan demand and that wants a quick solution for the dispute.

Record Financing for Renewable Energy Project

Largest Renewable Loan. BNDES approved the largest loan ever made by the bank for a renewable energy project. It will provide R$ 3.16 billion for the installation of the Babilônia Centro wind complex in Bahia.

The plant has a capacity of 553.5 MW and is between Casa dos Ventos and ArcelorMittal and will cost a total of R$ 4.2 billion.

Legal Decision on Power Cut for Defaulters

15 Days to Cut Electricity. The Superior Court of Justice (STJ) unanimously decided that it is legal to cut off electricity for defaulting consumers 15 days after formal notification by the distributor.

Source: EPBR

Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Vessel Hit Amid Rising Tensions

Ballistic Missiles in Israel’s ‘Espionage Center’

Oil Prices Fell, Market Activity Reduced

Growth of Oil and Gas Production in 2023

Tax Proposal for Oil and Gas in the U.S.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Record Financing for Renewable Energy Project

Legal Decision on Power Cut for Defaulters

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Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

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African country launched a $145 million project to rehabilitate 35 dams and drill deep wells seeking water stored for millennia beneath the desert, a plan that Captain Ibrahim Traoré’s government presents as a path to the country’s water sovereignty.

A 400-meter colossus powered by natural gas has just set sail from Shanghai to Europe, carrying over 24,000 containers. It is the world’s largest dual-fuel container ship and can cross the planet without refueling even once.

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Escalation of War in the Red Sea – Conflict on U.S. Vessels Raises Tensions.

Houthis Rebels Declared War on U.S. Ships in the Red Sea, Threatening Vessels and Impacting the Oil Market. Energy for Defaulting Consumers Will Be Cut After 15 Days.

Vessel Hit Amid Rising Tensions

Ballistic Missiles in Israel’s ‘Espionage Center’

Oil Prices Fell, Market Activity Reduced

Growth of Oil and Gas Production in 2023

Tax Proposal for Oil and Gas in the U.S.

Partnership for Green Transition and Deadlock on Itaipu Tariff

Record Financing for Renewable Energy Project

Legal Decision on Power Cut for Defaulters

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

Without wheels, iron, or machines, teams of up to 32 men would have dragged 2.3-ton blocks over wet sand up a ramp embedded in the pyramid itself, raising the structure in 20 to 27 years, according to a new computer model that reignites a millennia-old debate.

Farmer drills well in Ceará in search of water, accidentally finds crude oil and sees million-dollar discovery hindered by a rule that completely changes the future of the site.

Family finds oil on a 49-hectare site in Ceará, but exploration has no timeline or guarantee of happening

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The largest car carrier ship in the world will unload 7,200 BYD cars at the SC Port in June, but before that, an Italian ship will arrive this Tuesday with another 4,500 vehicles, totaling 11,700 cars, 150 workers, and a 24-hour non-stop operation at the Port of Itajaí.

African country launched a $145 million project to rehabilitate 35 dams and drill deep wells seeking water stored for millennia beneath the desert, a plan that Captain Ibrahim Traoré’s government presents as a path to the country’s water sovereignty.

A 400-meter colossus powered by natural gas has just set sail from Shanghai to Europe, carrying over 24,000 containers. It is the world’s largest dual-fuel container ship and can cross the planet without refueling even once.

The largest highway concession company in Brazil already belongs to an Italian group, and now the railway sector may be next to receive billions in investments from Italy amid the progress of the Mercosur and European Union agreement.

A new study overturns the central idea we learned about planets and suggests that Earth is the exception rather than the rule; most rocky worlds in the galaxy may not have a core or mantle, just a single turbulent fluid extending to the center.