Page 35 - David Gressly News Today

The FSO Safer, which is holding more than a million barrels of oil, has been described as a “time bomb” because it is at risk of causing a major spill, either from leaking, breaking apart or exploding. The commitments were made at a pledging conference in The Hague, co-sponsored by the UN and the Netherlands, ...

CAIRO (AP) -- The United Nations was seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off

RIYADH: Oil rose on Wednesday, following a 9 percent drop over the previous two sessions, on supply concerns as the EU worked on gaining support for a ban on Russian oil and major producers warned they may struggle to fill the gap when demand improves. Brent crude rose $1.42, or 1.4 percent, to $103.88 a barrel at 0232 GMT, while US West Texas Intermediate crude climbed $1.23,

A tanker off the coast of Yemen threatens to spill more than four times the oil of the Exxon Valdez — and cause major disruption to global shipping — if an emergency salvage mission fails. Right now, Global Affairs Canada says it has no plans to help fund the operation.

UN campaigns for funds to offload crude oil cargo from ship.

CAIRO: The United Nations is seeking $144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster. The amount includes $80 million to transfer the more than 1 million barrels of crude oil the FSO Safer is carrying to storage, said David Gressly, the UN

The UN warned on Monday that it would cost $20 billion to clean up an oil spill in the event of the “imminent” break-up of an oil tanker abandoned off Yemen.

We need to work quickly to get the remaining funds to start the four-month operation - Click the link for more details.

"The United Nations will launch a $144 million appeal on Wednesday for an operation to offload a million barrels of crude oil from a tanker stranded off the coast of war-torn Yemen for years which threatens a major environmental disaster."

The United Nations was seeking US$144 million on Wednesday needed to fund the salvage operation of a decaying tanker full of oil moored off the coast of Yemen, a ship whose demise could cause an environmental disaster.