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Baytex Energy Corp T.BTE

Alternate Symbol(s):  BTE

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.


TSX:BTE - Post by User

Post by Duster340on Dec 19, 2023 8:42am
148 Views
Post# 35791294

US announces 10-nation force to counter Houthi attacks

US announces 10-nation force to counter Houthi attacks

The United States has announced the launch of a multinational force to protect trade in the Red Sea after attacks by Yemen’s Houthi rebels forced at least a dozen shipping lines to suspend operations.

US Defense Secretary Lloyd Austin said on Monday that Bahrain, Canada, France, Italy, the Seychelles and the United Kingdom would be among the countries joining the 10-nation “multinational security initiative”.

“Countries that seek to uphold the foundational principle of freedom of navigation must come together to tackle the challenge posed by this non-state actor,” Austin said in a statement, describing the attacks as an issue that “demands collective action”.

The announcement comes after the US and UK navies said over the weekend that their destroyers had shot down a total of 15 drones in the waterway.
 

More countries to be included

The coalition might also include Egypt and Jordan as additional Arab nations to Bahrain, as they have a vested interest in ensuring the safe passage of ships, said Al Jazeera’s Sara Khairat, reporting from occupied East Jerusalem.

“It is still not clear whether they will join the fold later. Egypt and Jordan, as well as some of the GCC [Gulf Cooperation Council] countries, including Saudi Arabia, are part of the Combined Maritime Forces, which the coalition will be under the umbrella of,” Khairat reported.

“Reading between the lines, it’s a very difficult situation for some of these Middle Eastern countries. You have Saudi Arabia, which is very close, it seems, to signing a deal with the Houthi rebels in Yemen,” she added.

“You have Egypt, which doesn’t want to be seen as going against the Houthis’ message on Gaza – which is for Israel to stop the war on the enclave.”

US Secretary of State Antony Blinken held a call with Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Saud on Monday on the issue, discussing the ways to avoid further conflict.

Blinken “condemned continued attacks by the Houthis on commercial vessels operating in international waters in the southern Red Sea and urged cooperation among all partners to uphold maritime security”, the US Department of State said in a statement after the call.

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