Catastrophic damage to power lines and communications outages on Monday weighed on U.S. Gulf Coast refineries' post-Hurricane Laura assessments and on offshore oil and gas production.Energy companies continued to inspect and restart offshore…
Oil rose towards $46 a barrel on Wednesday, near the highest since March, lifted by U.S. producers shutting most of their offshore Gulf of Mexico output ahead of Hurricane Laura and a report showing a drop in U.S. crude inventories.Renewed worries over the COVID-19 pandemic…
Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices, a company spokesman said on Wednesday.The group plans to cut employee numbers in those countries…
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