October 4, 2022

Shell expects oil price recovery to take several years

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By Ron Bousso, Karolin Schaps and Dmitry Zhdannikov, Reuters From Business Insider LONDON (Reuters) – Royal Dutch Shell expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by […]

Britain’s BG Group gets environmental license for Honduras oil drilling

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From, Global Post Tegucigalpa, Jan 18 (EFE).- Honduras’ government has given Britain’s BG Group a four-year environmental license for an oil and gas block in the country’s Caribbean region. The license grants BG Group the right to carry out exploratory drilling for at least four years off the coast of the jungle region of La […]