As oil nears $100 a barrel, U.S. drillers get busy in costly shale basins

This post was originally published on this siteDENVER, Feb 8 (Reuters) – As U.S. oil rises toward $100 a barrel, producers in some high-cost shale basins are buying properties and adding rigs and frack crews in places that fell silent when prices crashed early in the pandemic two years ago. Benchmark U.S. prices last week

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Russia may use field hit by U.S. sanctions for gas exports to China

This post was originally published on this siteMOSCOW, Feb 8 (Reuters) – Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday. Russia, already Beijing’s No. 3 gas supplier, has been strengthening

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