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Norway's Seadrill writes down US$2.9bil on its oil rigs
OSLO: Offshore drilling rig contractor Seadrill said on Thursday it had taken an additional $2.9 billion non-cash impairment on its assets due to a bleak outlook for the sector, which has reduced demand for its drilling rigs.
Steel CEOs see demand surging amid recovery
NEW YORK: Stelco Holdings Inc’s top boss sees a “historic” rebound ahead that’ll drive a surge in steel demand that the already bullish executive didn’t anticipate back in February.
AC Milan edge AS Roma in thriller to keep Serie A title race alive
ROME (Reuters) - AC Milan returned to form with an enthralling 2-1 victory away to AS Roma on Sunday that a restored a four-point gap to Serie A leaders Inter Milan.
Hong Kong schools welcome back pupils as Covid-19 rules eased to allow a third of student population on site
Pupils return as schools given nod to open their doors to a third of studentsHowever, this year’s Territory-wide System Assessment – scheduled for between April and June – is scrapped because of the ongoing pandemic
Mars rover sends home movie of daredevil descent to landing on red planet
LOS ANGELES (Reuters) - NASA scientists on Monday unveiled first-of-a-kind home movies of last week's' daredevil Mars rover landing, vividly showing its supersonic parachute inflation over the red planet and a rocket-powered hovercraft lowering the science lab on wheels to the surface.
Oil jumps almost 4% as output slow to recover from Texas storms
NEW YORK: Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production
Oil prices rise as output in storm-hit US begins slow return
TOKYO, Feb 22 (Reuters): Oil prices rose on Monday as the slow return of US crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the Covid-19 pandemic.
Oil prices rise as output in storm-hit US begins slow return
TOKYO: Oil prices rose on Monday as the slow return of US crude output cut by frigid conditions served as a reminder that the supply situation was tight, just as demand recovers from the depths of the COVID-19 pandemic.
