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Business 25 Feb 2021 | 7:00 AM

CNOOC announces new oil and gas find

SHANGHAI: China National Offshore Oil Corp (CNOOC), one of the country’s top three oil and gas producers, says its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million tonnes of oil and gas equivalent, making it one of biggest crude oil production bases in the country.

Business 24 Feb 2021 | 7:00 AM

Pimco gets burned as Just Energy craters after Texas loss

NEW YORK: Canadian energy retailer Just Energy Group Inc revealed a big loss from the Texas crisis and said it may have trouble continuing as a going concern after last week’s freezing weather cost it about US$250mil.