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Record US oil and gas production keeps prices under pressure

LONDON, Mar 3 (Reuters): US production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the US Energy Information Administration (EIA) on Thursday.Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after...

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2023 safest yr on record for airlines: IATA

PARIS, Mar 3 (AFP): Last year was the safest ever for commercial air travel, despite a massive rebound in passenger flights, an airline industry group said last week.The only fatal accident of a passenger plane was the crash of an ATR turboprop operated by Nepal's Yeti Airlines during a domestic...

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Philippines' top energy firms partner for $3.3b LNG facility

MANILA, Mar 3 (Reuters): Three top Philippine energy firms have partnered for the first time to form a large-scale integrated liquefied natural gas (LNG) facility, the companies said on Sunday, in a deal two of them valued at $3.3 billion.Aboitiz Power and a subsidiary of Manila Electric (Meralco) agreed to...

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