Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
field@ (Adds details of spill, Husky quote)
CALGARY, Alberta, Aug 16 (Reuters) - Canada's Husky Energy said on Friday it will resume full production at its White Rose field off the coast of Newfoundland & Labrador, which was shut down last year after an oil spill in November 2018.
White Rose production will ramp up to reach full rates of approximately 20,000 barrels per day, net to Husky, by early next week, the company said in a statement. Husky owns 72.5 percent of the field and Suncor Energy owns the remainder.
Last year's spill of 1,572 barrels of oil was the largest ever recorded off the coast of the eastern Canadian province, the regulator Canada-Newfoundland & Labrador Offshore Petroleum Board said.
It was caused by a failed connector on an underwater oil flowline, which came apart during startup operations, a Husky investigation found.
"We regret the spill last year," Husky CEO Rob Peabody said in a statement. "As a result of our investigation, we've enhanced our startup procedures, strengthened equipment and added more barriers to prevent failures."
The company installed a replacement connector with a higher load capacity in July and has submitted an investigation report to the regulator. (Reporting by Shariq Khan in Bengaluru and Nia Williams in Calgary; Editing by Maju Samuel)