Helios Energy Ltd has announced the advancement of its production restart operations at the Presidio Project in Texas, with significant progress being made in restoring wells and preparing facilities for sustained operation.
West Texas Intermediate (WTI), futures on NYMEX, trades flat around $66.00 during the European trading session on Monday. The Oil price struggles for direction while the European Union (EU) has imposed sanctions on energy exports from Russia, following its three-year long war with Ukraine.
Curious Minds Corner
Can nature really clean up an oil spill using microbes?
Yes, certain naturally occurring bacteria and fungi can consume hydrocarbons, a process called bioremediation used to help mitigate oil spills.