Where Service is Paramount!

Rigzone Industry News

The latest upstream oil and gas news from around the world.
  1. Oil climbed to the highest level in six weeks.
  2. Oil and gas drillers bid on only a tiny fraction of Gulf of Mexico acreage offered in the largest lease sale in American history.
  3. Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.
  4. Peter G. Peterson, co-founder of the private-equity firm Blackstone Group LP, has died.
  5. Oil prices climbed to their highest level in 3 weeks as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing US crude production.