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Rigzone Recent 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. US crude oil stockpiles fell unexpectedly last week as imports dropped and refining rates jumped.
  4. Iran has sharply reduced its gasoline imports in recent weeks after starting up a new refinery, trade sources say.
  5. Canada's Brookfield Asset Management Inc is preparing a $1.6 billion local bond sale in Brazil.
  6. PTTEP is looking closer to home for upstream oil and gas assets in a drive to boost its reserves and production as oil prices have recovered.
  7. EU lawmakers backed draft rules to extend the bloc's internal energy market laws to offshore gas pipelines.
  8. Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast.
  9. Peter G. Peterson, co-founder of the private-equity firm Blackstone Group LP, has died.
  10. The world's most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume.