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Rigzone Recent News

1. Oil Trades Above $51 as Heightened Risk Appetite Props Up Prices

   Oil rebounded as a risk-on appetite is seen coming back into financial markets.

2. EPA Abandons Changes To US Biofuel Program After Lawmaker Pressure

   The US EPA has backed off a series of proposed changes to the nation's biofuels policy after a massive backlash.

3. Venezuela's Deteriorating Oil Quality Riles Major Refiners

   PDVSA is increasingly delivering poor quality crude oil to major refiners in the United States, India and China.

4. Kemp: US Natural Gas Prices Under Pressure Even As Stocks Tighten

   US natural gas stocks continue to tighten, but most traders appear unconcerned.

5. US Regulator To Monitor Winter Natgas Supply In California, New England

   US energy regulators will pay attention to natural gas supply issues in Southern California and New England this winter.

6. Could Mexico Be the Next Panama Canal for Gas? Drillers Think So

   America's drillers are looking for a cheaper and quicker route.

7. Egypt Calls for Less LNG in Tender as Domestic Gas Boost Looms

   Egypt is paring down its requests for liquefied natural gas.

8. Asian Prices Drop On Wary Buyers And Lackluster Egyptian Demand

   Asian spot LNG prices fell this week.

9. Baker Hughes: US Oil Drillers Cut Rigs For A Third Week In A Row

   The US oil rig count fell for a third week in a row, extending a two-month drilling decline.

10. Oil Barge Explosion Off Texas Kills One, Fire Now Out

    At least one person was killed and another was missing on Friday after an oil barge being pulled by a tug boat caught fire and exploded.