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Rigzone Recent News

1. Crude Oil Misses Milestone

   Both the WTI and Brent contracts faltered Thursday.

2. $2.1B Deal Lets Murphy Focus on One Hemisphere

   Murphy Oil will sell its main Malaysia subsidiaries to PTTEP.

3. Medco Raises Offer for Ophir Takeover

   Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.

4. Venezuelan Oil Shipments to US Skid to a Halt on Sanctions

   American refiners looking to replace the lost Venezuelan oil aren't likely to find any solace from OPEC.

5. Offshore Jackets and Topsides Contract Goes to McDermott

   The work is expected to take 34 months to complete.

6. Gulf of Mexico Lease Sale 252 Saw $244.3MM in High Bids

   Thirty companies participated and submitted almost $284 million in all bids for acreage in the federal waters of the Gulf of Mexico.

7. Aker BP Makes New Discovery

   Aker BP has made a discovery at the Froskelar Main exploration well.

8. Texas Posts 15,000+ Industry Jobs During Jan-Feb

   From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.

9. Oil Stays Above $60

   Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

10. Oil Price Clears $60-mark

    Both the WTI and Brent contract prices finished the day higher.