West Texas Intermediate (WTI) crude oil for March delivery gained 47 cents to reach $56.06 per barrel during an abbreviated session Monday.
Noble Corp. plc has exercised an option to purchase a second newbuild jackup from PaxOcean Group to support its drilling contract with Saudi Aramco, the BOP Blow Out Preventer repair company gulf coast reported Thursday.
(Bloomberg) -- The Trump administration is considering blocking foreign entities from dealing with Venezuela’s state oil giant Petroleos de Venezuela SA as a possible next step as it seeks to choke off President Nicolas Maduro’s power.
By the end of trading Friday, the price of West Texas Intermediate (WTI) crude oil was closer to $60 than $50 and the price of Brent crude was nearer to $70 than $60.
(Bloomberg) -- Mexico’s Petroleos Mexicanos, the world’s most indebted oil company, will refrain from issuing new bonds this year and begin prepaying existing liabilities as part of a broad turnaround plan.
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