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Rigzone Industry News

1. Oil Gains as Fuel Prices Surge

   Oil rose for a third day as strong fuel premiums and Russian supply concerns supported prices.

2. USA Energy Dept Announces $625MM to Renew 5 NQISR Centers

   The U.S. Department of Energy announced $625 million in funding to renew its five National Quantum Information Science Research Centers.

3. North America Goes Back to Adding Rigs

   North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

4. Oil Rises on Shutdown Hopes

   Oil prices rose as optimism over a potential U.S. government reopening boosted risk appetite across markets.

5. Lukoil Declares Force Majeure on Iraqi Oil

   Lukoil PJSC declared force majeure on oil shipments from its giant West Qurna 2 field in Iraq, according to a person with knowledge of the matter.