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US drillers cut oil and gas rigs for second week in a row - Vimarsana News

US drillers cut oil and gas rigs for second week in a row

U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said in its closely followed report on Thursday.

Mexico's Pemex prioritizes paying down overdue debts to big service providers - Vimarsana News

Mexico's Pemex prioritizes paying down overdue debts to big service providers

Mexican national oil company Pemex partially resumed paying down what it owes to suppliers at the end of last year, prioritizing large oilfield service companies over upstart private producers, according to company data and four industry sources.