The Baker Hughes Inc. tally of active rigs in the US gained 2 units to 756 during the week ended Mar. 3., representing a seventh straight week of increases as drilling activity continues to ramp up throughout Texas. Source: News

Oil and gas development projects on the UK Continental Shelf (UKCS) need clearer definition, simplicity to the extent possible, and improvements in accountability of delivery and cooperation between companies and stakeholders, concludes a study by the Oil and Gas Authority (OGA). Source: News

Eni SPA expects to report discoveries totaling 2-3 billion boe over the next 4 years, almost twice the amount in its previous 4-year plan, by drilling around 120 wells in more than 20 countries. Source: News

The US Environmental Protection Agency withdrew a request that oil and gas industry owners and operators provide information about equipment and emissions at existing operations. Administrator Scott Pruitt said he ordered the Mar. 2 move after deciding that he wanted to reassess the need for the information collection request (ICR). Source: News

Light, sweet crude oil prices for April dropped by more than $1/bbl on the New York market Mar. 2 while Brent crude oil prices for May on the London market also fell by more than $1/bbl, which analysts attributed to concerns about world oil supplies. Source: News