The head of the International Energy Agency has publicly called on the European Union to reconsider its ban on oil and gas drilling in the Arctic, lending weight to Norway's campaign to open its far northern waters to exploration.
US oil and gas drilling activity edged higher over the past week, coinciding with a sharp rally in crude prices, according to figures released by Baker Hughes on Friday.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 587, up 45…
