North Dakota rig count remains steady

Daniel J. GraeberBISMARCK, N.D., March 21 (UPI) — As crude oil prices hold relatively stable, North Dakota, the No. 2 oil producer in the nation, saw its rig count hold steady from last week, state data show.

Norway’s economy down on lower oil prices

Daniel J. GraeberOSLO, Norway, March 21 (UPI) — The low price of crude oil means Norway’s economy is the weakest it’s been since the global recession, though the situation isn’t critical, the government said.

Lundin Petroleum secures line of credit

Daniel J. GraeberSTOCKHOLM, Sweden, March 21 (UPI) — Swedish energy company Lundin Petroleum said it secured a line of credit to ensure smooth operations during an era of lower crude oil prices.

OMV shores up position offshore Abu Dhabi

Daniel J. GraeberVIENNA, March 21 (UPI) — Austrian energy company OMV said it was teaming up with partners in Abu Dhabi, United Arab Emirates, and the United States to explore oil and gas fields.