Light, sweet crude oil prices on the New York market dropped slightly to settle below $33/bbl on Feb. 26 and appeared to be staying relatively flat in early Feb. 29 trading. Analysts suggested investors are waiting on news about a possible oil-production freeze to set price direction. Source: News

Mexico President Enrique Pena Nieto said his nation’s energy reform stemmed from an intense, collective effort early in his administration. Source: News

Rapidly shrinking numbers of people performing rapidly diminishing amounts of work should generate fewer total accidents. That’s a rare advantage of a devastating market collapse. Source: News

Four emerging technologies were recently recognized as possible fledgling solutions to reducing water usage in onshore oil and natural gas operations. Source: News

People should exult in their work—except when they regulate others for a living, in which case some measure of introspection seems appropriate. Source: News

Virginia’s lieutenant governor asked the US Bureau of Ocean Energy Management to remove a lease sale off the commonwealth’s coast from the next US Outer Continental Shelf 5-year program. Source: News

The US rig count dropped 12 units to 502 during the week ended Feb. 26, according to Baker Hughes Inc. data. While the decline is the smallest thus far this year, it represents the eighth straight weekly double-digit drop to begin 2016. Source: News