Industrial Minerals


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Oil and gas drilling rebounds

08 April 2010

by Mark Watts

Monthly rig count jumps 24% signalling higher demand for oilfield minerals

Keywords: oilfield services, Baker Hughes, rig count, frac sand, barytes, bentonite

Global oil and gas exploration has been steadily increasing against 2009 levels, rising 24% in March 2010 to drive stronger demand for oilfield minerals.The number of rotary rigs operating worldwide in March 2010 was recorded at 2,879, up from 2,313 in the same...