Oil and gas exploration drops

By Mark Watts
Published: Monday, 07 December 2009

Global rig count down 30% year on year in November but industry is optimistic

Demand for minerals used in oil and gas exploration is expected to remain weak as exploration activity reportedly dropped 30% in November compared to the same month last year, although improved somewhat from depressed levels in October.

 

Oilfield services group Baker Hughes Inc., in its monthly global rig count,...

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