US drilling activity continues to outpace rest of the world

By
Published: Monday, 03 July 2017

The boom in US oilfield activity is not being matched by oil producers in other markets, the latest Baker Hughes rig numbers show.

The divergence in fortunes between the oil and gas sector in North America and rest of the world is growing starker, as Middle Eastern drilling stagnates even as rig counts in the US soar.
In its May survey of international rig numbers, oilfield services group Baker Hughes saw the world...

This is a preview of the full article

Logo
  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app




Take a Trial or Subscription today. Start below: