US drilling activity continues to outpace rest of the world
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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...