DRILLING

Global rig count rises

THE US rig count, a barometer for the health of the global oil field, showed a significant increase in activity last year, and the latest data from Baker Hughes overnight appears to substantiate that growing optimism for rig utilisation.

Global rig count rises

The number of working offshore and onshore oil rigs has increased across the world, although the total number in the US has fallen slightly.   The Baker Hughes rotary rig count is reporting an increase...

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