OPERATIONS

US drillers march to their own beat

ALMOST 60 rigs were added to the North American rig count last week, largely as US shale producers have reacted predictably to OPEC’s plans to cut oil production, dusting off rigs and sending then into the vast US shale plays in anticipation of higher oil prices.

Shale operations in the US.

Shale operations in the US.

The resurrection of the North American drilling patch has now been underway for seven months, and last week US drillers added the most onshore rigs in a single week since July 2015.   Explorers and...

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