Oil & Gas Industry Round up
28 June 2010
Despite whatever trials and tribulations BP may be going through, demand for oil continues its relentless rise. According to Baker Hughes, which a range of services tothe worldwide oil and gas industry, drilling activities remain encouraging. The international rig count for May 2010 was 1,090, up 16 from the 1,074 counted in April 2010, and up 97 from the 993 counted in May 2009. The international offshore rig count for May 2010 was 298, down 10 from the 308 counted in April 2010 and up 27 from the 271 counted in May 2009.
The US rig count for May 2010 was 1,513, up 34 from the 1,479 counted in April 2010 and… Read more