(Bloomberg) -- Indian oil explorers led by Oil &
Natural Gas Corp. are losing rigs to rivals in countries such as
Mexico and U.K. as higher prices spur drilling, a report by
service provider Baker Hughes Inc. shows.
The number of rigs used in India slipped to 81 in May from
86 in January, Baker Hughes said in a monthly report on its Web
site June 15. At the same time, the worldwide total excluding
the U.S., Canada, Sudan and Iran, increased to 1,007 from 972.
Read more at Bloomberg Emerging Markets News
Natural Gas Corp. are losing rigs to rivals in countries such as
Mexico and U.K. as higher prices spur drilling, a report by
service provider Baker Hughes Inc. shows.
The number of rigs used in India slipped to 81 in May from
86 in January, Baker Hughes said in a monthly report on its Web
site June 15. At the same time, the worldwide total excluding
the U.S., Canada, Sudan and Iran, increased to 1,007 from 972.
Read more at Bloomberg Emerging Markets News
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