What industry leaders expect for 2017 ///

Twelve months have come and gone since our editorial advisors offered their thoughts on the global upstream market, and still, the industry just wants one basic question answered: “When are things going to get noticeably better?” That’s a tough question to answer, and some of it depends on whether OPEC’s latest deal holds together. Nevertheless, the Baker Hughes U.S. rotary rig count rose 47% from its all-time low of 404 units working on May 20 and 27, to 593 on Nov. 23. Canada’s rig count of 173 on Nov. 23 was on a par with activity a year earlier, while the international count outside North America was still falling.

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