Exploration and production activity in North America outpaced the rest of the world in terms of general gains, oilfield services company Baker Hughes reported. The company offered its report on rig activity for March, noting global activity was on the rebound for 2017, but still lower year-over-year. Rig counts offer a loose indication of the level of confidence to invest in exploration and production activity in a particular region. Investments last year were curbed after crude oil prices dropped below $30 per barrel. Crude oil prices have been holding relatively stable in a range between $50 per barrel and $55 per barrel after the Organization of Petroleum Exporting Countries agreed to limit production in an effort to […]