– The National

Capital’s oil ambitions hit by rigs shortage – November 11, 2012

Regionally, the Middle East needs to double the number of rigs from the current level of 351, said Chris Faulkner, the chief executive of Dallas’ Breitling Oil and Gas. For unconventional projects such as fracking that require many wells, the regional fleet would have to expand by a factor of five to 10. (more)