Oilfield service firms at ‘strategic crossroads’ as energy transition accelerates, PwC says
Oilfield service (OFS) companies must decide now whether they are going to stick with hydrocarbons or pivot to low-carbon, a new report said.
oilfield service sector
Rising numbers of North Sea oilfield service firms in ‘crisis mode’
A restructuring specialist has warned more North Sea oilfield service firms are “operating in crisis mode” and that he expects to see higher levels of insolvencies next year.
Rystad: Energy transition projects could replace 40% of oilfield service revenues
Hit by the Covid-19 downturn, the oilfield service market is not likely to rebound to last year’s activity level until 2023 according to a Rystad Energy analysis.
“Big three” Q1 results set tone for strong year for oilfield service sector
Strong results for oilfield service giants of Schlumberger, Haliburton and BHGE “set the tone” for 2018, according to Rystad Energy.
Plenty reasons for optimism in 2013 energy deal pipeline
The macroeconomic context provides plenty of reasons to be optimistic about the deal pipeline in 2013.