Oilfield services leaders in the UK have been told they have “done well to survive” but need to get over risks around innovation.
The UK oilfield services (OFS) sector is now “back from the brink” after reporting a drop in turnover of 15.5% for 2016, according to a new report from EY.
Oil-field service (OFS) companies are increasingly looking for work in offshore wind as activity in core markets remains suppressed, an analyst has said.
A combination of more stable oil prices and signs of new investment have provided grounds for “cautious optimism” for the UK oilfield service sector, according to analysis published by EY today.
Halliburton has posted a surprise quarterly profit.
Oil workers in Aberdeen have been put on gardening leave from Schlumberger for up to a year on 20% of their normal salary – but can’t work anywhere else.
There is hope in the oilfield service industry despite the current downturn with a project $30billion growth from 2014-2018 according to a leading analyst.
Aberdeen-based well-flow management group Expro has appointed Jim Renfroe as a non-executive director.
US oilfield services major, Baker Hughes, has opened a research and technology centre in Dhahran, Saudi Arabia to concentrate on new ways of unlocking "unconventional" hydrocarbons like shale gas.
Do you ever read BBC economics chap Robert Peston's blog on the BBC website? I do because it provides some interesting insight into how the City is thinking or - as recent events would seem to prove - not thinking.