oilfield services

Second-quarter financial results show a modest improvement for the industry’s three largest oilfield services companies.

The recent upswing in M&As in the oilfield services sector may be a harbinger of more to come as operators push for capex and opex control.

Schlumberger and Baker Hughes leaders said increased investments are critical to ensuring technological advancements for the industry.

Douglas-Westwood’s quarterly World Oilfield Services Market Forecast and World Oilfield Equipment Market Forecast continue to suggest that 2016 marks the start of a barren period for the global oilfield services and oilfield equipment sectors, with onshore looking more positive than offshore.

Of all the attention generated over the opening of the Mexican oil and gas sector to the outside world, one consideration has been largely left out of the discussion: What does it all mean for service companies?