Global Industry: Service Companies May Struggle in New Era of Megaprojects
With oil and gas megaprojects back on the horizon, the industry is waiting with anticipation to see if companies will repeat mistakes from the past.
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Global Oil & Gas: TechnipFMC posts smaller profit, revenues
Oilfield services provider TechnipFMC recorded a decrease in both profit and revenues during the second quarter of 2018 compared to the last year’s quarter while at the same time recording the largest quarterly inbound to date for the company.
Read MoreGlobal Markets: “Market Activity Will Increase in 2018” – Oil Services CEO
Market activity will increase in 2018, according to John Lechner, chief executive officer of oil services company Archer.
Read MoreGlobal Oil & Gas Industry: Players enter a challenging 2015
E&P, oilfield services and offshore drilling companies hardest hit, according to Moody´s global research. The global oil and gas industry is entering a challenging 2015 based on stubbornly low oil prices, Moody’s Investors Service says in a new report. Among players exploration and production (E&P) companies will be hit first, while oilfield services (OFS) and midstream energy operators will feel the knock-on effects of reduced capital spending in the E&P sector. Offshore contract drillers are…
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