Top 30 Oilfield Services Companies 2018
For the most part, the oilfield services sector has finally picked itself up and dusted itself down following the 2014 price crash and the subsequent meltdown that occurred in the industry as the tightened purse strings, and the battened down hatches, of the exploration and production (E&P) operators hit the revenue streams of the support industries very hard. From 2014-16, according to consulting firm Deloitte, 36% of firms in the oilfield services industry went to the wall, as income slumped by more than 50%.But as the oil price has edged higher in 2018, oilfield service providers have begun to feel more expansive and a wider raft of solutions are emerging on to the market. This comes as the consequence of E&P operators now experiencing greater headroom to enable them to ramp up projects that were previously frozen, as well as undertake exploratory drilling or look to boost output capacity.The following list naturally takes account of some of the more significant regional deals, and financial performance, but it is also based upon recognising those oilfield service providers who have been visible in the Middle East, or who have rolled out notable innovations or solutions. It is a subjective list but, above all, we hope it is an enjoyable and interesting read.
