Mitsubishi UFJ Ginancial Group’s Middle East and North Africa unit says privitisations could exceed $350 bn in five years.
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Top-30-Oilfield-Services-Companies-2018-01. Schlumberger
The trophy for top oilfield services company remains in Houston as sector leader, Schlumberger, stays top of the pile. The firm earned over $30bn last year and penned a major contract for drilling rigs and services for oil and gas wells with Saudi Aramco. It will also develop a manufacturing base in the kingdom. The […]
Top-30-Oilfield-Services-Companies-2018-02. Halliburton
Earning over $20bn in 2017 and with 55,000 employees worldwide, Halliburton is a bona fide top three entrant and one of the world’s oilfield service leaders. The firm has recently signed a three-year deal with Aramco to boost the Saudi firm’s unconventional gas production. Halliburton has seen increased drilling services, project management activity, and completion […]
Top-30-Oilfield-Services-Companies-2018-03. Weir Oil & Gas
Scotland’s Weir Group has enjoyed a stellar start to 2018 with a 35% increase in orders for its oil and gas division – thanks in main to its exposure to the accelerating US tight oil business. But the firm has a respectable Middle East footprint and can be found from Saudi Arabia to Iraq. Weir […]
Top-30-Oilfield-Services-Companies-2018-04. Baker Hughes, a GE company
Baker Hughes, a GE company is likely to lose the GE part of its name as parent company, General Electric, struggles to reduce its debt levels. But the firm remains a serious oilfield services outfit. Recently, it secured a $175mn deal from Aramco to boost gas field production in the kingdom, as well as a […]
Top-30-Oilfield-Services-Companies-2018-05. Emerson
The number of firms offering automated solutions to the industry is a crowded space, but Emerson heads the pack. The firm has seen a key facility in Saudi Arabia open, while the acquisition of software provider Paradigm, which has combined with Emerson’s own Roxar business, has created a comprehensive exploration and production software portfolio. France’s […]
Top-30-Oilfield-Services-Companies-2018-06. National Oilwell Varco
NOV offers rig technologies, wellbore technologies and completions solutions. It has assets of more than $20bn and 37,000 employees worldwide. The firm’s innovative solutions have found ready markets the world over but NOV continues to see success in its bits, borehole enlargement and coring businesses in the Middle East. It has just inked a major […]
Top-30-Oilfield-Services-Companies-2018-07. Schneider Electric
French energy management and automation specialist Schneider Electric is this year’s big mover. The firm has major clients in the region including working with ADNOC on its impressive Panorama Control Centre at its Abu Dhabi HQ and helping to smart train the Kuwait Oil Company’s employees via its EYESIM virtual reality technology. Its deal to […]
Top-30-Oilfield-Services-Companies-2018-08. Siemens
Germany’s Siemens leaps into our top ten thanks to its innovative solutions and its commitment to driving its digital presence across the region. The firm is spending $500mn establishing MindSphere Application Centres around the globe where data specialists and engineers will work with Siemens customers to develop applications for data analysis and machine learning. A […]
Top-30-Oilfield-Services-Companies-2018-09. Weatherford Oil & Gas
CEO Mark McCollom has had a tough task since taking over last year. Weatherford was dented by the 2014 oil price plunge and he is determined to streamline the business and save $1bn by 2019 with debts estimated at $7.5bn. Weatherford has sold 31 land rigs to ADES International (a new entry at number 15) […]