The recovery will accelerate further in 2022 and 2023 but will not reach pre-coronavirus purchasing amounts
oilfield services
Posted inProducts & Services
At least one million OFS jobs likely to be cut due to coronavirus: Rystad
With the ongoing coronavirus pandemic and crash in oil price, oilfield services will be hugely impacted, according to a report by Rystad Energy
Posted inProducts & Services
TechnipFMC puts split on hold due to coronavirus
It will continue preparations to move ahead once markets stabilise
Posted inExploration
OFS companies prepare as price war could cut $250 billion off E&P budgets
Rystad Energy says that the total capital and operation expenditure of upstream companies could be cut by $100 billion in 2020 and another $150 billion in 2021
Posted inProducts & Services
Baker Hughes’ VP of engineering and technology on the company’s rebranding
John Kerr, Baker Hughes’ vice president of engineering and technology for its oilfield equipment division, answered questions about the company’s rebrand at ADIPEC.
Posted inVideo
Halliburton regional SVP on winning the Oilfield Services Company of the Year
Ahmed Kenawi, senior vice president, MENA region, Halliburton, speaks on the sidelines of the Middle East Energy Awards after Halliburton won the Oilfield Services Company of the Year
Posted inProducts & Services
Emerson ranks fifth on the Top 30 Oilfield Services Companies of 2019
The company’s $1.1bn sales in the region helped jolt it to fifth place on our list
Posted inProducts & Services
Weir ranks fourth on the Top 30 Oilfield Services Companies of 2019
This company earned it spot thanks to large wellhead orders from ADNOC and KOC, among other regional entities
Posted inProducts & Services
BHGE ranks third on the Top 30 Oilfield Services Companies of 2019
The company’s expanding presence in the region helped boost it to third place on this year’s ranking