Oilfield Service Giants Are Expanding Beyond Oil Tech ...Middle East

OILPRICE - Economy
Oilfield Service Giants Are Expanding Beyond Oil Tech
source : OILPRICE ( Middle East ) () 25
The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling fell sharply this year in response to the demand slump in both oil and gas, budgets were cut and exploration plans shrunk. There was talk we might have already seen peak oil demand. The situation begged the question what happens to oilfield services beyond oil? To be fair, the world will need tens of millions of barrels of oil for decades to come, so “beyond oil”…

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