Energy Jobs Direct

Why Outlook for Oilfield Services Sector is Down, But Not Out

Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity.Oilfield services companies will need to preserve capital and ride out the storm before they can expect to see an uptick in activity. Historically, there’s been a correlation between rig counts and oil prices driving capital spending in the upstream sector of the energy industry. Likewise, this has typically been…

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