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Oilfield Service Giants Are Expanding Beyond Oil Tech
By Irina Slav - Dec 30, 2020, 6:00 PM CST
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” is a bit misleading. Yet peak oil demand may well be over, which means a shrinking market for these companies. And the largest among them are already preparing for this shrinking market. ....

Prasad Gupta , Olivier Le Peuch , Marcus Wagner , Tyler Fowler , Pankaj Bukalsaria , Oil Jumps On Significant Crude Inventory , Milestone Environmental Services , Baker Hughes , Baseline Energy Services , Big Three , Richard Leaper , Atul Prasad Gupta , Acuity Knowledge , Irina Slav , Oilfield Services , Oil Stocks , E Amp P , பிரசாத் குப்தா , மார்கஸ் வாக்னர் , டைலர் கோழி , எண்ணெய் தாவல்கள் ஆன் குறிப்பிடத்தக்க கச்சா சரக்கு , மைல்கல் சுற்றுச்சூழல் சேவைகள் , ரொட்டி சுடுபவர் ஹக்ஸ் , அடிப்படை ஆற்றல் சேவைகள் , பெரியது மூன்று , ஆதுள் பிரசாத் குப்தா ,