OIL

Multi-year downturn to hit service firms

THE services industry has started a transformation it has been forced into after enduring one of ...

Multi-year downturn to hit service firms

According to figures collated by consultancy Rystad Energy, the average oilfield service purchases went down by almost 20% in 2015. This compares to a drop of 12% in 1999 and 9% as the Global Financial...

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