Back-to-basics approach can bring profits back to oilfield services

August 21, 2018
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Companies in the Oilfield Services and Equipment sector are a key execution arm of the upstream oil and gas industry. But continued weakness in offshore spending, overcapacity keeping a lid on pricing, and other factors have meant that the latest rising wave in oil prices has failed to lift this group when it comes to profitability. In the current environment, what can these companies do to optimize their business models and claim their fair share of the industry profit pool?

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