oilfield services

Oilfield service firms are struggling as drilling activity slows and prices decline, forcing many into rising debt and potential bankruptcy.

SLB posts a 13 percent rise in Q3 profit but warns of slower revenue growth in Q4 as weak oil prices and customer spending cuts impact the oilfield services company.

US oilfield firms are cutting prices and consolidating as mega-mergers reduce their customer base. Discover the industry’s struggles and strategic responses.

The US oilfield services sector is bracing for more job losses as natural gas prices plummet to their lowest level in more than three years. According to data from the …