NEWS ARCHIVE

Expenditure set to fall again

THE global oil field services sector fell by 38% last year and will continue to face trials and tribulations as oilers trim capital expenditure, Douglas Westwood says.

The latest edition of DW's World Oilfield Services Market Forecast expects capex will fall by 48% this year. DW says that Africa was the robust region for services spending, with a 1% increase in total...

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