Are oil service companies doomed? – The Economist
Are oil service companies doomed? – The Economist
INOT 2020, as crude demand soared amid covid-19 lockdowns, energy company budgets also increased. This left tankers with less money to spend on evaluating reservoirs, drilling new wells, and maintaining existing wells, which they typically contract out to specialized oil service companies. Between January and June, the number of active platforms in the world fell […]
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