Slumping oilfield services sector bets on new offshore technology

The oil industry’s top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry.

Global Oilfield Services – Offshore Spending Stuck in the Doldrums

2016 will see the start of a barren period for the offshore oilfield service (OFS) sector. A significant drop in project sanctioning brought about by the downturn, coupled with low rig dayrates, will see annual expenditure average $48.6 billion (bn) over

China Oilfield Services's semi-submersible drilling rig completes the assembly of its upper and lower hul

On 27 September 2013, China Oilfield Services Limited announced that the fourth semi-submersible drilling rig...