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Baker Hughes, Schlumberger, Halliburton & Weatherford on 2015 Service Outlook
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A look at the services sector outlook following H1 2015 conference calls from four major service companies:
Baker HughesInternational:
Taking a look at our international operations, we are also seeing the benefit of investments made over the last few years leading to significant contract wins in Brazil, Norway, Angola and the Middle East. Turning to international markets, we expect to see rig counts begin to slowly decline in some offshore – onshore and shallow water markets such as Continental Europe, Mexico, Australia, Iraq and the North Sea. International markets which should remain more resilient in the short term included merging unconventional plays like Argentina and deepwater markets such as Brazil and Angola. Nigeria is the exception where activity levels are likely to decline…Finish this article — free account or subscription
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