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If profits are of the utmost importance, then the statement of cash flow is a close second.Also, companies offering more obscure or specialized services such as seismic drilling or directional drilling tools are much more likely to withstand the threat of substitutes. (For more on oil substitutes, see The Biofuels Debate Heats Up.) Competitive Rivalry.The contracts through which an oil services company is paid also play a large role in.Downstream is the commercial side of the business, such as gas stations or the delivery of oil for heat.More specifically, these services can include: Seismic Testing - This involves mapping the geological structure beneath the surface.Primary Types of Companies Full Service Fuel Oil Companies: Full service companies, in most cases not only sell fuel oil but also offer a wide range of services,.
Oil-Field Services Company Keane Group Prices Upsized IPO
The first option to explore is to determine if you can contribute to a 401(k), 403(b), or 457 plan at work.For this reason, most drilling companies are simply contractors who are hired by oil and gas producers for a specified period of time. (For related reading, see Unearth Profits In Oil Exploration And Production.) In the drilling industry, there are several different types of rigs, each with a specialized purpose.OGFJ RANKS US-BASED, PUBLICLY-TRADED OFS COMPANIES BY REVENUE NO. 1: SCHLUMBERGER LIMITED (NYSE: SLB) Principal offices: Houston, Paris, The Hague.OPEC: The Organization of Petroleum Exporting Countries is an intergovernmental organization dedicated to the stability and prosperity of the petroleum market.The drilling industry has always been classified as highly skilled.Jack-ups - this type of rig has three legs and a triangular platform which is jacked-up above the highest anticipated waves.
Remember, oil is used for more than just running our vehicles, it is also used in plastics and other materials.AKT Oil services company is the leading Engineering, Procurement, Construction and Commissioning (EPCC) service provider in the Iraqi Oil and Gas industry.At the same time, exit barriers in the refinery business are quite high.
Home | FescoRigzone.com - News and statistics on the oil and gas industry.The large amounts of capital investment tend to weed out a lot of the suppliers of rigs, pipeline, refining, etc.Directional Services - Believe it or not, all oil wells are not drilled straight down, some oil services companies specialize in drilling angled or horizontal holes.Almost every refinery can do one thing - produce the refined products they have been designed for.Companies with low debt, such as National Oilwell Varco, will be able to scoop up rivals and grab market share.
Oil-field services can be a risky business — and the stocks are risky too.The people with the skills and expertise to operate drilling equipment are in high demand, which means that for an oil company to have these people on staff all the time can cost a lot.
For example, a decline in upstream expenditures usually trickles down to other areas such as transportation and marketing.
Oil & Gas - Bain & CompanyService Companies for the Oil and Gas industry should be listed in the appropriate sub category, and not in the main category.If a country is in a recession, fewer products are being manufactured, not as many people drive to work, take vacations, etc.
Drilling - Drilling companies physically drill and pump oil out of the ground.
Operational excellence: The imperative for oil and gasOil services companies that have a lot of their future tied to North American shale drilling saw huge gains this past month.When OPEC meets to determine oil supply for the coming months, the price of oil can fluctuate wildly.
Here's Why These Oil Services Companies Saw Large Gains inODS-Petrodata - Both free and fee-based data on rig counts and other key figures in the oil services industry.These oilfield services companies provide the infrastructure,.
Oil Service maintains a rich history of proven technological expertise and product diversity.Trade the Forex market risk free using our free Forex trading simulator.
Here is your one stop on-line source for a wide range of Oil Field Services.Learn about the major advantages, disadvantages and risks of investing in oil companies and investing in oil and gas exploration companies.Advised oil field services companies around their global intellectual property valuation.