News

August 12, 2008

Where Next In The Technology-Driven Oil Services Sector? Some Attractive Options To Consider

By David Bamford

If you were to believe most investment discussion boards or perhaps those conferences that cover the Aim-end of the oil & gas market, then the ‘sexy’ companies are those that are pursuing exploration in exotic faraway places – the Falkland Islands maybe, or somewhere in the Former Soviet Union.

However, there is another sector of the oil & gas business that bypasses public recognition, but that professionals in the industry know all about, and that is the oilfield service contracting industry, which driven by revenues from the majors, from national oil corporations, and others. Analysts at US sell-side specialists Bernstein Research estimate that the oilfield services industry generated revenues of almost US$246 billion globally in 2007 and that this figure will rise by more than 10...