Tag Archives: us onshore

Depending on the oilfield service or product line, we’ve heard of price increases of anywhere from 5% to 40% pushed through just in the past few months alone. As service companies look for new angles to justify higher list prices, they are increasingly pointing a finger at the labor pool. …

BP and Shell updated their spending outlooks Tuesday morning. The two Majors echoed recent reports from their peers by again lowering planned capex spending. As Independents selectively spend a little more in 4Q16 and prepare to reverse their budget cuts next year, the Majors continue to systematically lower their total spend. Optically, …