Friday, September 27, 2019

OFSE quarterly: Revenue edges up, but margins stay under pressure

It was another tough quarter for the oil-field-services-and-equipment (OFSE) sector. Oil prices again declined, the possibility of global recession weighed down on demand, and OFSE revenues saw only marginal improvement. Offshore and gas sectors provided some silver lining.
OFSE quarterly: Revenue edges up, but margins stay under pressure

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