Oilfield services/equipment

Article Abstract:

Exploration activity in many offshore areas has rapidly increased in the 1990s due to the decline in oil and gas reserves, and drilling technology has also advanced during the same period. Oil and gas exploration has also become more profitable with the combination of higher commodity prices and lower costs, and drilling services and equipment are more cost-efficient. Stocks in this industry are timely, but cyclical, for 1997 and 1998.

Drilling oil and gas wells, Oil and gas field machinery, Oil & Gas Drilling Services, Oilfield Machinery, Oil and Gas Field Machinery and Equipment Manufacturing, Barrett Resources Corp., BRR, Oil field equipment, ENSCO International Inc., Global Industries Ltd., Noble Drilling Corp., GLBL, NE, VRC, BJS, CAM, Western Atlas Inc., Weatherford Enterra Inc., Transocean Offshore Inc., Camco International Inc.

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Oilfield services/equipment

Article Abstract:

Consolidation in the oilfield services and equipment industry has become increasingly important after the collapse of the oil boom in 1983. However, the fleet of mobile offshore drilling rigs has decreased, and rising drilling demand is driving rates upwards. Offshore rig operators' earnings are likely to rise for the next three to five years as a result. These stocks are now timely and long-term investors will be well-rewarded.

Ship Building and Repairing, Offshore Platforms, Economic aspects, Drilling platforms, McDermott International Inc., MDR, Production Operators Corp., PROP, Sonat Offshore Drilling Inc.

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