Report: How is the Covid-19 pandemic re-shaping the global oilfield services sector?
The global oil industry had yet to recover from the price crash of 2014-15 by the time the pandemic hit in early 2020, which meant that upstream operators and service providers were already grappling with cost-related challenges and falling profit margins. The pandemic-induced shock to the global oil market served to exacerbate these trends and forced companies to reappraise expenditure plans and…