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E&P equipment and service rates-I: Onland market to recover quicker than expected
Jul 17: Latest reports show that not all oil field equipment and service segments and markets will stabilize or recover uniformly, and certain businesses and markets will suffer a further erosion of revenue and EBITDA.
8Oilfield activities will recover in US and Canadian markets first followed by stabilization in most onshore international markets
8But the offshore market will continue to decline
8Reduced investments and project deferrals in deepwater and ultra-deepwater markets will persist through mid-2018.
8In the onshore segment, equipment and service suppliers will begin to gain pricing power as early as the second half of 2017.
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