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Oil field equipment and services-I: EPC segments continues to fare poorly
Jul 11:   How is the oilfield equipment and services industry faring now that oil prices have begun climbing up?
8Overall, quarterly revenue is down by 4.1 percent for for OFSE companies, the first quarter-on-quarter decrease since Q3 2016
8But this decline is entirely on account of the poor performance of the EPC segment
8The squeeze on day rates is ongoing, despite higher crude prices
8The point to note however is that all areas except EPC are delivering revenue growth over the same quarter the previous year.
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