Major Service Firms Bracing for Coming Challenges as E&P Slows

摘要

Oil-field service giants are bracing for what they broadly believe will be a challenging year for their businesses, as customers across the globe slash spendingplans and drilling activity begins to slow. Management with Schlumberger and Halliburton, the world's top two service firms, respectively, said recently that they are already working with upstream customers to cut costs in a weakened commodity environment.