2018 Outlook for the Service & Supply Sector
A Tale of Cautious Optimism
2018 is well underway and oilfield services companies in Canada are looking a little more optimistically at both revenue and profitability when compared to 2017. A recent 25-page report released by the Daily Oil Bulletin (a JWN company) provided statistics and analysis on several aspects of the oilfield services market plus estimates on capital spending, diversification, and technology adoption.
I’ll breakdown the report into 4 key areas – the Market, Revenue & Profitability, Reducing Costs, and Adopting New Technology. (Spoiler Alert: There will be a recommendation to adopt some new eField Ticketing technology if you haven’t already done so.)