The big winner from the high prices of oil are not onlz the large oil companies, often criticized for substantial profits obtained in these moments, but also oil service companies, wrote the publication "Financial Times" (FT).
In the last three years, the profits of companies in the industry have tripled, according to the company of energetic business consultancy Wood Mackenzie. This year will be a very good for the big players in this industry (drilling, installation, exploitation of oil fields), Schlumberger, Halliburton, Baker Hughes or Transocean.
That's because the major oil groups will develop new projects in the chase after the very expensive crude oil. Under these conditions, high demand for services has raised prices in the area. However oil services companies say that the prices for materials needed in industry have also increased. Last Friday, Schlumberger, the world leader of the oil services industry, reported revenues of 6.75 billion dollars for the second quarter of the current year, after the revenues of 6.29 billion U.S. dollars, recorded in the first quarter.
The company is present in over 80 countries and has over 80.000 employees. A report by Citibank shows that investors will go in the next years towards actions of oil services companies which today are subevaluate. The bank recommends investments in such bonds, because in the next three-four years, the industry will perform very well.
Marine platforms, very popular
"There is a huge demand for equipment and services in the oil section, although companies in the industry are barely covering their orders," said for FT Colin Lothian, an analyst at Wood Mackenzie.
Extractive marine platforms are, according to a report by Barclays Capital, the most searched products in the services area. At this time, there are about 120 such facilities commissioned, 40 of which will be delivered this year. Also, there is a large demand for infrastructure in the field of natural gas. For example, extraction of these resources represent about 80% of drilling activity in the US.
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