Top 30 Oilfield Services Companies 2018

Top 30 Oilfield Services Companies 2018

Welcome to our second edition of the Top 30 Oilfield Services Companies power list – our annual perusal of those firms providing a host of services to the upstream oil and gas industry. Not surprisingly, the following pages are headed by the major players in the segment, although the upper echelons of our list have seen subtle movements.

For the most part, the oilfield services sector has finally picked itself up and dusted itself down following the 2014 price crash and the subsequent meltdown that occurred in the industry as the tightened purse strings, and the battened down hatches, of the exploration and production (E&P) operators hit the revenue streams of the support industries very hard. From 2014-16, according to consulting firm Deloitte, 36% of firms in the oilfield services industry went to the wall, as income slumped by more than 50%.

But as the oil price has edged higher in 2018, oilfield service providers have begun to feel more expansive and a wider raft of solutions are emerging on to the market. This comes as the consequence of E&P operators now experiencing greater headroom to enable them to ramp up projects that were previously frozen, as well as undertake exploratory drilling or look to boost output capacity.

The following list naturally takes account of some of the more significant regional deals, and financial performance, but it is also based upon recognising those oilfield service providers who have been visible in the Middle East, or who have rolled out notable innovations or solutions. It is a subjective list but, above all, we hope it is an enjoyable and interesting read.

1 - 10

Top-30-Oilfield-Services-Companies-2018-01. Schlumberger
1

Schlumberger

Top-30-Oilfield-Services-Companies-2018-02. Halliburton
2

Halliburton

Top-30-Oilfield-Services-Companies-2018-03. Weir Oil & Gas
3

Weir Oil & Gas

Top-30-Oilfield-Services-Companies-2018-04. Baker Hughes, a GE company
4

Baker Hughes, a GE company

Top-30-Oilfield-Services-Companies-2018-05. Emerson
5

Emerson

Top-30-Oilfield-Services-Companies-2018-06. National Oilwell Varco
6

National Oilwell Varco

Top-30-Oilfield-Services-Companies-2018-07. Schneider Electric
7

Schneider Electric

Top-30-Oilfield-Services-Companies-2018-08. Siemens
8

Siemens

Top-30-Oilfield-Services-Companies-2018-09. Weatherford Oil & Gas
9

Weatherford Oil & Gas

Top-30-Oilfield-Services-Companies-2018-10. ABB
10

ABB

11 - 20

Top-30-Oilfield-Services-Companies-2018-11. Welltec
11

Welltec

Top-30-Oilfield-Services-Companies-2018-12. Rockwell Automation
12

Rockwell Automation

Top-30-Oilfield-Services-Companies-2018-13. AlMansoori Specialised Engineering
13

AlMansoori Specialised Engineering

Top-30-Oilfield-Services-Companies-2018-14. Penspen
14

Penspen

Top-30-Oilfield-Services-Companies-2018-15. ADES International Holding
15

ADES International Holding

Top-30-Oilfield-Services-Companies-2018-16. Nexans
16

Nexans

Top-30-Oilfield-Services-Companies-2018-17. GAC Group
17

GAC Group

Top-30-Oilfield-Services-Companies-2018-18. Churchill Drilling Tools
18

Churchill Drilling Tools

Top-30-Oilfield-Services-Companies-2018-19. KCA Deutag
19

KCA Deutag

Top-30-Oilfield-Services-Companies-2018-20. SPX Flow
20

SPX Flow

21 - 30

Top-30-Oilfield-Services-Companies-2018-21. Coretrax
21

Coretrax

Top-30-Oilfield-Services-Companies-2018-22. ASMEF
22

ASMEF

Top-30-Oilfield-Services-Companies-2018-23.Proserv
23

Proserv

Top-30-Oilfield-Services-Companies-2018-24.Honeywell
24

Honeywell

Top-30-Oilfield-Services-Companies-2018-25.Jotun
25

Jotun

Top-30-Oilfield-Services-Companies-2018-26. Glasspoint Solar
26

Glasspoint Solar

Top-30-Oilfield-Services-Companies-2018-27. Tendeka
27

Tendeka

Top-30-Oilfield-Services-Companies-2018-28. Topaz Energy and Marine
28

Topaz Energy and Marine

Top-30-Oilfield-Services-Companies-2018-29. Sparrows Group
29

Sparrows Group

Top-30-Oilfield-Services-Companies-2018-30. Huawei
30

Huawei