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Vol. 8, No. 16 Week of April 20, 2003
Providing coverage of Alaska and northern Canada's oil and gas industry


Oilfield service sector’s earnings lag

Earnings expected to be flat to down as service companies await windfall from surging exploration and production profits

Petroleum News Houston Staff

A huge chasm has opened between U.S.-based oilfield service companies and the exploration and production spending on which they depend, according to projected 2003 first quarter earnings for both groups. The run-up in commodity prices during the first quarter could boost profits for exploration and....

    [additional news subjects in this story]

Producers hedge on spending

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