OFS firms feel aftershocks after Saudis pull back expansion

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SLB has reaffirmed its 2024 financial guidance, part of an effort by international oilfield services companies to reassure investors after the Saudi Ministry of Energy called off plans to increase its maximum sustainable capacity by 1 MMbo/d to 13 MMbo/d by 2027.

Back Office Automation Tools for Oilfield Services Companies

Engineer using tablet near oil refinery at night.

Being a supplier in the oil and gas business is hard. You must ride the cycle of boom and bust, differentiate yourself in an incredibly competitive market and make sure your financial fundamentals are sound. It’s not for the faint of heart, and there is no guarantee of success. More than half the suppliers that […]

Oilfield Services Metrics to Grow Market Share and Find Opportunities

Graphic that shows risk profile provided by OpenInsights analyst team

Part 2: How to uncover opportunities with data analysis The first article of this series discusses the importance of detailed days sales outstanding (DSO) analysis and correlation to revenue generated for streamlined business processes, improved cost savings, and more informed strategy adjustments. This second article shows how leveraging your internal financial data with Enverus oil […]

Why DSO Matters for Better Cash Flow Management-Metrics for Oilfield Services

Graphic showing five key components of DSO

As the oil & gas industry reels from historically low prices, standard operating procedures no longer apply. With a global pandemic and uncertainty around the ability of the global oil industry to manage supply, the industry is between a rock and a hard place. Oilfield services (OFS) is the sub-segment in the industry most sensitive […]

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