06.05.2016 14:57:00
|
Moody's: Low oil and gas prices furthers negative outlook for global oilfield services and drilling industry
New York, May 06, 2016 -- The global oilfield services and drilling (OFS) industry continues to endure a severe downturn as depressed energy prices prolongs reduced spending by exploration and production (E&P) companies, Moody's Investors Service says in a new report, "Depressed Energy Prices Continue Major Shake-Up in OFS Industry." As credit conditions deteriorate further, defaults are set to increase.