Paal Kibsgaard - Schlumberger

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Last quote by Paal Kibsgaard

In the U.S. Gulf of Mexico, activity continued to weaken in the third quarter, and the outlook remains bleak for this region based on current customer plans.feedback
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Oct 20 2017 Mexico
This page is completely dedicated to what Paal Kibsgaard has to say. All of Paal Kibsgaard’s quotes are organized here by date and topic. The most recent quote attributed to Paal Kibsgaard came from an article called Oil market trends are setting the foundation for higher crude prices, Schlumberger says: “A continuation of these market trends, combined with further steady draws in global oil inventories is now creating the required foundation for further upward movement in oil prices and subsequent growth in global E&P investment.”.
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Paal Kibsgaard quotes

Apr 22 2016

Our industry is now in the deepest financial crisis on record, with profitability and cash flow at unsustainable levels for most oil and gas operators.feedback

Jan 21 2016

With the year-end U.S. land rig count 68 percent lower than the 2014 peak, at less than 700 rigs, the massive over-capacity in the land services market offers no signs of pricing recovery in the short to medium term.feedback

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