Monday’s Baker Hughes acquisition of BJ Services Co. could signal a mega-consolidation trend in the energy services sector, some economists and analysts are predicting.
While Pres. Barak Obama tried to build a consensus last night on health care reform, a number of conversations I’ve recently had with oil and gas and transportation industry leaders and analysts kept recurring to me.
Offshore analysts and leaders say business is approaching mid-1980 levels, when the bottom fell out of the domestic industry in the Gulf of Mexico.
Implementing and adhering to new federal rules and regulations is never easy for any industry. However, the timing of new programs going into place means a lot to the burden an industry bears.
Vessel operators supporting the offshore energy industry are awaiting Jones Act modifications from U.S. Customs and Border Protection, which will protect domestic maritime jobs.