For oil services industry, it is lockdown | GulfNews.com:
"Slammed by plunging oil prices, oil services companies which supply rigs and carry out seismic surveys face a bleak outlook of cutbacks and contract cancellations. Peer through the gloom though and possible winners as well as losers emerge.
Titans of the sector such as Schlumberger NV and Halliburton Co may have a chance to scoop up assets and know-how from rivals less able to weather the downturn, as their deeper pockets give them a major tactical advantage.
“The larger companies, which still have access to credit, can take the opportunity to regenerate their own fleets at a cheaper cost than if they had to build it themselves,” said Pascal Menges, portfolio manager for Lombard Odier’s Global Energy fund. Schlumberger was one of his top three holdings as of end-December, according to the fund fact sheet."
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