Fitch Publishes E&P Capex Trends and OFS Prospects

CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has published 'E&P Capex Trends and Oilfield Services Prospects'. The publication includes Fitch selected quotes from management's across the exploration and production (E&P) and oilfield services (OFS) industries to highlight current trends and expectations, as well as initiatives underway to improve E&P returns and oilfield services companies' competitive positioning.

Items highlighted include:

--The fourth quarter 2015 activity deceleration;

--Lower 2016 E&P budgets and activity;

--North American services pressure and its possible bottoming;

--Broader offshore capital rationalization coming, but economics improving;

--Diversified providers playing the customer and investment long game;

--Competitive OFS positioning towards the partnership model, while shedding the provider role;

--E&P financial strength remains the services recovery wildcard.

'E&P Capex Trends and Oilfield Services Prospects (What E&P and Oilfield Services Companies Are Saying in Q3)' is available on Fitch's website at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

E&P Capex Trends and Oilfield Services Prospects (What E&P and Oilfield Services Corporates Are Saying in Q3)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=875359

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006550/en/

Fitch Ratings
Dino Kritikos
Director
+1-312-368-3150
Fitch Ratings, Inc.
70 W. Madison Street
Chicago, IL 60602
or
Mark C. Sadeghian, CFA
Senior Director
+1-312-368-2090
or
Brad Bell
Associate Director
+1-312-368-3149
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

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