This article makes very interesting reading on the state of the O&G business overall, but specifically the challenges faced by all the support companies within the industry. The challenges are universal to anyone in the industry, although the level of impact is affected by the specific phase of each individual project, with exploration and pre-production being particularly badly affected due to the Capital demands of this phase. Very trying times, and will take serious management and strategies by every company in order to stay the course and survive to play in the future market.
Schlumberger CEO Presentation, March 21 - Business Insider