So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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The worlds largest oilfield services company is making an aggressive push to gain market share in the fast growing U.S. market. In this article, Trefis takes a look at some of the key product lines that are driving Schlumbergers growth in the U.S. and the broader North American market. Pumping, Artificial Lift and Drilling Drive Schlumbergers North American Land Business By: Trefis Team Upstream activity in the U.S. onshore market has been strong this year, driven by reasonably attractive commodity prices and increasing activity in the countrys key shale basins. Exploration and production spending in the U.S. is expected to grow by around 9.3% this year to about $300 billion, while the onshore well count is expected to rise by around 5%. While Schlumberger (NYSE:SLB), the worlds largest oilfield services company, has typically focused on international markets (which account for about two-thirds of its revenue), it has been making an aggressive push to gain market share in the fast