Oil Service Companies To Consider For Long-Term Investment

After the BP Deepwater Horizon disaster, stocks of oil service companies that perform work in the Gulf of Mexico have fallen heavily. However according to a Bloomberg BusinessWeek article these stocks offer opportunities for investors with a long-term view.

The following oil service companies are mentioned in the article:

  1. Cameron International (CAM)
  2. Halliburton (HAL)
  3. Transocean (RIG)
  4. Diamond Offshore(DO)
  5. Baker Hughes (BHI)
  6. Noble Group (NE)
  7. Ensco International  (ESV)
  8. National Oilwell Varco  (NOV)
  9. FMC Technologies (FTI)
  10. Dril-Quip (DRQ)
  11. Oceaneering International  (OII)
  12. Subsea 7 (Ticker on the Frankfurt Stock Exchange: S8J)

Founded in 1854, Subsea 7 is a Norwegian company with a “focus on the growing high-tech and high-value deepwater subsea umbilical, riser and flowline markets in Africa, Asia Pacific, Brazil and the Gulf of Mexico, but also retains a leading role in the North Sea.”

According to the 2009 rankings by PFC Energy, Schlumberger (SLB) is the world’s top oil-service company. The list of the Top 15 Global Oil Services Firms can be found here. The Top 15 Global Drilling and Seismic Companies for 2009 can be found here.

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