Geopolitical tensions are impacting global oil and natural gas prices, but the outlook for oilfield services “continues to be constructive,” as operators prepare for infrastructure and LNG projects to begin commercial operations, according to Ensign Energy Services Inc.
The executive team of the Calgary-based operator, which works across North America and in overseas markets, discussed results and provided a moderately improved outlook during the quarterly conference call.
Widespread global turmoil, though, has added an element of “uncertainty” to commodity prices and activity following a volatile year, COO Robert Geddes told analysts. There’s difficulty in forecasting because things change so quickly, he explained.
[Download Now: In our 2024 Natural Gas Outlook...
