Times are tough for oilfield services companies. Rigzone has spent much of the last year reporting on how the industry downturn has affected many of the larger oilfield engineers and service firms: e.g. Aker Solutions ASA , Weatherford International and even oilfield services giant Schlumberger Ltd. have all been hit. Particularly badly affected have been those oilfield services firms who operate in high-cost oil and gas-producing regions such as the North Sea. In such a poor market environment, it is no wonder that some oilfield services firms are looking at expanding their offerings into new sectors. A number of bigger oilfield services companies have recently announced deals in the renewables sector, such as Petrofac’s recent partnership with GE that will see the two firms engineer, construct and install […]