Oil Service Giants’ Solutions Facing the Low Oil Price Background

In the past year, the crude oil price has broken many people’s hearts and it seems far from being recovered in the near future. Some people say that this situation will last 2 or 3 years, as is the positive expect. While per the negative respect, this bad situation would continue for at least 5 years.

The usage of crude oil couldn’t be ceased because the modern economy and citizens’ lives are dependent on the crude oil, the oil companies have to find ways to limit the budget. Such influence has to be laid onto the oil service companies. As the oil companies and oil service companies are inter-dependent on each other, there’s no doubt, in order to retain the certain share of the oil service company, the oil service companies have to share some burden of loads for the oil companies for a long term

The oil service giants who occupy one quarter of the oil serving markets of the world took following methods to make sure their market share and benefit:

1. some of them are buying in other similar companies, Halliburton merged Baker Hudges, and etc.

2. they lowered down the service price to cover some price lost from oil for the oil companies.

3. they are providing new types of services to get more benefits.

It is not easy work to provide the same service at a lower price, that’s why to find a more cost-effective way is very important. GN Solids Control, as TOP solids control manufacturer in China, has been the equipment supplier of the oil service companies for many years. In this year, GN has proved its equipments as always, and also designed out some new application of equipment for the service companies, which could play an more efficient application while at a lower price. Recently, we finish one set mud mixing system for South America Client. They use this mixing system to perfect liquid mud plant. The client is GN VIP client with over 3 year’s relationship; they have used our shale shaker,decanter centrifuge, mud agitator, centrifugal pump before. Mainly equipment of this order including:

GN Solids America is the first USA based China solids control company. GN’s products are equal in quality and performance as its US and European peers. It is sure to better serve the end users.

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