Check out some interesting industry headlines from the last week of January:
Halliburton Focusing on Higher-Dollar Customers During Downturn:President (Platts)
" The low oil prices of the past year, which are expected to continue in 2016, have led oilfield services giant Halliburton to focus on larger, higher-dollar customers, a top executive said Monday. Those customers typically have "fairway acreage in the [top] basins and stronger balance sheets," company president Jeff Miller said during a quarterly conference call. In North America, where the downturn that began in mid-2014, but sharpened late that year, and has been most severe, Halliburton's top 17 customers comprise 50% of its revenues, Miller said." Read more
Medium Excavators Prove Versatile Workhorses (Construction Equipment)
"Hydraulic excavators with operating weights of 60,000 to 80,000 can take on varied big projects, yet are relatively easy to move site to site." Read more
Technavio Expects the Global Construction Equipment Market to Surpass USD 270 Billion by 2020 (BusinessWire)
"According to the latest market study released by Technavio, the global construction equipment market is set to post a CAGR of more than 11% by 2020." Read more
Zimbabwe: Murowa Diamond Mine Buys U.S. $6 Million Equipment (AllAfrica)
"Zvishavane based Murowa Diamonds has invested over $6m in the purchase of new mining equipment as part of its expansion programme. The equipment comprises excavators, dump trucks, dozers and graders and, according to Murowa board chairperson Lovemore Chihota, will help "increase waste stripping and the amount of ore exposed for processing in the future." Read More
