Check out some interesting headlines around the industry this week.
Renting Oilfield Equipment Helps Producers Cut Costs and Maximize Revenues (Boe Report)
"In the current industry downturn, companies of all shapes and sizes are doing everything they can to cut costs and maximize revenues. How this is done varies from one company to another. But typically, the first thing management will look to do is trim the fat, so to speak. Efficiency is king." Read more
2016-2020 of Construction Equipment Will Be Further Driven in Revenues with the Increasing Adaptation of Excavators (WhaTech)
"Rising global population, thus constantly increasing demand for residential space across the world is boosting the Construction Equipment Market for performing tasks like hoisting, excavating, hauling, paving, grading, and drilling. Building and Realty Sector is the leading application field for the usage of the equipment like excavators, loaders, construction tractors, graders, rollers, scrapers, conveyors, cranes, compactors, and pavers." Read more
Patent Infringment Cases Increases in Oil and Gas Business (Bloomberg)
"As the price of oil has fallen, an increasing number of intellectual property suits, especially patent infringement complaints, have been filed among oil field service and equipment companies. A direct result of falling oil prices, patent suits in the oil and gas sector have been steadily increasing since late 2014, Paul Morico, deputy department chair of Baker Botts LLP’s intellectual property section, told Bloomberg BNA." Read more
Annual Strategy Guide 2016 - World's 7 Leading Construction Equipment Manufacturers - Strategic Focus and Priorities(PRNewswire London)
"The global construction equipment market continues to face significant headwinds with the market having witnessed its third straight year of demand contraction in 2015 with continued economic challenges across China, Brazil & Russia impacting investments towards infrastructure development across these markets." Read more
Iran's Construction Equipment Market is Estimated to Grow by 7.9% in 2016 (Research and Markets)
"Research and Markets has announced the addition of the "Iran Construction Equipment Market (2016-2022)" report to their offering. Post implementation of US sanctions, the economy of Iran declined significantly. The sanctions impacted several infrastructure development activities throughout the country. Moreover, country's currency depreciated drastically along with the FDIs. However, economic conditions are expected to change 2016 year onward on account of complete removal of sanctions." Read more
