As U.S. Drilling Cools, Oilfield Service Firms Chase Middle East Demand
Market Intelligence Analysis
AI-PoweredThe US shale revolution has transformed the country into the world's top oil and natural gas producer, but now oilfield service firms are shifting focus to the Middle East due to declining US drilling activity.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
The U.S. shale revolution is widely considered one of the most significant energy, economic, and industrial transformations in American history. By combining horizontal drilling and hydraulic fracturing (fracking) to unlock massive oil and gas reserves from shale rock, the energy revolution reversed decades of declining production, transformed the U.S. into the world's top oil and natural gas producer and a net exporter of oil while reshaping global energy markets. The U.S. shale revolution more than doubled total U.S. petroleum and other liquids…
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