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US upstream week in brief: OFS heavyweights gear up for international recovery
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Report summary
Halliburton and Schlumberger's quarterly earnings calls were full of optimism and hinted at a recovery in international activity. In which regions can the service sector expect to see the most demand growth? Onshore, Matador Resources and Plains All American Pipeline announced a partnership that will help move crude oil out of the Delaware Basin. Other stories this week include: • Cactus II crude oil pipeline in the Permian secures sufficient commitments to begin construction • Painting with a broad brush: tax reform provides uplift to asset valuations
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