Hardide customers predict a new multi-year expansion cycle for oilfield contractors

Shale-oil companies are using almost all of the fracking equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry.

North American oil drillers appear likely to expand spending by more than 25% this year while overseas explorers are on course for a more modest increase in the mid teens, Halliburton Co.

Halliburton joined larger rivals Schlumberger and Baker Hughes Co. in predicting a new multi-year expansion cycle for oilfield contractors, although Halliburton was the only one among the trio to boost shareholder payouts.

Hardide coatings extend the operational life of critical components across the energy industries including oil & gas, alternative energy and power generation. 

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