Russia’s largest oilfield services (OFS) providers saw profits decline sharply in 2025 as sanctions, weaker drilling activity, and pressure from domestic oil producers squeezed margins across the sector. Three of the so-called “Big Four” OFS companies operating in Russia — Burservis, Schlumberger, and Weatherford — reported significant declines in net profit despite relatively stable or … Continue reading Russian oilfield services providers face profit squeeze as sanctions and weak market conditions erode margins →