For oil and gas service companies, 2013 looks to deliver much of the same as 2012 did, according to industry giant Baker Hughes . Oversupply of rigs in the North American market will continue to pressure land operations, while the Gulf of Mexico carries the lion's share of interest in the area. With reductions in North American capital expenditures for 2013, look for Baker Hughes to target key international markets, much like its larger brethren, Schlumberger . The upcoming year is likely to see a jet-setting Baker Hughes hopping around the globe in search of revenue and profit gains. In the video below, Motley Fool energy analyst, Taylor Muckerman provides some insight into which areas the company may direct its focus.
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Domestic oil and gas service companies have taken a hit in the recent past due to a slowdown in the natural gas drilling boom of the last couple of years. As this market looks to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.
The article What's On Deck for Baker Hughes in 2013? originally appeared on Fool.com.
Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Halliburton, Petroleo Brasileiro S.A. (ADR), and Statoil (ADR). The Motley Fool owns shares of Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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