Oilfield activity outside North America will drive a 7% rise in 2013 global energy E&P...

|By:, SA News Editor

Oilfield activity outside North America will drive a 7% rise in 2013 global energy E&P spending to a record $644B, Barclays projects while recommending buying oilfield services stocks. The sector's big four - SLB, HAL, BHI, WFT - are trading below their historical levels on most measures, it says, while RDC and Noble NBL are the best value among offshore drillers.