For Investors Only -- Forbes: Innovators Among the Oil Services Companies -- The List Includes China Oilfield Services

For investors, a nice summary in Rigzone of Forbes research identifying innovators among oil services companies.

A recent issue of Forbes magazine carried an article by three business school professors who have studied the world's most innovative companies for the past eight years, which is the subject of their book, The Innovator's DNA. The professors' efforts were directed to trying to identify those companies that are consistently innovative and to determine the particular skills that set their managers apart from the rest of the corporate world.

What the professors observed is that there is a significant stock market premium assigned to companies identified as the most innovative companies.  [Not surprising.]

Included in the group of leading innovative oilfield service companies are the two largest companies in the industry – Schlumberger and Halliburton – and two of the leading drilling equipment companies – FMC Technologies and Cameron International. The remaining two companies among this cadre were foreign companies – China Oilfield Services and Tenaris SA. 

I used to hold shares in Tenaris but sold Tenaris to buy shares in a pure-Bakken play company some time ago. I forget how I first learned about Tenaris; interesting to see it on the "short" list of innovative oil services companies.