SOURCE: Wall Street Equity Research

Wall Street Equity Research

October 01, 2010 09:27 ET

Professional Research on Helix Energy Solutions Group and Global Industries -- The Future Looks Promising for the Oil & Gas Equipment & Services Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - October 1, 2010) - allows shareholders to gain full understanding of the economic and market forces influencing the oil & gas equipment & services industry, and offers free research on industry players Helix Energy Solutions Group Inc. (NYSE: HLX) and Global Industries Ltd. (NASDAQ: GLBL). Register today at to receive free research reports on these companies.

The moratorium on oil drilling following BP's Deepwater Horizon oil spill has hurt the Oil and Gas Equipment and Services sector in the short-term. However, despite flagging business the industry could actually benefit from the fallout of the incident due to the more stringent precautionary regulations anticipated to be placed upon oil operators. New safety codes should elicit higher spending within the sector as operators shell out money to upgrade their rigs so they can start production once again. The moratorium is scheduled to terminate at the end of November, though it is possible the government will lift the ban prior to that date. Production is not expected to continue for some time even after the ban is lifted as companies will still need time to meet new standards. is a specialized website where investors can have complete access to free reports on oil & gas equipment & services industry; traders looking for analyst opinions on Helix Energy Solutions Group Inc., Global Industries Ltd. and other players in the industry are welcomed to sign up for a free one year membership at

Another piece of government regulation has also benefited the Oil and Gas Equipment and Services sector. Recently, the U.S. Department of the interior announced a new mandate requiring oil & gas operators to close and dismantle wells that had been lying dormant for five or more years. Companies must start the process by Oct. 15th. This should help the equipment and services industry players such as Helix Energy Solutions Group Inc. and Global Industries Ltd. because much of the equipment used to create wells is also useful in dismantling them. Shareholders and investors can sign up today at or to download the full report on Helix Energy Solutions Group Inc. and Global Industries Ltd.

With offshore drilling at a halt, a recovery in oil prices has spurred onshore oil production activity. U.S. onshore oilrigs doubled during the past year and aptly positioned companies within the sector have benefited greatly. An uncharacteristic stabilization in oil prices over the past year is expected to ignite a surge in equipment spending as companies vie for clean energy grants built into the American Recovery and Reinvestment act of 2009. Visit us at to understand the catalysts and forces driving or affecting oil & gas equipment & services stocks.

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