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Northbridge Industrial Services Plc

Rental vs buying oil tools

Depressed oil and gas prices have put the pressure on upstream oil and gas companies to increase efficiency at every level. Companies have been looking to rent oilfield equipment to reduce equipment costs. Renting equipment can be a great way to save costs, yet purchasing equipment also has its benefits. Factors such as downtime, storage, transport and availability will effect equipment costs. Sometimes it may be a case of purchasing some equipment and hiring other items depending on your needs. In this post Tasman Oil Tools will outline how to choose whether to buy or rent your oil tools.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base and has grown organically and by the acquisition of companies in the UK and abroad and through investing in those companies to make them more successful. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.