PE Live: OFSE consolidation needed to attract capital
Creating larger companies with a greater reliance on technology could provide the stable and larger returns that investors seek
The oilfield services and equipment (OFSE) sector seems set for a major overhaul as it seeks to attract capital amid low oil prices and technological change sweeping through the sector, according to the panellists on PE Live 4 webcast last week. Innovation is one of the key factors that will drive change in the OFSE sector, according to Celine Delacroix, global head of oilfield services at professional services firm EY. “Companies need to do more with less capital, less time and fewer people, so the need to innovate is going to be stronger than ever,” she says, adding that there is momentum towards remote working and operations, as well around artificial intelligence, machine learning and th
Also in this section
9 January 2026
OPEC+ remains on track as output falls, with only Gabon failing to hit its output targets in December, although Kazakhstan’s compliance was involuntary
9 January 2026
The Latin American producer’s crude prospects rely on a multi-pronged approach where even the relatively easy wins will take considerable time, effort and cost
9 January 2026
While many forecasters are reasserting the importance of oil and gas, petrostates should be under no illusion things are changing, and faster than they might think
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
