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
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
