PE Live: OFSE sector should embrace the transition
As the pace of the energy transition accelerates, oilfield companies are increasingly applying their engineering expertise to a more diverse range of applications
The oilfield services and equipment (OFSE) sector should embrace the energy transition and apply its expertise to the challenges faced by renewable energy and the creation of a hydrogen economy, according to the panellists on the PE Live 4 webcast last week. The energy sector has experienced two blows—Covid-19 and the oil price crash—at the same time and was not immediately certain whether these would cause the transition to slow down—due to economic constraints—speed up or remain the same. “12-18 months ago I would have worried whether companies had really committed to the climate agenda,” says Martyn Link, chief strategy officer at energy services company Wood. “But 2019 was a tipping poi
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
