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
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
