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
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
