Related Articles
Forward article link
Share PDF with colleagues

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



{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
BP’s Angolan JV could provide future template
3 August 2021
The major’s pooling of non-core resources with Italy’s Eni may be a model moving forward
Book review: Leftist history of the UK oil industry offers wider appeal
3 August 2021
It is easy to identify the sympathies of the authors. But that does not diminish the vivacity of the tale they have to tell
Letter from China: Covid resurgence compounds economic concerns
3 August 2021
China’s economy faces headwinds that go beyond than the arrival of the Delta variant
Sign Up For Our Newsletter
Project Data
PE Store
Social Links
Social Feeds
Featured Video