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Oil services giant Schlumberger expects global oil and gas investment to increase

 Last Update: 2022-05-19
 Source: Internet
 Author: User

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Schlumberger, the international oil services giant, said on April 22 that it is seeing an increase in investment in global oil and gas production in response to disruptions in oil and gas supplies

"The energy sector is undergoing a shift in focus, exacerbating an already tight oil and gas market," said Olivier Lepech, the company's chief executive

"Disruptions in supply flows will lead to increased investment across the globe and across the energy value chain to ensure the diversification and security of the world's energy supply," Le Pecher said

"The combination of higher commodity prices, demand-driven activity growth and energy security in the absence of a global recession is leading to one of the strongest near-term prospects for the energy services sector, strengthening market fundamentals," he said.

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