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What does net zero mean for Europe’s oilfield services companies?

Find out direct from the industry in our latest report: Decision Time

Read the full report

Executive Summary 

The global ambition to fall in line with the Paris Agreement is putting immense pressure on the oil and gas sector. The energy transition to renewable energy requires another transition: to a new breed of oilfield services companies. 

How will Europe’s oilfield services companies meet this challenge? Where do executives expect to see the greatest opportunities to reinvent themselves? And what will differentiate them from the global pack?

Europe’s oilfield services companies are committed to change 

are redefining what their core business should be because of the energy transition.


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‘Decision Time’ is a fascinating industry report that takes a close look at the European oilfield services sector at a time of unprecedented change. 

The report reveals a sector already going through fundamental change, with 74% of respondents redefining what their core business should be due to energy transition and growing renewable markets.

‘Decision Time’, based on a survey of more than 180 senior industry executives from across Europe, looks at the confidence in the industry to meet the transition challenges. It looks at how innovation can support a new direction for the industry and what opportunities there are for oilfield services businesses to flourish in the new energy era.

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