AS Brent crude prices burst through $90 per barrel and field operators slowly open the spending taps, the oil services sector is back with a bang. "We have increased confidence in our view of robust, multi-year market growth," trumpeted Olivier Le Peuch, chief executive of the world's biggest services group. Schlumberger had just reported fourth-quarter net income of $601 million, more than 60% higher than a year earlier. Rival Halliburton said there was a sense of "customer urgency" as global energy demand bounced back from the lows caused by the pandemic. It unveiled net income of $824 million for the final three months of 2021 compared with a $235 million loss for the same quarter of 2020.
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