SLB sees new offshore activity surpassing pre-pandemic levels

DENVER (Reuters) – Top oilfield services firm SLB anticipates offshore activity will surpass levels seen before the COVID-19 pandemic, as strong demand and pricing drive new investment into the oil and gas industry.

“We maintain the view that upstream spending is very resilient,” CEO Olivier Le Peuch told investors at a conference on Thursday, adding that he sees double-digit growth in capital investment in the coming years.

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