Weak Q1 25 earnings show the OFS industry is in for a turbulent

Recently released for Energy Aspects subscribers, our analysis reveals a challenging outlook for oil field services companies. Q1 2025 earnings for Baker Hughes, Halliburton, and SLB dropped by a third quarter-on-quarter, to a combined $1.7 billion, the first such decline since Q1 2024.

What you'll discover in this analysis:

Major OFS companies' earnings trends and industry health outlook for 2025.
Contrasting performance between tight oil activity and deepwater operations.
Tariff implications for OFS supply chains and equipment manufacturing.
Regional market performance across North America, Mexico, and Saudi Arabia.
Strategic responses to shareholder expectations during market turbulence.

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Qatar LNG: why Hormuz recovery will be slow and uneven

July 3, 2026

Iran's attacks on Hormuz vessels show why Qatar's LNG recovery will be slow. We explain what this means for Asian and European gas markets.

Low stocks, sky-high margins, even higher freight

July 1, 2026

Clean product inventories are now at their lowest level since 2015. Global onshore crude stocks continue drawing nearly 4 mb/d.

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Europe gas storage shortfall and TTF price outlook

June 25, 2026

EU gas storage stands 15 bcm below the five-year average. Our analysis explains why TTF prices need to stay elevated through summer.