JPM OFS and Equipment Weekly Insights & Analytics: Key OFS Takeaways from 2026 JPM Natural Resources Conference

Research evidence excerpt

JPM OFS and Equipment Weekly Insights & Analytics: Key OFS Takeaways from 2026 JPM Natural Resources Conference

red to the distributed power theme, but the updates were U.S. Frac Market Mini-Deep Dive Series

notably light on newly contracted megawatts, albeit heavy on their supply chain 2022 Global Energy Capex Survey

positioning. That said, we were encouraged that PUMP’s project to supply 60 MW Tenaris Mini Deep Dive

of power to a Midwest data center is operational, which provides important proof

E&P Budget Watch Part XXXpoints to its capabilities in this emerging growth segment.

U.S. Pressure Pumping Mini Deep-Dive

On the other hand, OCTG pricing for TS has turned into a near-term bright spot on JPM 2021 Energy Tech Tour Takeaways

tightening supply/inventory dynamics (with seamless improving faster than 2021 OFS Fall Playbook

welded), while the offshore tone has improved on rising tendering activity and 2021 E&P Fall Playbook

FTI’s view that cycle-time compression is increasingly shifting incremental

Private Company Deep Dive Series: Daycapital back toward deepwater vs. U.S. shale. Outside North America, we noted

1: Well Productivitysigns of a Middle East recovery taking shape over 2Q26 with companies

positioning for a workover and intervention-heavy rebound over the next few Private Company Deep Dive Series: Day

quarters, although near-term profitability will continue to be impacted by elevated 2: Shale Rig Count Trends

logistics and raw material cost inflation associated with the Strait of Hormuz Private Company Deep Dive Series: Day

disruptions. NESR expects to scale its revenue run-rate to $2.0bn per annum 3: The “Private E&P”

largely on the back of rising activity at Jafurah, with CEO Foda highlighting a Private Company Deep Dive Series: Day