Crude Oil, Natural Gas, Refined Products, Diesel-Gasoil
April 30, 2026
Service company earnings: Infrastructure shifts, e-fleets, and Latin American growth
Featuring Jeff Mower, Binish Azhar, Sheky Espejo, and J Robinson
HIGHLIGHTS
Service firms pivot to infrastructure, e-fleets
Diesel costs drive shift to gas, electric power
Latin America shows growth in Mexico, Venezuela
In this episode of the Oil Markets Podcast from S&P Global Energy, host Jeff Mower dives into first-quarter earnings from major oil and gas service companies, including SLB, Baker Hughes, and Halliburton. Joined by S&P Global editors Binish Azhar, Sheky Espejo, and J. Robinson, the panel explores the sector's strategic pivot toward energy infrastructure and generation amid geopolitical uncertainties.
Why are US shale producers still focused on completions despite high oil prices? How are surging diesel prices and record-low natural gas prices at the Waha hub driving the industry shift from diesel-powered frack spreads to natural gas and electric fleets? How is next-generation fracking technology being deployed in Argentina's Vaca Muerta? Are Pemex payments stabilizing in Mexico? Is there reason for cautious optimism surrounding Venezuela's future production goals? Join us for a wide-ranging conversation on these topics and more.
