Highlights Sees ‘short-cycle activity resurgence’ in 2022 Long-cycle projects also gain momentum Strong growth expected in offshore markets Recovery from the coronavirus pandemic continues to improve the energy landscape, as both oil prices and demand around the world gain momentum after two quiet years of spending and drilling austerity, oilfield services giant Schlumberger said Jan. 21. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Schlumberger expects “a period of stronger short-cycle activity resurgence” in 2022, driven by improved visibility in demand recovery and greater confidence in the oil price environment, company CEO Olivier Le Peuch said during a fourth-quarter earnings call. “We expect an increase in capital spending of at least 20% in North America, impacting both the onshore and offshore markets,” which will be felt in the first half of the year, Le Peuch said. “Internationally, capital spending is projected to increase […]