The top executives of SLB Ltd., Halliburton Co. and Baker Hughes Inc. said during recent quarterly calls that they see years of growth ahead for the oil and natural gas industry as they lean into efficiencies and new technologies.

SLB was the first oilfield services (OFS) giant to roll out fourth quarter results, followed by Halliburton Co. and Baker Hughes Co. Each has a considerable presence in Latin America, both onshore and offshore, where they serve exploration and production (E&P) customers and an evolving mix of clients in the industrial energy technology sector.

SLB, the world’s largest OFS provider, reported that the international markets are now the momentum driver. Most of the revenue is linked to strong gains in deepwater and shallow water activity.

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