---
title: "Upstream capital expenditure increases, oil service companies have sufficient orders"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272619397.md"
description: "International oil prices are expected to remain at a medium to high level in 2025, with steady growth in oil and gas demand. An executive from a certain oil service company in the A-share market stated that as long as oil prices are supported, oil and gas demand will remain stable, and the oil service industry still has good business opportunities. International oil companies plan to steadily increase capital expenditures in 2026, and domestic oil service enterprises have sufficient orders, with expectations of continued growth in oil and gas demand, bringing more business opportunities to oil service companies"
datetime: "2026-01-15T00:31:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272619397.md)
  - [en](https://longbridge.com/en/news/272619397.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272619397.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/272619397.md) | [繁體中文](https://longbridge.com/zh-HK/news/272619397.md)


# Upstream capital expenditure increases, oil service companies have sufficient orders

"Although international oil prices will fluctuate in 2025, they are expected to maintain a medium to high operating level, and the demand for oil and gas is steadily increasing," said an executive from a certain oil service company listed on the A-share market when discussing the current state of the industry. As long as oil prices are supported, the demand for oil and gas can remain stable, and the oil service industry still has good business opportunities. Recently, some international oil companies have disclosed their capital expenditure plans for 2026, with "steady increase" likely becoming the main theme. Journalists have also learned from several domestic oil service companies that the relevant companies have sufficient orders on hand and intended orders for 2026. Considering the latest international situation and the development of oil and gas resources, the demand for oil and gas is likely to maintain stable growth, which will bring business opportunities to oil service companies that rely on "operational volume." (Shanghai Securities Journal)

## Related News & Research

- [Iraq Said to Shut Down BP Oil Field, Others Amid Strait of Hormuz Closure](https://longbridge.com/en/news/277658292.md)
- [United States Oil Fund Reports Strong January 2026 Performance](https://longbridge.com/en/news/277211673.md)
- [JP Morgan CEO Dimon on developments in Iran says this right now will increase gas prices a little bit - CNBC interview](https://longbridge.com/en/news/277508567.md)
- [Chinese Oil, Shipping Giants Say Impact of Middle East Conflict Remains Uncertain](https://longbridge.com/en/news/277728813.md)
- [What to expect from oil and gas prices as strikes on Iran continue](https://longbridge.com/en/news/277360937.md)