智通财经网·2026-01-29 02:09Group 1 - The geopolitical conflicts have increased concerns about oil and gas supply reductions, leading to a rebound in Brent oil prices, which is expected to enhance the oil service industry's outlook [1] - Global oil and gas capital expenditures are currently at a low level, with active drilling rigs around 1700-1800, still below pre-2019 levels. Domestic capital expenditures are projected to decline by 1.8% and 5.1% in 2024 and 2025, respectively, but are expected to recover gradually [2] - The recovery in oil service industry sentiment is anticipated to take at least six months due to the long construction cycles of oil service projects, with a focus on high-competitiveness companies benefiting from the recovery [3] Group 2 - The ongoing geopolitical tensions and adverse weather conditions in the U.S. have impacted oil production, contributing to the rise in oil prices, which may lead to marginal increases in industry capital expenditures [1] - The domestic oil and gas sector's reliance on foreign sources remains high, and the U.S. government is promoting oil and gas development, which is expected to boost overseas oil service expenditure demand by 2026 [2] - Investment recommendations include companies such as Jereh, Deewell, Bomei, CNOOC Engineering, and Zhongmi Holdings, which are considered to have high competitiveness in the market [3]