Press release
Oilfield Equipment Rental Services Market Share, Future Prospects, Growth Strategy of Leading Key Players by Forecast to 2023 | Halliburton Co., Oil States International Inc. , Schlumberger Ltd , Superior Energy Services Inc.
Oilfield equipment is an equipment that extracts oil and gas from the reservoir. In order to reduce the capital expenditure of these equipment, the oilfield operators take these equipment on rent or lease.
Global increasing demand for energy has resulted in rapid increase in the offshore drilling activities to meet the increasing demand, which ultimately has provided significant boost to the Oilfield Equipment Rental Services market. Moreover, new oil reserve discoveries increase the drilling and exploration activities in coming years which upsurge the demand for the market. However, environmental risks and strict government regulations for drilling as well as increasing focus on renewable energy may hinder the market growth of the market.
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Global Oilfield Equipment Rental Services Market Top Key Players:-
• Halliburton Co.
• Oil States International Inc.
• , Schlumberger Ltd
• Superior Energy Services Inc.
• and Weatherford International Ltd.
• Baker Hughes
• National Oilwell Varco
• Cameron International Inc.
• Transocean Ltd.
• B&B Oilfield Equipment Corp
Industry News:-
IronGate Energy Services, a leading provider of rental and tubular services to oil and natural gas exploration and production operators in North America, announced that it has acquired Sun Tubular Services, a provider of rental services to exploration and production operators in the Permian Basin.
Patterson was awarded with two long term contract with a major oil company to provide a 21 ¼” 5M BOP stack for a project in Africa & provide a 13 5/8 ” 15M BOP stack for a project in the Gulf of Mexico.
Patterson Rental Tools is pleased to announce the opening its latest rental tool facility in the Midland/Odessa area. This latest expansion will facilitate the coverage of the various shale plays in the Midland/Odessa area.
Regional Analysis of Oilfield Equipment Rental Services Market:-
The North America region accounts for the largest market for oilfield equipment rental market due to presence of large number of drilling activities in U.S. There is an increase in the demand for the conventional and non-conventional drilling in these region which have resulted in the growth of this market. The growth in Asia-Pacific is majorly driven by the increase in the drilling activities in countries such as India, China and Russia. The growth in Latin America is mainly due to the increase in E&P spending in this region.
Major Points From Table Of Content:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
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4 Global Oilfield Equipment Rental Services Market, By Drilling Equipment
4.1 DRILL PIPE
4.2 DRILL COLLARS
4.3 Heavy-Wate
4.4 Drill Subs
5 Global Oilfield Equipment Rental Services Market, By Pressure & Flow Control Equipment
5.1 Introduction
5.2 BOP
5.3 Valves & Manifolds
5.4 Others
Continued.....
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