New report explores hottest trends in Well Completion Equipment Market 2020-2025: Baker Hughes, Halliburton, Schlumberger, Weatherford, Welltec, Packers Plus, Resource Well

Overview of Global Well Completion Equipment Market:

The Well Completion Equipment industry has also suffered a certain impact, but still maintained a relatively optimistic growth. The past four years, Well Completion Equipment market size maintained the average annual growth rate of 9.76% from 3010 million $ in 2015 to 3980 million $ in 2019, market analysts believe that in the next few years, Well Completion Equipment market size will be further expanded, we expect that by 2025, the market size of the Well Completion Equipment will reach 5970 million $.

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Firstly, the report provides a basic overview of the Market including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major Market players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2020-2025 market shares for each company.

In the end, the report makes some important proposals for a new project of Well Completion Equipment Market before evaluating its feasibility. Overall, the report provides an in-depth insight of 2013-2025 global Well Completion Equipment market covering all important parameters.

Global Key Vendors:

1 Baker Hughes

2 Halliburton

3 Schlumberger

4 Weatherford International

5 Welltec

6 Packers Plus

7 Delta Oil Tools

8 Wellcare Oil Tools

9 Resource Well

10 Completion Technologies

11 Omega Completion Technology

12 OAO Tyazhpressmash

13 Mansfield Energy

14 Completion

15 Technology Resources

16 TEAM Oil Tools

17 Trican

18 Rasson Energy India

19 SPT Energy Group

20 Yantai Jereh

21 Petro-king

22 COSL and More………………….

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Top Business News:

Baker Hughes (November 03, 2020) - Baker Hughes Signs Agreement to Acquire Compact Carbon Capture Technology to Advance Industrial Decarbonization - Baker Hughes (NYSE: BKR) announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations.

The advancement of carbon capture technology solutions is widely considered critical to delivering the additional CO2 emissions reduction needed to meet global 2050 climate targets. In the energy and industrial sectors, carbon capture technology is among the most viable decarbonization paths for both retrofitting existing assets as well as for greenfield projects. 3C’s technology can address CO2 capture from different emission sources and can contribute significantly to the decarbonization of customers’ operations.

3C’s technology differs from traditional carbon capture solvent-based solutions by using rotating beds instead of static columns, effectively distributing solvents in a compact and modularized format. The rotating bed technology enhances the carbon capture process resulting in up to 75% smaller footprint and lower capital expenditures. In addition, 3C’s modular and scalable configuration can be easily deployed into existing brownfield applications and can be optimized for a broad range of capacity and applications, including offshore and industrial emitters.

Baker Hughes’ 100+ years of rotating equipment expertise, including in modularized and decarbonization process solutions, will provide an unmatched opportunity to scale and commercialize 3C’s technology. As part of the agreement, Baker Hughes will accelerate the development of the technology, leading to commercial deployment for customers globally.

“The addition of 3C to our energy technology portfolio complements our strategy, technology and manufacturing strengths in the area of carbon capture,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “This agreement highlights our deliberate and disciplined approach to invest in the energy transition. We are positioning our portfolio for new energy frontiers, and we believe there will be strong growth potential of carbon capture for both industrial applications and oil and gas projects. By incubating 3C’s technology, we can develop a roadmap to provide one of the industry’s lowest cost per ton carbon capture solutions.”

“Our technology plays an important role in the energy transition, and we believe this agreement with Baker Hughes is the right step to grow,” said Torleif Madsen, CEO of 3C. “As we focus on our long-term vision to develop the world’s leading carbon capture offerings, we will leverage Baker Hughes’ strong brand and technology position in the energy industry to further expand our solution by complementing it with world-class turbomachinery and process solutions and access to a global customer base. This is an immense opportunity and we are proud to join the Baker Hughes team.”

Product Type Segmentation

1 Traditional Well Completion Equipment

2 Intelligent Well Completion Equipment

Industry Segmentation

1 Onshore Wells

2 Offshore Wells

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Major Points in Table of Contents:

Global Well Completion Equipment Market Report 2020

1 Well Completion Equipment Product Definition

2 Global Well Completion Equipment Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Well Completion Equipment Shipments

2.2 Global Manufacturer Well Completion Equipment Business Revenue

2.3 Global Well Completion Equipment Market Overview

3 Manufacturer Well Completion Equipment Business Introduction

3.1 Baker Hughes Well Completion Equipment Business Introduction

3.2 Halliburton Well Completion Equipment Business Introduction

3.3 Schlumberger Well Completion Equipment Business Introduction

3.4 Weatherford International Well Completion Equipment Business Introduction

3.5 Welltec Well Completion Equipment Business Introduction

3.6 Packers Plus Well Completion Equipment Business Introduction

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