Press release
Impact of Unconventional Oil and Gas Reserves on the Global Oil and Gas Tubular Goods Market
Oil and Gas Tubular Goods Market
Competitive Landscape and Regional Demand
Key players in the oil and gas tubular goods market include Tenaris, Vallourec, TMK Group, United States Steel Corporation, Nippon Steel and Sumitomo Metal Corporation, National Oilwell Varco, SPIE Oil and Gas Services, Hunting Energy Services, Key Pipe Co. LLC, Argus Machine Co. Ltd, Benteler International AG, MRC Global Inc., ACE, O.C.T.G. Ltd., Centric Pipe, LLC, U.S. Steel Tubular Products, Sandvik AB, and Energex Tube. The Asia-Pacific region is experiencing the highest demand for oil and gas tubular goods, attributed to its large population and rapid development of energy infrastructure in countries like China and India.
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United States: Growth and Consolidation
In the United States, the oil and gas tubular goods market is witnessing significant growth, supported by favorable policies and technological advancements. Notable mergers and acquisitions include Chevron Corporation acquiring Hess Corporation in an all-stock deal for $53 billion, expanding its presence in the US shale plays and in oil-rich Guyana. Additionally, Sunoco LP expanded its presence in Europe by acquiring TanQuid, Germany's largest independent terminal operator, enhancing its global footprint.
Asia-Pacific: Opportunities and Trends
The Asia-Pacific region presents substantial opportunities for oil and gas tubular goods market growth, driven by increasing energy demand and government initiatives. Countries like India and China are investing in advanced drilling technologies and expanding their exploration activities to meet growing energy needs. For instance, India has introduced policies aimed at boosting domestic oil and gas production through the Open Acreage Licensing Policy (OALP) and Hydrocarbon Exploration Licensing Policy (HELP). These initiatives are designed to attract investment into the sector and enhance domestic production capabilities
Europe: Trends and Updation
Europe's oil and gas tubular goods market is evolving with the integration of advanced technologies and a focus on energy diversification. The region is also focusing on updating existing energy infrastructure to comply with new environmental and safety regulations. The European Union has unveiled a new plan to phase out Russian gas imports by 2027, posing a significant variable for the future growth of US liquefied natural gas (LNG) exports. If successful, the EU roadmap could result in final investment decisions on 45.5 million metric tons per year of new US LNG capacity, bolstering the US share of EU imports and potentially doubling US LNG exports by the early 2030s
Middle East and Africa: Growth and Development
The Middle East and Africa are experiencing growth in the oil and gas tubular goods market due to increasing investments in energy infrastructure and the adoption of advanced drilling technologies. Countries in the Gulf Cooperation Council (GCC) are particularly focusing on enhancing their energy production capabilities. For example, ADNOC Drilling, a subsidiary of Abu Dhabi's state oil giant, reported a 24% rise in first-quarter 2025 profit to $341 million, compared to $275 million in the same period last year. This increase was primarily driven by a 134% surge in oilfield services revenue, reaching $342 million, fueled by expanding unconventional and integrated drilling activities
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Breaking Down the Oil and Gas Tubular Goods Market: Key Segments Shaping the Industry
by Grade
API
Premium
by Product
Seamless
Electric Resistance Welded
by Application
Onshore
Offshore
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Meet the Industry Leaders Revolutionizing the Oil and Gas Tubular Goods Market
1. Tenaris
2. Vallourec
3. TMK Group
4. Unite States Steel Corporation
5. Nippon Steel and Sumitomo Metal Corporation
6. National Oilwell Varco
7. SPIE Oil and Gas Services
8. Hunting Energy Services
9. Key Pipe Co.LLC
10. Argus Machine Co. Ltd
12. Benteler International AG
13. MRC Global Inc.
14. ACE
15. O.C.T.G. Ltd.
16. Centric Pipe, LLC
17. U.S Steel Tubular Products
18. Sandvik AB
19. Energex Tube
20. Others
Uncover Key Insights Answering the Biggest Questions in the Oil and Gas Tubular Goods Market
What is Oil and Gas Tubular Goods ?
What is the growth rate of the Oil and Gas Tubular Goods Market?
Which are the factors expected to drive the Oil and Gas Tubular Goods market growth?
What is the CAGR at which the Oil and Gas Tubular Goods market will grow during the forecast period?
What are the different segments of the Oil and Gas Tubular Goods Market?
Which is the fastest growing region in the Oil and Gas Tubular Goods market?
What growth strategies are the players considering to increase their presence in Oil and Gas Tubular Goods ?
What are the upcoming opportunities and trends for the Oil and Gas Tubular Goods Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Oil and Gas Tubular Goods Market?
Who are the leading companies and what are their portfolios in Oil and Gas Tubular Goods Market?
What segments are covered in the Oil and Gas Tubular Goods Market?
Who are the key players in the Oil and Gas Tubular Goods market?
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Explore the Revolutionary Products Powering Market Success
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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