Oil and Gas Field Services Market to Garner Brimming Revenues by 2017-2027
Oil and Gas field service companies offers services to various oil & gas explorations companies helping in various oil-related activities, such as extraction, drilling, exploration, completion, stimulation, intervention production and transportation among others, for fulfilling different purposes over the entire oil well exploration life cycle. The primary consumers comprises of oil and gas production and exploration companies which require drilling equipment and services whereas the secondary consumers are the companies which convert oil and gas into other forms of energy. Examples of secondary consumers include oil processing power plants, refineries, etc.
Efforts are being made to discover new oil and gas fields to cater to the escalating demand of energy and petroleum products, especially from end-user sectors, such as, power plants, transportation and other industries. Besides the fact that crude oil production is increasing with every passing day, this is expected to be the primary driver for this market over the forecast period.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5633
Liberation of Mexican oil and gas industry as well as the combined shale gas revolution in the U.S. and China is anticipated to fuel the oil and gas field services market globally.
Oil and Gas Field Services Market: Dynamics
The increasing demand for petrochemicals and energy coupled with growing investments in oil & gas exploration activities is expected to drive the Oil and Gas Field Services market during the forecast period. Repair and overhaul activities are also expected to fuel the demand of Oil and Gas Field Services in the forecast period.
The demand for oil and gas services varies directly with the change in the prices of oil and gas. For instance, if there is a surge in the prices of petroleum products, the exploration companies will target drilling service providers, thereby driving the oil and gas filed services market.
Development of technologies, such as enhanced oil recovery, is anticipated to further drive the onshore Oil and Gas field services market.
Increased investments in research and development of equipment for drilling, which can save time, is also expected to accelerate the oil and gas field service industry over the forecast period.
On the contrary, current slowdown of oil production, related operational challenges and resultant environmental concerns are expected to hamper the growth of the oil and gas field services market.
Oil and Gas Field Services Market: Segmentation
Oil and Gas Field Services Market can be segmented on the basis of application into:
Oil and Gas Field Services Market can be segmented on the basis of services into:
Oil and Gas Field Services Market can be segmented on the basis of consumers into:
Oil and Gas Field Services Market: Regional Outlook
North America is expected to hold a major share in the Oil and Gas field services market due to new technological advancements used to explore shale gas and deep water productions.
Middle East and Africa is also expected to witness significant growth in Oil and Field Services industry during the forecast period due to the presence of a huge number of oil and gas reserves in the region.
The Asia Pacific region is expected to witness growth in Oil and field gas services industry during the forecast period. Large LNG facilities in Curtis Island and the construction of Wheatstone and Prelude LNG plants in Western Australia will fuel the Asia pacific oil and gas Field services market.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/toc/rep-gb-5633
That aside, the presence of a large number of refineries in China and Japan is also expected to spur the growth of Oil and gas field services during the forecast period.
Oil and Gas Field Services Market: Market Participants
Examples of some of the market participants identified across the value chain Oil and Gas Field Services market include:
Baker Hughes Inc.
National Oilwell Varco
National Oilwell Varco
Superior Energy Services, Inc. (U.S.)
GE Oil & Gas (U.K.)
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Oil and Gas Field Services Market to Garner Brimming Revenues by 2017-2027 here
News-ID: 943398 • Views: 157
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Oil
Oil Refining Pumps Market |
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East, and the US, compensating for fall in oil production in Iran and Venezuela. The demand for
Oil Sands - Thematic Research
Oil Sands - Thematic Research Summary Oil sands, an unconventional hydrocarbon resource, holds vast growth potential for crude oil production amid declining output from maturing conventional fields and slowing pace of new discoveries. The oil sands deposits in Alberta, which are among the world's largest hydrocarbon reserves, are playing an influential role in driving the oil and gas industry in Canada. Despite facing severe backlash from environmentalists around the world, there has
Gingelly oil Market
https://www.qandqmarketresearch.com/reports/7431261/gingelly-oil-market-48 The global Gingelly oil market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 20192025. This report focuses on Gingelly oil volume and value at global level, regional level and company level. From a global perspective, this report represents overall Gingelly oil market size by analyzing historical data and future prospect. Regionally, this report focuses on
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Cottonseed Oil Market
Global cottonseed oil market is expected to grow at a steady rate as the product is used in processing of many food & beverage products. It has neutral flavour and is said to enhance the natural taste of food products in which they are used. Thus, they are used extensively for frying and baking purposes. Margarines, whipped toppings, icings, salads, potato chips & french fries, cereals, baked goods, stir-fried and
Automotive Gear Oil Market
Automobile gears (or cogs) are rotating machine part having cut teeth, or cogs which mesh with another toothed part in order to transmit torque. The arrangement of two or more gears forms automotive transmission system. Automotive gear oil can be petroleum or synthetic based, used especially for lubricating automotive gears for all class of vehicles. It provide high transmission efficiency, reduce engine heating, provides proper clutch friction, insure better oxidation