The latest industry research report on Oilfield Services by MRC provides a thorough analysis of the global Oilfield Services market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the Oilfield Services industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative analysis of the industry taking into consideration the significant development factors, competition in the market, and important reasons impacting the market growth.
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Technavio Announces the Publication of its Research Report Global Oilfield Services Market 2017-2021
Technavio recognizes the following companies as the key players in the global oilfield services market: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford
Other Prominent Vendors in the market are: Aker Solutions, AKOFS OFFSHORE, ALTUS Intervention, Axis Well Technology, Blue Spark Energy, Calfrac Well Services, China Oilfield Services, Danum Well Services, DeepWell, Expro Group, Frontier Oilfield Services, Gulf Intervention Services DMCC, Key Energy Services, Kinetic Services, Nabors Industries, Nordic Well Services, Oceaneering International, Peak Well Systems, Superior Energy Services, The Weir Group, TechnipFMC, Welltec, Wild Well Control, WISE Intervention Services, and Workover Solutions.
Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is New-generation automated drilling rigs. The recent crude oil price slump, which started in July 2014, has led to reduced capital expenditure for exploration. The decline in crude oil price continues to shrink the profit margins of the upstream companies, thus calling for improving operational efficiencies. An important tool that can drive margins and increase operational efficiency is the use of digital technology in the upstream oil and gas industry
According to the report, one of the major drivers for this market is Rise in drilling in unconventional areas. Unconventional oil and gas resources include shale gas, coal bed methane, gas hydrates, tight oil, oil sands, and others. These resources are costly to produce and difficult to exploit. Technological advances and operational efficiencies have driven cost reductions, thus spurring the exploitation of unconventional resources. In the US, the shale gas boom saw the rise of unconventionally produced natural gas supplies. The huge discovery of oil sands in Canada have shown unlimited opportunities for oil exploration. As the focus shifts toward natural gas, unconventional resources like coal bed methane (CBM) and underground coal gasification (UCG) have seen considerable growth.
Further, the report states that one of the major factors hindering the growth of this market is Decline in oil rig count. Global crude oil prices witnessed a dramatic fall in July 2014, which severely impacted the upstream segment of the oil and gas industry. This led to a reduction in drilling activities, which was reflected in the fall in rig count worldwide. Thus, the fall in crude oil prices had a severe impact on the drilling segment. The global rig count fell by 31.8% from 2015 to 2016, and by 55.5% from 2014 to 2016.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Oilfield Services
Oilfield services companies offer a range of services and applications such as formation evaluation, well construction, casing and cementing services, completion and stimulation, production, and artificial lift activities. The size and scope of the oilfield services companies vary widely. Large companies may offer multiple oilfield services; however, smaller companies may specialize in a single service. Oilfield services companies are granted contracts by the E&P companies to perform operations at a single well or multiple wells or for different wells located in different reservoirs.?
Technavios analysts forecast the global oilfield services market to grow at a CAGR of 3.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oilfield services market for 2017-2021. To calculate the market size, the report considers the oilfield service market value and exclude oilfield service equipment aftermarket and repairs.
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The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Oilfield Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
Other prominent vendors
Aker Solutions
AKOFS OFFSHORE
ALTUS Intervention
Axis Well Technology
Blue Spark Energy
Calfrac Well Services
China Oilfield Services
Danum Well Services
DeepWell
Expro Group
Frontier Oilfield Services
Gulf Intervention Services DMCC
Key Energy Services
Kinetic Services
Nabors Industries
Nordic Well Services
Oceaneering International
Peak Well Systems
Superior Energy Services
The Weir Group
TechnipFMC
Welltec
Wild Well Control
WISE Intervention Services
Workover Solutions
Market driver
Rise in drilling in unconventional areas
For a full, detailed list, view our report
Market challenge
Decline in oil rig count
For a full, detailed list, view our report
Market trend
New-generation automated drilling rigs
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Market outline
PART 05: MARKET LANDSCAPE
Market overview
Market size and forecast
Five forces analysis
PART 06: MARKET SEGMENTATION BY APPLICATION
Global oilfield services market by application 2016
Global oilfield services market by application 2021
Global oilfield services market by application 2016-2021
Global oilfield services market by onshore
Global oilfield services market by offshore
PART 07: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
Americas market size & forecast
EMEA market size & forecast
APAC market size & forecast
Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
New-generation automated drilling rigs
Laser drilling in the oil and gas industry
Supercritical carbon dioxide in shale gas fracking
PART 11: VENDOR LANDSCAPE
Competitive scenario
Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
Baker Hughes
Halliburton
National Oilwell Varco
Schlumberger
Weatherford
PART 13: APPENDIX
List of abbreviations
List of Exhibits
Exhibit 01: Major segments of oil and gas industry
Exhibit 02: Global Oilfield Services Market
Exhibit 03: Global oilfield services market 2016-2021 ($ billions)
Exhibit 04: Five forces analysis
Exhibit 05: Global oilfield services market by application 2016 (%)
Exhibit 06: Global oilfield services market by application 2021 (%)
Exhibit 07: Global oilfield services market by application 2016-2021 (%)
Exhibit 08: Global oilfield services market by onshore 2016-2021 ($ billions)
Exhibit 09: Global oilfield services market by offshore 2016-2021 ($ billions)
Exhibit 10: Global oilfield services market market size & forecast (%)
Exhibit 11: Regional comparison
Exhibit 12: Americas market size & forecast ($ billions)
Exhibit 13: Americas Year over year growth (%)
Exhibit 14: Top 3 countries in Americas
Exhibit 15: EMEA market size & forecast ($ billions)
Exhibit 16: EMEA Year over year growth (%)
Exhibit 17: Top 3 countries in EMEA
Exhibit 18: APAC market size & forecast ($ billions)
Exhibit 19: APAC Year over year growth (%)
Exhibit 20: Top 3 countries in APAC
The research report focuses on the analysis of its major geographies, and different segments. This all-inclusive study discusses the current market development and trends, important factors driving market growth like drivers, restraints, market projections, and market structure for each region and its sub-segments. It also provides glimpses on the recent technological advancements in the market along with detailed profiles of key industry players. The report also includes an analysis of the micro and macro aspects noteworthy for the present active and the new entities apart from the study of the value chain.
Report Details @https://marketreportscenter.com/reports/562188/global-oilfield-services-market-2017-2021
Key Topics Covered in the Report:
The report brings to your attention analysis of the Oilfield Services market in major geographies including North America, Europe, the Asia-Pacific, and the Rest of the World. This research report provides a complete insight of the market trends and guides in making informed business decisions. It gives a clear understanding of the competitive environment, key market players, their portfolio, and strategies. It also features a technological growth map over a time and helps understand its impact on the market.
Market Scope
The research report takes different facets into consideration to scrutinize the global Oilfield Services industry. It brings to your attention market overview, market trends and future outlook, market growth and dynamics, market challenges and opportunities, competitive landscape, and potential investment segment.
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