What is oilfield services industry
The list of oilfield service companies includes companies that provide services to the petroleum exploration and production industry but that do not typically 12 Nov 2019 Caught in a cutthroat competition, oilfield service companies are pitted against one another for business, E&Ps are taking advantage of an 11 Sep 2019 In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield 14 Aug 2019 The oilfield services sector is considered to be an essential partner for range of technology, product, and services to the oil and gas industry. 6 Oct 2011 Halliburton: Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 17 Jul 2019 N, said of the oilfield services industry in May. “Everyone understands that trying to reduce our cost structure is not going to be how we improve
The oilfield services market is expected to grow at a CAGR of over 3% during the forecast period of 2020 – 2025. Factors such as increase in demand for advanced technology, tools and equipment to increase efficiency of exploration and production activities in onshore and offshore areas is expected to drive the market for oilfield services.
The oilfield equipment and services industry refers to all products and services associated with the oil and gas exploration and production process, or the upstream energy industry. The Oilfield Services/Equipment Industry is made up of a mature set of companies, the fortunes of which are dependent on the drilling expenditures of oil and natural gas producers. Since demand for such fuels fluctuates with the economy, oilfield services stocks are considered cyclical. Companies in this industry are of two main types: those that rent drilling rigs and those that provide the The oilfield equipment and services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, i.e. the upstream sector of the energy industry. In general these companies are engaged in the manufacturing, repair, and maintenance of equipment used in oil extraction and transportation. Companies in this industry support oil and gas field operations on a contract basis. Major companies include Baker Hughes, China Oilfield Services, Halliburton, Nabors Industries, National Oilwell Varco, Saipem, Schlumberger, Transocean, and Weatherford International. Industry Insights. The global oilfield services market size was valued at USD 103.26 billion in 2016. The increasing development of new oilfields and the rising demand for energy are expected to be key factors driving the market over the forecast period. But the oilfield services industry is still struggling to recover from the collapse of oil prices in mid-2014 and the subsequent reduction in capital spending by upstream companies. We look at how the downturn in crude prices in 2014 still affects the oilfield service industry and consider the impact on company valuations.
Oil Field: A tract of land used for extracting petroleum, or crude oil, from the ground. Although the exact origin of oil is still contested, most consider petroleum a "fossil" fuel, created from
Oil & Gas Field Services Industry in the US - Market Research Report Oilfield support services; Oil drilling services; Natural gas well support services; Natural For the most part, the oilfield services sector has finally picked itself up and dusted itself down following the 2014 price crash and the subsequent meltdown that The oilfield service industry which is an integral part of the petroleum industry was no exception. The oilfield service industry which provides services to the
20 Mar 2018 Zion Market Research has published a new report titled “Oilfield Services Market (Pressure Pumping Services, Oil Country Tubular Goods,
The oilfield services and equipment (“OFS”) industry is a large, highly-competitive industry that provides services and goods to oil and gas exploration and production (“E&P”) companies. The industry and transaction market for its participants are noted for significant cyclicality. The global oilfield services market can be segmented on the basis of type into drilling & completion fluids, well intervention and wireline services, coiled tubing services, pressure pumping & services and others.Increasing exploration and production activities will result in increasing demand of oilfield services market. Contact MNP’s Oilfield Services Team MNP understands the oilfield services industry – its drivers, challenges and opportunities. We are proud to provide insight into the latest industry news and trends in our newsletter, issued in association with JuneWarren-Nickle’s Energy Group. The oilfield services market is expected to grow at a CAGR of over 3% during the forecast period of 2020 – 2025. Factors such as increase in demand for advanced technology, tools and equipment to increase efficiency of exploration and production activities in onshore and offshore areas is expected to drive the market for oilfield services. The segmentation of the oilfield services industry — the Big Four, the drillers and well services providers, the seismic companies, the engineering and construction companies, the equipment manufacturers, and the logistics providers — has started to change. This transformation is only in its infancy. Oilfield Services is a tough industry. Though the industry encourages entrepreneurship, there is so much opportunity—and will be for so many years to come—that many have jumped in, and the industry has become hyper-competitive. Rising to the Top. How do companies succeed? The oilfield services sector in recovery Deloitte’s new report, Phoenix rising: The oilfield services sector transforms again, examines the impact the downturn has had on the oilfield services sector. It explores the actions and attributes of the companies who survived and prospered during this time, as well as those that did not.
Industry Insights. The global oilfield services market size was valued at USD 103.26 billion in 2016. The increasing development of new oilfields and the rising demand for energy are expected to be key factors driving the market over the forecast period.
12 Nov 2019 Caught in a cutthroat competition, oilfield service companies are pitted against one another for business, E&Ps are taking advantage of an 11 Sep 2019 In a new sector outlook update, Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield 14 Aug 2019 The oilfield services sector is considered to be an essential partner for range of technology, product, and services to the oil and gas industry. 6 Oct 2011 Halliburton: Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than
The oilfield equipment and services industry refers to all products and services associated with the oil and gas exploration and production process, or the upstream energy industry. The Oilfield Services/Equipment Industry is made up of a mature set of companies, the fortunes of which are dependent on the drilling expenditures of oil and natural gas producers. Since demand for such fuels fluctuates with the economy, oilfield services stocks are considered cyclical. Companies in this industry are of two main types: those that rent drilling rigs and those that provide the