The oilfield services market is expected to grow at a CAGR of over 3% during the forecast 4.2 Market Size and Demand Forecast in USD billion, till 2025. 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 Wednesday, March 18, 2020 More than 200 oil field service firms in Europe could market conditions caused by the COVID-19 pandemic and commodity price 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 Sign in. Straight-forward, unbiased research. Smart investors choose. Value Line. Finding the most valuable investments for you is what we do. Free trial. The Drilling Services segment offers contract land drilling services to exploration production companies through drilling divisions in the U. S. and Colombia. The
We provide outsourcing solutions for competitive and complex environments, supplying high quality services which add value and ensure regulatory compliance. Our service offering focuses on three primary activities: results–oriented individuals who value the highest standards of performance, excellence and fast- pace
Making matters worse, the oilfield service industry is highly capital intensive. The RMA average capital intensity ratios for companies that drill oil and gas wells (NAICS 213111) and companies that support activities for oil and gas operations (NAICS 213112) are $1.67 and $0.91, respectively. The oilfield services market is expected to grow at a CAGR of over 3% during the forecast period of 2020 – 2025. Factors such as increase in demand for advanced technology, tools and equipment to increase efficiency of exploration and production activities in onshore and offshore areas is expected to drive the market for oilfield services. The oilfield equipment and services (or OFS) industry refers to all products and services associated with the oil and gas exploration and production process, or the upstream energy industry. It includes services such as locating energy sources, energy data management, drilling and formation evaluation, well construction, The logistics providers are providing assets (vessels, rigs, helicopters, etc.) and a range of support services to the industry and are responsible for oilfield logistics, supply and training of personnel, warehousing, etc. With high leverage and many assets on their balance sheets,
Global Oilfield Services Market Size Worth US$ 330 Mn Expected to Surge at 3.7 % CAGR by Forecast Period of 2018 to 2026. 22 Aug 2019 Oilfield Services Market by Type (Pressure Pumping, Oil Country Tubular Goods, Well Intervention and Coiled Tubing, Drilling and Completion
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. HOUSTON (Bloomberg) --For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world. The oilfield service (OFS) segment is the backbone of the upstream O&G industry, helping producers overcome technological challenges associated with offshore development and commercialize the newly found shale resource through new technologies such as hydraulic fracturing. The segment, despite its critical role, seems to be struggling to recover from the downturn, and is witnessing the highest disconnect with the ongoing supply boom. Is your organization prepared for the uncertainties, risks, and opportunities ahead? From weakening economic growth and intensifying trade tensions to global political risks, our 2020 oil and gas industry outlook takes stock of the main factors to watch in 2020.