Global Coiled Tubing Services Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
The "Global
Coiled Tubing Services Market - Growth, Trends, and Forecast (2018 -
2023)" report has been added to ResearchAndMarkets.com's
offering.
The oil & gas exploration and production (E&P) activities consist of
complicated processes, and require sophisticated technology and
equipment. Coiled tubing services are required in drilling, completion,
and production activities. The oil & gas industry is a highly volatile
and cyclical market. The fall in commodity prices had a ripple effect on
the oil & gas value chain. Over several decades the oil & gas industry
has looked to active drilling rig count creating demand for oilfield
services globally.
The collapse in oil prices in 2014 severely undercut company revenues
and forced sharp cutbacks in spending. With commodities staging a
recovery following a multi-year price rout, activity in the oil & gas
sector has begun to strengthen. With oil & gas prices recovering, the
oil & gas operator companies have increased investment for the
development of the oil & gas projects, which were earlier delayed or
stalled.
There has been a drastic decrease in the rig count globally since 2014,
and this fall has reflected in the demand for oilfield services in the
last few years. North America still has the most number of rigs
globally, followed by the Middle East. Latin America takes the third
spot. With padbased horizontal drilling in the United States becoming
more in demand, rig count on land in North America has become less
meaningful.
Companies Mentioned
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Baker Hughes Inc.
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Schlumberger Ltd
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Halliburton
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C&J Energy Services
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Profiles
10. Competitive Landscape
11. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/3dsszw/global_coiled?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524005552/en/
Copyright Business Wire 2018
Source: Business Wire
(May 24, 2018 - 6:24 AM EDT)
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