Global Oil and Gas Upstream Equipment Market Analysis & Forecasts 2018-2022 - ResearchAndMarkets.com
The "Global
Oil and Gas Upstream Equipment Market 2018-2022" report has
been added to ResearchAndMarkets.com's offering.
The
analysts forecast the global oil and gas upstream equipment market will
grow more than USD 211 billion by 2022.
Oil and gas upstream
equipment is used in various upstream operations, including exploration,
drilling, well interventions, well completion, production, and
abandonment. The market also includes the tools used in the
above-mentioned operations.
The report covers the present
scenario and the growth prospects of the global oil and gas upstream
equipment market for 2018-2022. To calculate the market size, the report
presents a detailed picture of the market by way of study, synthesis,
and summation of data from multiple sources.
One trend in the
market is rising investments in shale industry. With the growing demand
for renewable energy sources, upstream oil and gas industry players are
focusing on investing in the shale industry, particularly, in the US.
The International Energy Agency (IEA) estimated a rise of around 3% in
the oil and gas industry investments during 2017.
According
to the report, one driver in the market is increase in oil rig count.
Several market players have announced the plans of starting oil drilling
and production projects in the recent years. However, owing to the
fluctuation of crude oil prices, there has been a significant variation
in the global rig count in the past few years.
Further, the
report states that one challenge in the market is uncertainties
associated with low crude oil prices. The oil and gas industry is highly
dependent on commodity prices. Any fluctuation in crude oil prices
affects the performance of a majority of the upstream sector companies.
Companies
Mentioned
-
Aker Solutions
-
GENERAL ELECTRIC
-
Halliburton
-
National Oilwell Varco
-
Schlumberger
-
Weatherford
Key Topics Covered:
1: Executive Summary
2:
Scope Of The Report
3: Research Methodology
4:
Market Landscape
5: Market Sizing
6: Five Forces
Analysis
7: Market Segmentation By Application
8:
Customer Landscape
9: Regional Landscape
10:
Decision Framework
11: Drivers And Challenges
12:
Market Trends
13: Vendor Landscape
14: Vendor
Analysis
15: Appendix
For more information about
this report visit https://www.researchandmarkets.com/research/96l55v/global_oil_and?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180613005507/en/
Copyright Business Wire 2018
Source: Business Wire
(June 13, 2018 - 6:49 AM EDT)
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