August 20, 2018 - 6:11 AM EDT
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Global Oilfield Equipment Market 2018-2023: Analysis by Location of Deployment, Equipment Type, and Geography -


The "Global Oilfield Equipment Market - Segmented by Location of Deployment, Equipment Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to's offering.

Crude oil prices have eased in the past few months and are enough to support the demand for oilfield equipment in the industry. However, the impact of rise in prices have not been universal, with latest development suggesting a surge in the US onshore output (mainly from the shale reserve) and comparatively less activity elsewhere, especially in offshore.

The decline in crude oil prices has forced the oil & gas companies to invest in technology to reduce the breakeven prices and change their strategy, which has helped several marginal projects to become viable. As the crude oil prices are increasing and has already crossed USD 70 per barrel mark in May 2018, the upstream investment is expected to grow significantly and bring several projects online, thereby, driving the market.

In response to the downturn in crude oil prices in the past few years, the oil & gas companies not only reduced their activity level but also implemented sweeping efficiency programs to lower the operating cost. Operating cost in Norway has reduced by 30% during 2014-2017. Drilling an exploratory well in Norway's offshore was half in 2017, as compared to 2014. The unit operating costs in the UK Continental Shelf has reduced by around 50% in the past two to three years. Other countries, such as United States has also witnessed similar trends. The lower operating cost coupled with rising crude oil price is expected to make several marginal projects economically viable during the forecast period.

Key Highlights

  • North America is One of the Largest Market
  • Norway's Oil Industry Back on its Feet

Topics Covered

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

  • Schlumberger Limited
  • Weatherford International PLC
  • Baker Hughes (a GE Company)
  • Halliburton Company
  • Tenaris SA
  • TMK Ipsco Enterprises Inc.
  • National Oilwell Varco Inc.
  • Vallourec SA
  • Aker Solutions ASA
  • Stabil Drill

10. Competitive Landscape

For more information about this report visit
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[email protected]
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Related Topics: Oilfield Equipment and Services

Source: Business Wire (August 20, 2018 - 6:11 AM EDT)

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