Global Oilfield Services Market – Analysis, Technologies & Forecasts to 2021 – Research and Markets

The "Global Oilfield Services Market 2017-2021" report has been added to Research and Markets' offering.

The report forecasts the global oilfield services market to grow at a CAGR of 3.63% during the period 2017-2021.

The report, Global Oilfield Services Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the new-generation automated drilling rigs. The recent crude oil price slump, which started in July 2014, has led to reduced capital expenditure for exploration. The decline in crude oil price continues to shrink the profit margins of the upstream companies, thus calling for improving operational efficiencies. An important tool that can drive margins and increase operational efficiency is the use of digital technology in the upstream oil and gas industry

According to the report, one of the major drivers for this market is the rise in drilling in unconventional areas. Unconventional oil and gas resources include shale gas, coal bed methane, gas hydrates, tight oil, oil sands, and others. These resources are costly to produce and difficult to exploit. Technological advances and operational efficiencies have driven cost reductions, thus spurring the exploitation of unconventional resources. In the US, the shale gas boom saw the rise of unconventionally produced natural gas supplies. The huge discovery of oil sands in Canada have shown unlimited opportunities for oil exploration. As the focus shifts toward natural gas, unconventional resources like coal bed methane (CBM) and underground coal gasification (UCG) have seen considerable growth.

Key vendors

• Baker Hughes
• Halliburton
• National Oilwell Varco
• Schlumberger
• Weatherford

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Regional Landscape

Part 08: Decision Framework

Part 09: Drivers And Challenges

Part 10: Market Trends

Part 11: Vendor Landscape

Part 12: Key Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/73pzpp/global_oilfield

View source version on businesswire.com: http://www.businesswire.com/news/home/20171031006016/en/