AP NEWS

Oilfield Services - Worldwide Market Analysis & Outlook (2019-2023) Featuring Key Players: Baker Hughes, Halliburton, National Oilwell Varco, Schlumberger, and Weatherford - ResearchAndMarkets.com

February 6, 2019

DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Global Oilfield Services Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The oilfield services market will register a CAGR of almost 3% by 2023.

The liquid fuel consumption is expected to grow further to 101.51 mbpd by 2019

The strong demand for petroleum products especially in developing countries such as China, India, and Indonesia, and the growing use of natural gas for power generation and city gas distribution across the world are major factors driving the demand for fossil fuel. Hence the investment in oilfield services is growing.

Increase in number of deep-water and ultra-deep-water drilling projects

The oil majors are gradually resuming their offshore operations especially in regions such as the Gulf of Mexico and Brazil as the crude oil prices are recovering. In such demanding market conditions extended reach wells can be commercially viable as they can increase production from oilfields.

The rise in the number of projects is due to stabilization of the crude oil price which has increased the profit margin for drilling and production companies. This factor is expected to raise the demand for oilfield services during the forecast period.

Volatility in oil and gas prices

Volatile crude oil price is one of the biggest challenges for the global oilfield services market as an uncertain price environment has a severe impact on new E&P investments and contract prices. Consequently, affecting the demand for oilfield services. The crude oil price cycle has not exhibited a consistent trend over the last decade.

Competitive Landscape

The market appears to be fragmented and with the presence of several. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Baker Hughes Halliburton National Oilwell Varco Schlumberger Weatherford

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

Comparison by application Onshore - Market size and forecast 2018-2023 Offshore - Market size and forecast 2018-2023 Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison Americas - Market size and forecast 2018-2023 EMEA - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

Overview Landscape disruption

PART 12: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Baker Hughes Halliburton National Oilwell Varco Schlumberger Weatherford

For more information about this report visit https://www.researchandmarkets.com/research/zfqdld/oilfield_services?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005501/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Oilfield Equipment and Services

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/06/2019 11:11 AM/DISC: 02/06/2019 11:11 AM

http://www.businesswire.com/news/home/20190206005501/en

AP RADIO
Update hourly