DUBLIN--(BUSINESS WIRE)--Jun 13, 2018--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

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Related Topics:Gas,Oilfield Equipment and Services

KEYWORD:

INDUSTRY KEYWORD: ENERGY OIL/GAS MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

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PUB: 06/13/2018 06:49 AM/DISC: 06/13/2018 06:49 AM

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