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The research provides a strategic analysis of the North American enhanced oil recovery (EOR) market. The research presents a forecast of the EOR market. The challenges and opportunities in enhanced oil recovery are discussed. Apart from the technological advancements and selection criteria for various EOR methods (thermal recovery, gas injection, a...

This research provides a detailed analysis of the North American thermal enhanced oil recovery market. The study covers an historical and a forecast of crude oil production using various thermal enhanced oil recovery methods in both the United States and Canada. The study only covers the steam injection method, steam-assisted gravity drainage metho...

With the current drop in crude oil prices, major suppliers of crude oil are looking to diversify their oil and gas portfolios to include refinery products and petrochemicals. Some older refineries in Europe have also temporarily become profitable to operate. Further, the success of Shale Gas and Oil has created self-sufficiency in the US and is p...

The recent decline in oil prices has put the brakes on a few technology investments; however, it has also created a need for greater efficiency in the oil and gas sector. Most oil and gas companies are operating assets in challenging conditions across multiple regions. Ensuring operational efficiency through the greater use of technology is therefo...

01 Feb 2018  |  Global  |  Market Research

Impact of Low Oil Price on Oilfield Equipment and Service Market, 2017

The Oilfield Service and Equipment Market Experienced a Double-dip Negative Growth in 2015 and 2016, but is Expected to Rebound with the Recovery of Oil Prices

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The global oilfield services and equipment market is still recovering from the 2015 oil price crash, as oil companies are still trying to consolidate their position by reevaluating their capital expenditure. The oilfield services and equipment market has four main segments - drilling, completion, capital equipment, and production. While some segmen...

Oil sludge is produced at various stages of the oil industry from exploration, production, transportation, processing, and storage. Majority of the sludge is produced at waste water treatment plants considering that large quantities of water are used at critical nodes of the refinery process including desalting, thermal cracking, distillation and c...

The oil and gas industry has seen by many as major source of pollution in the world. Chemicals such as carbon dioxide and methane have been released to the atmosphere. The cumulative volume of both gasses, along with other harmful substances are massive. Decades of harmful emission has led to serious consequence, particularly on the deteriorating a...

The global LNG industry is approaching a hiatus in growth as current under-construction projects come online in the next 3 years without more new supply in the pipeline. As oil prices dropped, industry investment capital slowed, and project developers shifted their focus from speed to cost savings. While this will cause a pause in supply growth, de...

The global oil and gas market is currently going through an unprecedented transformation, triggered by efforts to reduce carbon emissions and rely on more renewable and environmentally friendly energy sources. The digitalization and automation of processes accompanying this shift represent enormous opportunities, and the market is poised to witness...