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Refinery maintenance is often overlooked due to high costs, shutdown time and the resultant loss of production. The growing global demand of processed fuels has increased the significance of refinery maintenance unprecedentedly. This research service deals with the steadily growing turnaround maintenance market in refineries. The study analyses the...

The global oilfield services industry is currently undergoing rapid technological innovation with increasing popularity of unconventional oil & gas resources. It witnessed fluctuating growth in 20092011 and is expected to stabilise during the forecast period, 20132017. This research service deals with the global dynamics of the services provided ...

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...

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...

The offshore oil and gas (O&G) services market is witnessing uncertainty amid the global slump in crude oil price that started in H2, 2014 affecting economies and several industries. Major international and national oil companies have resorted to controlling their capital investments and laying off employees to reduce expenses. The highest level of...

Oil and gas companies, oil and gas service companies, law firms, financial service companies, and government institutions, have all been calling for competitive advantage through mergers and acquisitions (M&A) in Malaysia. In recent times, Malaysian oil and gas service companies have been adversely hit by the low oil price regime. Petronas, the lea...

This research service discusses the present state and the future potential of the LNG market in Asia-Pacific. It covers Southeast Asia, East Asia, and Australia, and provides an in-depth analysis of the drivers and restraints and their impact over the forecast period. The equipment type covered includes turbomachinery, electrical equipment, and non...

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...