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Worldwide Oilfield Services Market by 2020 Analyzed in New Report
Global Oilfield Services Market 2016-2020 report is the latest addition to ReportsnReports.com industry research reports collection; the demand for oil and gas is likely to remain stable in the future. Although renewables have been gaining attention, the global energy mix will be mostly dominated by oil and gas in future. As the demand for oilfield services depends on the expenditures by the oil and gas industry, oilfield services companies remain optimistic for the future. The investments in oil are expected to be slightly higher than those in gas. These major investments will drive the growth of oilfield services in the future. Complete report available at http://www.reportsnreports.com/reports/509008-global-oilfield-services-market-2016-2020.html,
The oilfield services (OFS) market consists of a diverse set of services such as exploration, drilling, production, and completion. The market is unpredictable, as it is vulnerable to oil and gas price fluctuations. Despite this vulnerability, oilfield services providers are investing in and developing new technologies to boost production. These new technologies, such as enhanced oil recovery (EOR) and vertical drilling, reduce drilling time and enable efficient extraction of oil. Further, operational costs are being reduced through faster completion times and cleaner processing methods. Such developments are encouraging further investments.
The analysts forecast global oilfield services market to grow at a CAGR of 4.67% during the period 2016-2020.
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According to the report, the consumption of oil and gas by end-users such as transportation, industries, and power plants has increased steadily over the past few years. To meet this demand, governments and vendors have invested in exploration and production activities to increase the production of oil and gas. The diminishing quantities of oil and natural gas among onshore reserves have forced governments and vendors to focus on offshore exploration and production. This has been increasingly driving offshore oilfield services.
Key players in the Global Oilfield Services Market: Schlumberger, Halliburton, Weatherford International, National Oilwell Varco, and Baker Hughes.
Other Prominent Vendors in the market are: China Oilfield Services, Saipem, Petrofac, Transocean, Fluor, and Worley Parsons.
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List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Market overview
Exhibit 03: Global oilfield services market 2016-2020 ($ billions)
Exhibit 04: Oil and gas reserves 2015
Exhibit 05: Five forces analysis
Exhibit 06: Global oilfield services market by application 2015
Exhibit 07: Global oilfield services market by application 2020
Exhibit 08: Global oilfield services market by application 2015-2020
Exhibit 09: Global oilfield services market by onshore application 2015-2020 ($ billions)
Exhibit 10: Global oilfield services market by offshore application 2015-2020 ($ billions)
Exhibit 11: Global oilfield services market by services 2015
Exhibit 12: Global oilfield services market by services 2020
Exhibit 13: Global oilfield services market by services 2015-2020
Exhibit 14: Global oilfield services market by drilling services 2015-2020 ($ billions)
Exhibit 15: Global oilfield services market by production services 2015-2020 ($ billions) and more
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