Power & Energy
North America had the highest wireline services market owing to the reason that numerous top oil field service companies like Baker Hughes, Halliburton, SchlumIn simplest form, wireline consist a single filament of metal wire with diameter in the range of 0.105” and 0.130”. Wireline services are a cabling technology used by gas wells and oil operators for lowering the measurement ... Continue Reading
The enhanced oil recovery market is expected to grow in Asia-Pacific due to the factors such as high sustained oil prices and increase in imports. Developing countries such as Brazil, India, and Canada have major operational chemical enhanced oil recovery projects. Countries such as Canada and Romania have some ongoing projects using in-situ combustion process. ... Continue Reading
The global digital oilfield technology market was valued at $26,570.4 million in 2017 and is projected to reach $34,871.6 million by 2023, witnessing a CAGR of 4.6% during the forecast period. The market growth is driven by cost reduction by oil and gas companies and growing involvement of software companies in digital oilfield. ... Continue Reading
The global drilling fluids market is developing exponentially because of the rising worldwide vitality request, the shale blast, and deepwater drilling exercises. Attributable to exhausting coastal reserves the market is moving its center towards growing offshore areas. This expands the general cost and prompts the utilization of all the more drilling fluids which thusly creates higher income ... Continue Reading
Some of the major factors driving the growth of the global completion equipment market are increasing demand of completion equipment, and increasing energy demands. Different players are investing huge capital for the exploration and production of oil sites; which is again fuelling the growth of the global completion equipment market. In addition, the increasing developments for ... Continue Reading
The global well cementing services market was valued at $7,293.7 million in 2017 and is projected to reach $8,862.0 million by 2023, witnessing a CAGR of 3.4% during the forecast period. The market growth is mainly driven by the increasing exploration and production (E&P) in unconventional reserves and large number of mature wells. ... Continue Reading
In the oil and gas industry, drill bit is used as component to produce cylindrical hole in earth's crust for the discovery and extraction of crude oil and natural gas. This type of tool is mainly used IN rotary drilling method to produce hole in oil and gas field. Prime objective for using this type of tool is to maximize the rate of penetration of the formation and ensuring longer service life of the formation produced through drilling. ... Continue Reading
