DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/k3f9k9/global_oilfield) has announced the addition of the “Global Oilfield Services Market 2016-2020” report to their offering.
The global oilfield services market is expected to grow at a CAGR of 4.67% during the period 2016-2020.
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.
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.
Further, the report states that OFS companies are facing the challenge of increased cost of production.
Key vendors:
- Schlumberger
- Halliburton
- Weatherford International
- National Oilwell Varco
- Baker Hughes
Report Structure:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by services
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/k3f9k9/global_oilfield
