Falling Oil Prices and Decline in Rig Count to Impact OCTG Market – Key Vendors are OAO TMK, Tenaris S.A. & Vallourec – Research and Markets

March 9, 2016

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DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/9rz46b/global_octg_oil) has announced the addition of the “Global OCTG (Oil Country Tubular Goods) Market Report: 2016 Edition” report to their offering.

The OCTG market is a highly competitive market because of the increasing demand of oil and gas but has been affected in recent times due to the falling oil and gas prices and the decline in the number of rigs globally. Growing urbanization and industrialization in developed countries have increased the demand and consumption of energy.

The market being oversupplied by oil and gas has resulted in low prices of energy which has directly affected the OCTG market. Deep water drilling activities have also been encouraged due to an increased demand of energy which has led to an increase in premium seamless OCTG because of their ability to work in complex environments.

The falling global OCTG demand has led the companies to lay stress on technological innovation so that in these tough times of falling oil prices they can maintain their markets and also meet the demand of emerging economies. An increase in the exploration activities in deep water has created a demand for more efficient corrosion resistant and strong OCTG products. Also the companies have to deal with the environmental issues arising out of the over drilling or to avoid any incident which can harm the environment.

Key Topics Covered:

1. Market Overview

2. OCTG Market Analysis

3. The US OCTG Market

4. Russian OCTG Market

5. Market Dynamics

6. Competitive Landscape

7. Company Profiles

8. Market Outlook

Companies Mentioned:

  • Nippon Steel & Sumitomo Metal
  • Tenaris S.A.
  • Vallourec

For more information visit http://www.researchandmarkets.com/research/9rz46b/global_octg_oil

Category: Oil & Gas