Oil Field Equipment Market Updates and Analysis 2018 Key Players - FMC Technologies, Aker Solutions, Cameron International, Baker Hughes, Schlumberger

Infinium Global Research added Latest Research Report titled “Oil Field Equipment Market by Manufacturers, Regions, Product Type and Application, Forecast to 2024” to its Large Report database.

The main objective of this report is to define, describe, and forecast the global “Oil Field Equipment” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

Advancement in drilling techniques to promote growth in the Oil Field Equipment market

Technological advancements in oil field equipment for improved recovery and better performance along with high production rate drives the growth of the oil field equipment market. In addition, growth in the oil and gas is anticipated to especially be strong in the developing countries where improving infrastructure will contribute to more drilling activity .Moreover, advancement in drilling techniques are further anticipated to boost the growth of the oil field equipment market. However, some of the oil fields are located far away from the readily available sources of electricity hence before starting to drill there should be enough amount of electricity to power the equipment. This in turn is restraining the growth of the oil field equipment market. Furthermore, the prices of crude oil are increasing and the upstream investment is projected to grow significantly and bring several projects online creating several growth opportunities for the key players in the oil field equipment market.

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North America region to contribute to growth in the global Oil Field Equipment market

North America is the largest oil field equipment market. The growth in the North American region is owing to the high drilling activities to meet the energy demands along with development of shale gas. Further, as the drilled wells are ready for production, the demand for oilfield equipment is expected to increase. On the other hand, the Mexican government has offered several blocks for exploration in the past few years. China is expected to contribute maximum towards regional industry growth in future. Other countries including India, Thailand, and Indonesia are also expected to witness high market growth over the forecast period.

Schlumberger and Baker Hughes Cruise Oil Exploration ‘Upcycle’

Schlumberger Ltd., the world’s biggest oilfield services company, and No. 3 Baker Hughes have their sights set in different directions as they move into the second-half of 2018. As the first major oil-servicers to disclose quarterly results, Schlumberger and Baker Hughes displayed strong indications that international theaters may be closing the gap with American shale, offering alternatives to increasingly congested regions such as the U.S. Permian Basin. As of the end of June, North America’s contribution to Schlumberger’s sales had increased to 38 percent from 30 percent a year earlier.

Eco-Stim Energy Solutions Announces Participation in Enercom's

EcoStim is an environmentally focused oilfield service and technology company offering well stimulation and completion services and field management technologies to oil and gas producers drilling in the U.S. and international unconventional shale markets.

Carrizo Oil & Gas Announces Delaware Basin Acquisition

Carrizo Oil & Gas, Inc. (Nasdaq: CRZO) today announced that it has agreed to acquire Delaware Basin properties from Devon Energy Corporation (Devon) for $215 million in cash, subject to customary closing adjustments. Subject to market conditions, the Company plans to fund the purchase price with net proceeds from an equity offering announced concurrently with this release.

S.P. “Chip” Johnson, IV, Carrizo’s President and CEO, commented on the acquisition, “This acquisition is an excellent fit with our existing Phantom-area acreage and meaningfully increases our scale in the area. Upon completion of the transaction, we will hold approximately 26,300 net acres in our Phantom area and 46,000 net acres in the Delaware Basin.

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Carrizo Oil & Gas, Inc. is a Houston-based energy company actively engaged in the exploration, development, and production of oil and gas from resource plays located in the United States. Their current operations are principally focused in proven, producing oil and gas plays primarily in the Eagle Ford Shale in South Texas and the Permian Basin in West Texas.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global oil field equipment market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of oil field equipment market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the oil field equipment market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the oil field equipment market to understand the present and future trends in this market and formulate their strategies accordingly.

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