Middle East Oilfield Equipment Rental Market

Increase in the number of drilling activities worldwide, due to rising demand of energy, is the key driving force for growth of the oilfield equipment market.

Growth in the Middle East oilfield equipment rental market is attributed to the technological advancements in the oilfield equipment segment. Traditional equipment is not fully capable of meeting new challenges hence the petroleum industry is looking out for advanced IT based machinery and software to perform operations in various unconventional and deep reservoir locations. 

With the advent of new trends in deep-water drilling in the oil industry, profits are huge, despite low output from shallow wells.

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Top market players that have established their base in the Middle East oilfield equipment rental market are Weatherford International Ltd. (Ireland), Oil States International (U.S.), Superior Energy Services Inc. (U.S.), and Schlumberger (U.S.).

Growing North America Wireline Services Industry

Technological advancements in exploration activities of shale gas and coalbed methane are driving the North America wireline services market.

“North America Wireline Services Market by Service Type (Logging, Well Intervention, Completion), by Application (Onshore & Offshore), and by Countries –Trends & Forecasts to 2019”

Advanced technologies have enabled exploration activities to be carried out for sources other than crude oil, such as shale gas, coal bed methane, and unconventional resources. These activities require sophisticated tools and techniques to drill inside the well. Improved technologies such as the multi-stage hydraulic fracturing of horizontal wells require advanced tools to explore unconventional sources. To perform these fracturing techniques, accurate real-time information about reservoir temperature, pressure, and topology is required. These parameters are gathered by logging and other wireline services. Additionally, many other wireline services are required during completion operations.

The increase in exploration activities for shale and other resources, especially in countries such as the U.S., and Mexico has led to a widespread need for wireline services.

In-depth profiling of the key players have been conducted, along with the recording of their recent developments (including new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the North America wireline services market. Baker Hughes Inc. (U.S.), Nabors Industries Ltd. (Bermuda), and Halliburton Co. (U.S.) are among the key players operating in this market.

Geographical expansion is the integral strategy adopted by the leading players to boost their growth in the Global Liquefied Petroleum Gas Market

“Liquefied Petroleum Gas Market: By Application (Residential/Commercial, Chemical, Industrial, Auto Gas, and Others); By Sources (Refineries, Associated Gases, and Non-Associated Gases); and By Geography - Global Forecasts till 2019”

The major participants operating in the global liquefied petroleum gas market are Gazprom (Russia), Sinopec (China), Petro China (China), Exxon Mobil (U.S.), Royal Dutch Shell (Netherlands), Saudi Aramco (Saudi Arabia), Petronas (Malaysia), and British Petroleum (U.K.), among others. The top four players accounted for over 37% of the global liquefied petroleum gas market in 2014.

The key players of global LPG market intends to focus on strategies such as expansion, supply agreements, and new product launch to increase their customer base and market share in the global market. Gazprom is the market leader in the global LPG market and holds the 12% of the market share as of 2014. Its product portfolio includes exploration, production, distribution, and transportation of gas. Gazprom expanded its business by planning to build a compressor station in Yety-Purovskoye field with a large capacity of one billion cubic meters of gas per year. 

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This expansion helps the company to increase its market presence and to be able to supply more LPG to its end-users. In other agreement, Gazprom signed a strategic cooperation agreement with Weatherford International (Ireland) to share knowledge and technical insights over the LPG business.