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.

North America Oilfield Equipment Rental Market

North America Oilfield Equipment Rental Market is Expected to Reach $11,383 Million by 2019

The oilfield equipment rental market in North America was valued at $9,765 million in 2014, and is expected to reach $11,383 million by 2019, at a CAGR of 3.1% from 2014 to 2019.
Browse through the TOC of North America oilfield equipment rental market for an analysis of industry trends, segments & forecasts.
http://www.micromarketmonitor.com/market/north-america-oilfield-equipment-rental-6484806445.html

Oil & gas companies are quite reluctant to undergo the purchase of oilfield equipment due to varied factors, such as high capital expenditure, maintenance cost, and depreciating value of the equipment. Therefore, companies are focusing on renting oilfield equipment as per their customized requirements. An essential driving factor that adds to the reliability of renting oilfield equipment is that companies are saved from the expenses associated with the transportation of the equipment from one drilling site to another.

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The rental players are constantly trying to modify their product line with highly customized and advanced equipment in order to acquire more supply contracts. This market has very few prominent players, and these are actually the rental divisions of major oilfield service providers.

Asia Pacific Waste Management in Drilling Market Is Estimated to reach $1.1 Billion by 2018

Oil and gas exploration activities require extensive drilling in the earth’s crust to extract crude oil and natural gases. The outcome of this drilling activity is mainly crude oil and drilling mud.

This drilling mud includes drilling fluids and materials obtained from the earth’s crust, such as sand, rocks, and drill cuttings among others. Drill mud and drill cuttings are harmful to the environment, and hence its management becomes a matter of prime concern. These environmental impacts are mainly caused due to emissions that are generated during drilling operations. The increasing demand of environmental protection and avoiding the contamination of drilling fluids has given rise to the concept of waste management in drilling operations.

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Global Liquefied Petroleum Gas Industry

The Global Liquefied Petroleum Gas Market was valued at $236.8 billion in 2014 and is estimated to grow to $288.7 billion by 2019, at a CAGR of 4.0% from 2014 to 2019.

Browse through the TOC of Global Liquefied Petroleum Gas Market for an analysis of industry trends, segments & forecasts. 

http://www.micromarketmonitor.com/market-report/liquid-petroleum-gas-reports-5046983367.html

The global liquefied petroleum gas market is classified into source, application, and region.

The Food & Beverage Colorants Market in Asia-Pacific is expected to reach $539.9 million by 2019

The Asia-Pacific Food & Beverage Colorants Market is expected to grow from $405.9 million in 2013 to $539.9 million by 2019, at a CAGR of 4.8% from 2014 to 2019.

Browse through the TOC of The Asia-Pacific Food & Beverage Colorants Market for an analysis of industry trends, segment for an analysis of industry trends, segments & forecasts.

http://www.micromarketmonitor.com/market/asia-pacific-food-beverage-colorants-7330689874.html