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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