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.