The global oilfield services market is estimated to be USD 178.31 billion in 2016 and is projected to reach USD 251.6 billion by 2022 during the forecast period from 2016 to 2022. Although falling crude oil prices present a gloomy picture for the OFS industry, service companies are expected to ride...
The global energy demand is predicted to grow by 50% - 60% in the coming 15 years. This growth in demand is a result of increasing world population and an improvement in living standards in developing countries. Even though new and renewable energy sources are gaining popularity around the world, pe...
The Global Oil Country Tubular Goods Market is projected to witness CAGR of 5.5% from 2014 to 2022. Pipeline and tube products such as drill pipe, tubing and pipe casings that are utilized in the petroleum industry are called oil country tubular goods. They are one of the key components ...
The Global water management services in oil and gas industry is estimated to reach $XX billion in 2022 with a CAGR of 9.2% from 2014 to 2022. Water management is an integral part of oil and gas production. Oil and gas industry faces several challenges such as reusing water, reducing wate...
In Oil & Gas, pipelines are used to solve the problem of mismatch between demand and production locations. They are the most efficient and carbon free form of transport system available for Oil & Gas industry. Compared to other forms of transport, pipelines have low cost of transportation per unit a...
Primary function of lubricants is to reduce friction between moving parts but in general it is also applied to chemicals that act as a coolant or anti-freezer. Exploration and production activities in Oil & Gas sector involves heavy machinery which require lubrication from time to time. Much of the ...
When drilling, sometimes a drill bit breaks and falls into well bore or a pipe or tool can fall from rig floor into the bottom of the well. This stray equipment that has fallen into the well bore is called fish. The process of retrieving this fish is called fishing. Removing immovable objects obstru...
Oil & Gas EPC (Engineering, Procurement and Construction) Industry activities include, but not limited to: project management, process engineering, procurement of necessary materials, construction, commissioning, start up and maintenance. Increase in Oil & Gas investments and demand along with rapid...
The global oil and gas automation & Control systems market is growing at XX% CAGR and is expected to reach USD XXX by 2022 from USD XXX in 2015. As the demand has dropped and the oil prices have fallen, which gave an opportunity for the companies in oil and gas industry need to assess th...
Asset Integrity Management (AIM) is a continuous process of knowledge and experience applied throughout the life cycle to manage risk of failures and events in design, construction and during operation of facilities to ensure optimal production without compromising safety, health and environmental r...
The offshore drilling rig market is expected to reach USD XX billion by 2022, growing at a CAGR of XX% from 2016- 2022. Continued development of offshore reserves and rising deepwater production to offset declining production from onshore reserves are the major factors driving the market....
Oil and gas production is rapidly making a shift to subsea regions. This represents a significant deviation from conventional production methods. Subsea environment is sometimes the most remote and unexplored on earth. Working in this environment makes monitoring and intervention much more difficult...
The share of power of generation from renewable sources is increased with time in the recent decade. The off grid CHP market is expected to grow significantly in the coming years as people became aware of the advantages of renewable energy generation and government regulations and policies....
The global nuclear power and equipment market is estimated to grow from over $57.91 Billion in 2014 to nearly $70.02 Billion by 2022, at a CAGR of over 3.87%. A nuclear reactor produces and controls the release of energy from splitting the atoms of certain elements. In a nuclear power re...
In Non Concentrating type collectors, the area collecting the solar energy is the same as the area absorbing the solar radiation. They are also known as flat plate collectors. With the annual production estimated to reach 500GW by 2022, from 40 GW in 2013 making this market fastest growing one. It i...