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Drilling & Extraction Equipments

Wireline logging service market – Analysis, Trends And Forecasts, 2015 To 2022

Worldwide wireline logging service market was valued over USD 16 billion in 2014. Increased production and exploration activities coupled with rise in real-time data gathering are factors anticipated to drive market demand further. Increase in crude oil prices will augment regress investments further, which will impact the world energy demand by 2020.Moreover; this resulted in decreasing the exploration level in well and has also increased the pressure to extract more from each well.

Furthermore, increased focus on natural gas production and technological developments is projected to boost the market demand. Completion activities and potential increase of recoverable resources in North America is anticipated to boost the demand over the coming years. Additionally, reduced profit margin and adaptable nature in the region has been benefited by continuous rising production. This has generated the requirement to optimize the E&P activities regarding major application such as reservoir evaluation. Though, issues associated with environment, augmented seismic activities and stringent regulations are expected to hinder growth over the forecast period.

For Market Research Report on “Wireline logging service market” Visit –http://www.grandviewresearch.com/industry-analysis/wireline-logging-service-market

Ultra-deep water, high temperature and high pressure of new reservoirs are few conditions that direct to new challenges in the market. Based on technology, the market is divided into E-line and slickline segments. In 2014, E-line technology contributed over 57% of the industry share and is further estimated to grow at a CAGR of over 9% till 2022.This segment can be categorized under heavier and strong wireline and uses an inner core of enclosed wire for broadcasting electrical signals amid surface equipment and downhole tools. These services are essentially for well logging and tube perforating operations.

Based on hole type, the wireline logging service market is classified into cased hole and open hole, as a result, Cased hole service market contributed over 50% of the total revenue in 2014.  Cased hole aids in recovering the measurements through metal piping while open hole involves the operations that are executed before the wellbore has been cemented. North America wireline logging service industry is anticipated to undergo significant demand further and   is rapidly growing at a CAGR of over 9.1% over the forecast period. This is mainly due to incessant augmentation in production and exploration activities in the U.S.

Wireline logging service market

Information Source: Grand View Research

Categories
Drilling & Extraction Equipments

Specialty Oilfield Chemicals Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2015 To 2022

Global specialty oilfield chemicals market is expected to witness growth in light of increasing application in drilling, well completion and production in upstream oil & gas sector. Increasing production output of crude oil and natural gas in Middle East in light of deployment of enhanced oil recovery application is likely to augment specialty oilfield chemicals market growth over the forecast period. Increasing application of deep drilling and ultra deep drilling is anticipated to drive the market for specialty oilfield chemicals. The application of specialty oilfield chemicals increases the equipment life through the removal of unwanted deposited metal scales thereby minimizing equipment maintenance cost which is expected to have positive impact on market growth over the forecast period. Growing environmental concerns pertaining to the application of synthetic chemicals in oilfields is likely to hinder specialty oilfield chemicals market growth in near future.

For Market Research Report on “Specialty Oilfield Chemicals Market” Visit – http://www.grandviewresearch.com/industry-analysis/specialty-oilfield-chemicals-market

Majorly used specialty oilfield chemicals include scale inhibitors, corrosion inhibitors, demulsifiers, biocides, surfactants and pour point depressants. These chemicals are added to enhance effectiveness of oil recovery and achieve optimum performance. Demulsifiers are expected to be one of the promising product segments of specialty oilfield chemicals in vague of its extensive application in oil water separation in upstream and midstream oil & gas industry. Increasing application of surfactants in oil recovery is expected to have a positive impact on market over the forecast period. Emergence of biosurfactants such as rhamnolipids is expected to have a positive impact on market over the forecast period. Shifting inclination of manufacturing industry from breakdown maintenance to condition based monitoring is expected to increase importance of corrosion inhibitors which is expected to have a positive impact on specialty oilfield chemicals market in the near future.

North America is expected to be potential specialty oilfield chemicals market in light of increasing production of shale oil and tight gas in U.S. and Canada amidst technological advancement in hydraulic fracturing. Inclination of governments of China and India to increase the application of exploration and production of crude oil and natural gas through promoting foreign direct investments at domestic level is expected to increase the application of specialty oilfield chemicals over the forecast period. Key market players include DuPont, AkzoNobel NV, BASF SE, The Dow Chemical Company, Baker Hughes, The Lubrizol Corporation, Halliburton and Schulumberger Limited.

Specialty Oilfield Chemicals Market

Information Source: Grand View Research

Categories
Drilling & Extraction Equipments

Global Coil Tubing Market, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2015 To 2022

Global growth in oil & gas industry coupled with increased energy demand in Middle East & Africa (MEA) and Asian regions is expected to be a key driving factor for coil tubing market growth over the next seven years. Increase in shale gas projects coupled with new reserve discoveries is anticipated to prompt coil tubing market growth. Diverse coil tubing applications such as nitrogen pumping and well clean outs are expected to be the key factor further complementing coil tubing market growth over the forecast period. Coil tubing market can be classified under drilling services and well intervention services. Well intervention services are further segmented into well cleaning and well completion services. Various advantages of coil tubing such as reduced labor requirement, quicker trip times in oil & gas industry is slated to fuel coil tubing demand which in turn is expected to augment coil tubing market growth. Ageing facilities in oil & gas is also expected to be a driver for coil tubing technology and thereby coil tubing market growth. Coil tubing market is anticipated to be poised for growth owing to channeled investments in exploration and production activities over the forecast period. Increasing demand for well services owing to aforementioned factors is expected to propel coil tubing demand thereby augmenting coil tubing market growth. Coil tubing market is expected to grow further owing to deep water drilling and offshore market development. Increased awareness about new and innovative technology such as coil tubing technology backed by investments is anticipated to prompt coil tubing demand which in turn is expected to augment coil tubing market growth over the forecast period.

For Market Research Report on “Global Coil Tubing Market” Visit – http://www.grandviewresearch.com/industry-analysis/coil-tubing-market

North America is expected to remain the dominant regional market and witness considerable growth over the forecast period owing to increased shale gas production in U.S coupled with favorable regulations. Increasing shale gas extraction in China is likely to have a positive impact on coil tubing market in Asia Pacific. Furthermore, Asia Pacific is expected to be a potential market and witness significant growth owing to increased investment in coil tubing technology. UAE, Saudi Arabia and Qatar are also expected to drive coil tubing market growth in Middle East owing to increased crude oil production over the forecast period.

Key players operating in coil tubing market include Superior Energy Services, Inc. Halliburton Co, Trican Well Services Ltd, Schlumberger Ltd, Calfrac Well Services Ltd and Baker Hughes, Inc.

Global Coil Tubing Market

Information Source: Grand View Research