The global Artificial Lift Market is projected to reach USD 9.0 billion in 2028 from USD 7.3 billion in 2023 at a CAGR of 4.4% according to a new report by MarketsandMarkets™. Artificial lift comprises techniques in the oil and gas sector to boost hydrocarbon production from wells with insufficient natural pressure. Employed when reservoir... Continue Reading →
Artificial Lift Market: Advancements in upstream activities concerning unconventional oil & gas reserves
The global Artificial Lift Market is projected to grow from USD 6.9 billion in 2022 to USD 8.7 billion by 2027, at a CAGR of 4.8% according to a new report by MarketsandMarkets™. The market has promising growth potential due to the rising global oil demand and the increasing demand to maximize production from maturing... Continue Reading →
Perforating Gun Market to Witness Stunning Growth by 2027
The global perforating gun market is projected to reach USD 1.4 billion by 2027 from an estimated market size of USD 1.1 billion in 2022, at a CAGR of 5.6% during the forecast period. The factors driving the growth for Perforating Gun Market are rising exploration and production of unconventional oil & gas resources, especially... Continue Reading →
Well Testing Services Market: Increase in Global Oil Demand to Fuel the Market Growth
According to the new market research report "Well Testing Services Market by Services (Downhole Well Testing, Surface Well Testing, Reservoir Sampling, Real Time Well Testing, Hydraulic Fracturing Method Testing) by Application (Onshore, Offshore), by Well Type (Horizontal Wells, Vertical Wells), by Stages (Exploration, Appraisal, Development, Production) by Region - Global Forecast to 2026", published by... Continue Reading →
Perforating Gun Market: Growth in Oilfield Discoveries to Boost the Market
According to the new market research report "Perforating Gun Market by Gun Type (Through Tubing Hollow Carrier & Exposed, Wireline Conveyed Casing, TCP), Well Type (Horizontal, Vertical), Application (Onshore, Offshore), Pressure, Depth, Type, Orientation, Explosives, Region - Global Forecast to 2027", published by MarketsandMarkets™, the global Perforating Gun Market is projected to reach USD 1.4... Continue Reading →
Well Testing Services Market: Increasing Offshore Exploration and Production Activities to Boost Market Growth
According to the new market research report "Well Testing Services Market by Services (Downhole Well Testing, Surface Well Testing, Reservoir Sampling, Real Time Well Testing, Hydraulic Fracturing Method Testing) by Application (Onshore, Offshore), by Well Type (Horizontal Wells, Vertical Wells), by Stages (Exploration, Appraisal, Development, Production) by Region - Global Forecast to 2026", published by... Continue Reading →
Artificial Lift Market to Witness Significant Growth from 2020 to 2025
The global Artificial Lift Market is projected to reach USD 10.3 billion by 2025 from an estimated USD 8.0 billion in 2020, at a CAGR of 5.0% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil... Continue Reading →
Intelligent Completion Market to Grow at a Robust Pace through 2023 With Key Players Baker Hughes, Halliburton, Schlumberger, and Weatherford.
The global Intelligent Completion Market is expected to grow from an estimated USD 1.61 billion in 2018 to USD 2.16 billion by 2023, at a CAGR of 6.05%, from 2018 to 2023. The market in Europe is estimated to be the largest for intelligent completion followed by the North American market in 2017. This trend... Continue Reading →
Offshore Support Vessel Market: Robust Investments in Offshore Oil & Gas and Renewable Sectors
The global offshore support vessel market is estimated to grow from USD 20.1 billion in 2018 to USD 25.7 billion by 2023, at a CAGR of 5.04% from 2018 to 2023. The market in Asia Pacific is estimated to be the largest market for offshore support vessels, followed by Europe and North America. This trend... Continue Reading →
Well Casing & Cementing Market: Revitalizing Oil Prices Expediting Upstream Investments
The global Well Casing & Cementing Market is projected to reach USD 11.7 billion by 2024 from an estimated USD 9.2 billion in 2019, at a CAGR of 5.0% during the forecast period. Increasing drilling activities along with shale developments in North America, Asia Pacific, and some parts of South & Central America are the... Continue Reading →