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 →
Offshore ROV Market: Offshore Oil & Gas Discoveries in Prominent Countries
The offshore ROV market is estimated to be USD 802.9 million in 2018 and is projected to reach USD 943.1 million by 2023, at a CAGR of 3.27% from 2018 to 2023. The market is set to grow due to increasing offshore oil & gas discoveries in prominent countries and rise in demand for oil... Continue Reading →
Digital Oilfield Market – Technological Advancements and Evolving Industry Trends
According to the new market research report "Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global digital oilfield market size is expected to grow from an estimated USD... 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 →
Digital Oilfield Market: Increased Return on Investment in Oil and Gas Industry
According to the new market research report "Digital Oilfield Market by Solution (Hardware, Software & Service, and Data Storage Solutions), Processes (Reservoir, Production, Drilling Optimizations, Safety Management), Application (Onshore and Offshore), and Region - Global Forecast to 2026", published by MarketsandMarkets™, the global digital oilfield market size is expected to grow from an estimated USD... Continue Reading →
Digital Oilfield Market Booming Worldwide with Weatherford, Halliburton, Baker Hughes, NOV, Schlumberger.
The global Digital Oilfield Market size is projected to reach USD 28.5 billion by 2025 from an estimated value of USD 20.2 billion in 2020, at a CAGR of 7.1% from 2020 to 2025. New technological advancements in the digital oilfield, increased return on investment in the digital oilfield, and increased need from oil &... Continue Reading →