Upstream Oil and Gas Services Market Set to Grow according To Forecasts – Key Player Baker Hughes, CNOOC, Fluor Corporation, Halliburton Company and Petrofac Limited

The upstream oil and gas services market is anticipated to witness healthy growth in the forecast period on account of increasing global spending on exploration and production (E&P) coupled with shale gas production. However, fluctuating crude oil prices and growing focus on renewable energy may hamper the growth of the upstream oil and gas services market. Nonetheless, newer oilfield discoveries are likely to offer substantial growth opportunities for the upstream oil and gas services market during the forecast period.

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The Key Players Profiled In The Market Include: 

1. Baker Hughes (GE)
2. China Oilfield Services (CNOOC)
3. Fluor Corporation
4. Halliburton Company
5. Petrofac Limited
6. Saipem S. p. A.
7. Schlumberger Limited
8. TechnipFMC plc
9. Transocean Ltd.
10. Weatherford

The oil and gas services include exploration and production of oil and gas to increase efficiency as well as production lifespan of projects for upstream, midstream, and downstream operations. Upstream oil and gas service companies provide inspection, decommissioning, sampling, SURF, and other related services to the oil and gas companies. Besides, companies are increasingly adopting advanced technologies to strengthen their position in the global market.

The global upstream oil and gas services market is segmented on the basis of service and well type. Based on service, the market is segmented as exploration, drilling, well completion, production, and others. On the basis of the well type, the market is segmented as on-shore and off-shore.

The research thoroughly establishes critical market drivers, well-identified restraints, future opportunities, and ongoing trends of the market with essential statistics to provide precise data in terms of value and volume. The report focuses on the competitive landscape along with the SWOT analysis of some leading company profiles that have a significant impact on global market practices.

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The global study on Upstream Oil and Gas Services Market sums up area wise market distribution with respect to five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America covering the political, economic, social, and technological scenario for each region and its impact on the market. The report further breaks down the analysis for the major countries in these regions to provide a detailed picture of the market share and growth rate.

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Posted by on Friday August 23 2019, 6:15 AM EDT. All trademarks acknowledged. Filed under Chemicals & Materials, Featured Press Release. Comments and Trackbacks closed. Follow responses: RSS 2.0

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