Global OilField Equipment Rental Market to Grow at a CAGR of 4.76% by 2021: Global Downturn in Oil Industry & Crude Oil Prices are a Key Challenge - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global OilField Equipment Rental Market 2017-2021" report to their offering.

The global oilfield equipment rental market to grow at a CAGR of 4.76% during the period 2017-2021.

The report, Global Oilfield Equipment Rental Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is emerging offshore opportunities. The offshore oil and gas industry has faced numerous challenges that include high operational costs that have been exacerbated by lower global oil prices. Since 2015, low global oil prices have forced the international oil companies (IOCs) to decrease their investments in offshore development.

According to the report, one of the major drivers for this market is development of unconventional oil and gas resources/hydrocarbon exploration. Though the major hydrocarbon-rich regions in the world were identified in the early 20th century, the E&P companies are now focusing on unconventional areas for exploration and production purposes. These unconventional resources are the oil and gas bearing reservoirs that cannot be extracted economically.

Key vendors

  • Ensign Energy Services
  • Halliburton
  • Precision Drilling
  • Schlumberger
  • Weatherford

Other prominent vendors

  • AOS ORWELL
  • Basic Energy Services
  • FMC Technologies
  • IOT GROUP
  • Key Energy Services
  • Knight Oil Tools
  • Oil States International
  • Parker Drilling
  • RPC
  • Superior Energy Services

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by application

PART 07: Market segmentation by product

PART 08: Geographical segmentation

PART 09: Decision framework

PART 10: Drivers and challenges

PART 11: Market trends

PART 12: Vendor landscape

PART 13: Key vendor analysis

PART 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/l76jft/global_oilfield

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Oilfield Equipment and Services