Market Overview:
The global oil and gas supporting activities market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for crude petroleum and natural gas across the globe. Based on type, the well maintenance segment is expected to account for a major share of the global oil and gas supporting activities market during the forecast period. This can be attributed to increasing investments in well maintenance activities in order to increase production from existing wells.
Product Definition:
An oil and gas supporting activity is an economic activity that supports the production of oil and gas, such as drilling or pipeline construction. These activities are important for the economy, as they create jobs and generate tax revenue. They also help to ensure a reliable supply of energy for consumers.
Well Maintenance:
Well maintenance is an activity performed by service companies to ensure the proper functioning of a well. It includes tasks such as cementing perforations, installing barriers and gauges, removing waste products from wells, and performing other activities that help in making oil & gas production more effective.
The global well maintenance market size was valued at USD 7.8 billion in 2016.
Exploration:
Exploration is the activity of searching for new oil fields or gas fields. It includes activities such as drilling, exploration, and field testing. The primary goal of exploration is to determine if there are economically recoverable resources at the location being explored.
The global market size was valued at USD 28 billion in 2016.
Application Insights:
Crude petroleum comprises of natural gas liquids and natural gas. The global crude petroleum market is segmented on the basis of application into transportation, refining, and petrochemicals. Transportation emerged as the largest application segment in 2017 with over 55% share in terms of revenue as well as volume. This growth can be attributed to growing demand for motor vehicles across various regions coupled with high energy content in crude oil which makes it an ideal feedstock for gasoline production globally.
Refining also accounted for a significant share owing to its ability to transform lower quality crudes into higher value products such as diesel, gasoline, kerosene-type fuel oil (KFO), naphtha-type fuel oil (NATO) among others that are used widely across end-use industries globally including power generation and industrial manufacturing respectively.
Regional Analysis:
North America dominated the global market in 2017. The U.S., which is the largest oil producer and consumer in North America, has been witnessing continuous developments of onshore and offshore reserves since past few years.
The Middle East & Africa region accounted for a relatively smaller share compared to other regions due to less exploration activities taking place there over last few years but it holds huge potential for future development with respect to petroleum resources located under its soil.
Growth Factors:
- Increasing demand for oil and gas from developing countries
- Rising investment in oil and gas exploration and production
- Growing use of natural gas in power generation
- Proliferation of liquefied natural gas (LNG) terminals and shipping
- Expansion of petrochemical industry
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil and Gas Supporting Activities Market Research Report
By Type
Well Maintenance, Exploration, Well Developing
By Application
Crude Petroleum Comprises, Natural Gas Extraction Comprises
By Companies
Halliburton, Saipem, Schlumberger, GE(Baker Hughes), Weatherford
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Oil and Gas Supporting Activities Market Report Segments:
The global Oil and Gas Supporting Activities market is segmented on the basis of:
Types
Well Maintenance, Exploration, Well Developing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Crude Petroleum Comprises, Natural Gas Extraction Comprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Halliburton
- Saipem
- Schlumberger
- GE(Baker Hughes)
- Weatherford
Highlights of The Oil and Gas Supporting Activities Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Well Maintenance
- Exploration
- Well Developing
- By Application:
- Crude Petroleum Comprises
- Natural Gas Extraction Comprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Oil and Gas Supporting Activities Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Oil and gas supporting activities are those that help to produce, transport, refine, store or sell oil and gas.
Some of the key players operating in the oil and gas supporting activities market are Halliburton, Saipem, Schlumberger, GE(Baker Hughes), Weatherford.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil and Gas Supporting Activities Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil and Gas Supporting Activities Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil and Gas Supporting Activities Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil and Gas Supporting Activities Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil and Gas Supporting Activities Market Size & Forecast, 2020-2028
4.5.1 Oil and Gas Supporting Activities Market Size and Y-o-Y Growth
4.5.2 Oil and Gas Supporting Activities Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Well Maintenance
5.2.2 Exploration
5.2.3 Well Developing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Crude Petroleum Comprises
6.2.2 Natural Gas Extraction Comprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil and Gas Supporting Activities Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil and Gas Supporting Activities Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Well Maintenance
9.6.2 Exploration
9.6.3 Well Developing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Crude Petroleum Comprises
9.10.2 Natural Gas Extraction Comprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Well Maintenance
10.6.2 Exploration
10.6.3 Well Developing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Crude Petroleum Comprises
10.10.2 Natural Gas Extraction Comprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Well Maintenance
11.6.2 Exploration
11.6.3 Well Developing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Crude Petroleum Comprises
11.10.2 Natural Gas Extraction Comprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Well Maintenance
12.6.2 Exploration
12.6.3 Well Developing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Crude Petroleum Comprises
12.10.2 Natural Gas Extraction Comprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Well Maintenance
13.6.2 Exploration
13.6.3 Well Developing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Crude Petroleum Comprises
13.10.2 Natural Gas Extraction Comprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil and Gas Supporting Activities Market: Competitive Dashboard
14.2 Global Oil and Gas Supporting Activities Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton
14.3.2 Saipem
14.3.3 Schlumberger
14.3.4 GE(Baker Hughes)
14.3.5 Weatherford
