Oilfield Services (OFS) Market Analysis North America, Middle East and Africa, APAC, Europe, South America - US, Canada, Saudi Arabia, China, Russia - Size and Forecast 2024-2028

Published: Feb 2024

Pages: 173

SKU: IRTNTR74370

Snapshot

Oilfield Services (OFS) Market Forecast 2024-2028

The Oilfield Services (OFS) Market size is forecast to increase by USD 43.46 billion at a CAGR of 5.5% between 2023 and 2028. One of the key factors driving the market growth is the rise in unconventional oil and gas resources. Unconventional energy resources can be referred to as the crude and natural gas found in shale formations, tight oil formations, and the oil sands that can be used feasibly to extract crude and natural gas. In addition, coalbed methane is another unconventional source of energy that has gained prominence in recent years.

A key factor shaping the market growth is the technological innovations to drive productivity in the market. Oilfield service providers are increasingly seeking new technological innovations and technical breakthroughs to improve productivity and profitability, as the industry is facing pricing pressures from oilfield operators and E&P companies. In addition, they are driving productivity by automating oilfield processes and equipment, investing in high-performance tools and systems, and using the data-driven approach to optimize activities such as exploration, drilling, and production.

Moreover, ensuring geopolitics stability is crucial for sustaining oil and gas production and facilitating transportation and offshore sector operations, particularly in OPEC countries and the subsea oil & gas industry. This involves managing production cost effectively, as well as ensuring efficient drilling fluids, completion fluids, and remedial fluids management, along with sand and mud cleaning and transportation of water. Additionally, equipment maintenance, manufacturing, maintenance, equipment repair, and oil extraction play vital roles in supporting oilfield production and oilfield equipment and services..

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Market Largest-Growing Segments

Onshore

The onshore segment is estimated to witness significant growth during the forecast period. The onshore segment is characterized by the presence of several large to small-scale oilfield service companies, as the capital investment needed to operate in onshore fields is considerably lower than in offshore fields. In addition, the growth of the onshore segment is attributed to the increasing upstream activities, including new drilling and implementation of enhanced recovery technologies, propelled by the global rise in energy demand.

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Moreover, oil and gas E&P companies in North America and the Middle East are focused on developing new greenfield projects as older fields reach the end of their project lifespan. In addition, the US has also imposed sanctions on Iran, which led to a significant cut down in the global crude supply, prompting new drilling activity in various countries to counter the increase in crude costs. Furthermore, increased focus on unconventional reserves such as shale gas and tar sands reserves is another factor stimulating the growth of the onshore segment Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Market Regional Analysis

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North America is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The recovery in crude prices and the significant growth in shale production in the US were the key factors fuelling the market growth in North America. In addition, advancements in automation and IoT technology are encouraging rig operators in the region to adopt automated drilling solutions in onshore and offshore oil and gas projects. Moreover, companies operating in the oil and gas industry are increasingly adopting semi-automated technologies to gain access to remote offshore oil wells that pose several logistical hurdles, such as harsh weather conditions. Furthermore, through automation, offshore oil rigs can operate efficiently in harsh mid-water and deep-water oil and gas drilling environments and reduce human errors and the risk of accidents. Hence, such factors are driving market growth in North America during the forecast period.

Market Dynamics and Customer Landscape

The Oilfield Services Market is driven by the rise in unconventional oil and gas resources, necessitating advanced materials and equipment to meet growing demands. A notable trend in this market is the adoption of technological innovations to drive productivity, with a focus on enhancing efficiency in oil and gas production, drilling, and exploration. However, the industry faces challenges such as the growing use of alternate energy sources, which impact oil prices and create a supply-demand gap.

Despite challenges, oilfield services providers continue to invest in new technologies and tools to optimize production cost and address complexities in hydrocarbons extraction. From providing drilling fluids and completion fluids to facilitating sand and mud cleaning and transportation of water, companies in the oilfield equipment and services sector play crucial roles in supporting oil extraction and transportation operations, particularly in offshore sectors and OPEC countries where geopolitical factors further influence market dynamics.

Key Market Drivers

One of the key factors driving the market growth is the rise in unconventional oil and gas resources. Unconventional energy resources can be referred to as the crude and natural gas found in shale formations, tight oil formations, and the oil sands that can be used feasibly to extract crude and natural gas. In addition, coalbed methane is another unconventional source of energy that has gained prominence in recent years.

Moreover, natural gas is found in coal seams or coal deposits. In addition, countries such as the US, Canada, China, and India have shown considerable interest in these unconventional reserves to limit their dependency on imported oil and gas. Furthermore, a rise in investments in the extraction of these unconventional resources is expected to provide significant growth opportunities to oilfield service providers. Hence, suhc factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.

Significant Market Trends

A key factor shaping the market growth is the technological innovations to drive productivity in the market. Oilfield service providers are increasingly seeking new technological innovations and technical breakthroughs to improve productivity and profitability, as the industry is facing pricing pressures from oilfield operators and E&P companies. In addition, they are driving productivity by automating oilfield processes and equipment, investing in high-performance tools and systems, and using the data-driven approach to optimize activities such as exploration, drilling, and production.

For instance, some oilfield service providers are investing in automated drilling capabilities to reduce labor headcount and cut the cost of operations. In addition, other than automated drilling, companies are also investing in high-speed, precision drilling capabilities such as laser drilling and innovative drilling tools. Furthermore, laser drilling offers various advantages such as increased rate of penetration, high accuracy, precision drilling, single diameter borehole, and reduction in drilling time when drilling through hard formations. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenges

Growing use of alternate energy sources globally is one of the key challenges hindering market growth. The global oil and gas industry is expected to be challenged by ongoing investments in alternate renewable and non-renewable energy sources, including solar energy, geothermal energy, small hydroelectric energy sources, biofuels/bioenergy, nuclear/thermal energy, and other energy sources. In addition, factors such as environmental pollution, geopolitical risks, and growing foreign deficits are encouraging many countries to invest heavily in the development of alternate energy resources, thereby reducing investments in the oil and gas industry.

Moreover, countries are focusing more on the diversification of energy sources rather than relying on a single or few energy sources, an international energy agency with a growing need to ensure energy security. In addition, this limits the investment opportunities for oil and gas in the global energy landscape and consequently has a negative impact on demand. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Oilfield Services (OFS) Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Baker Hughes Co: The company offers drilling services, well integrity and intervention, plug and abandonment, and decommissioning of oil and gas infrastructure.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is intricately linked to global dynamics such as advanced technology, volatile oil prices, and geopolitical factors. As the industry grapples with a supply-demand gap, companies are intensifying their focus on new technologies and innovative methods to enhance production efficiency and reduce costs. With hydrocarbons playing a crucial role in the global economy, oilfield services providers, including top oil and gas operating companies, are crucial in meeting the worldwide crude oil demand, which currently stands at millions of barrels per day.

In this landscape, the development of unconventional resources, such as shale fields, has become pivotal. Framework agreements between oilfield providers and conventional fields contribute to maintaining a steady crude oil production capacity. Offshore contract drilling services leverage technological advancements in drilling and logging tools, directional drilling services, measurements while drilling, performance drilling, and well engineering. The industry also faces challenges, including drilling costs, supply chain complexities, and breakeven prices in shale and tight reserves. The development of shale plays involves horizontal drilling and fracking, with oil sand reserves presenting unique challenges, including high-density and sand particle content. The providers play a critical role in ensuring efficient wellbore intervention and the development of gas reserves, addressing the growing demand for energy resources.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides a market research and growth analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.

Application Outlook
- Onshore
- Offshore
Type Outlook
- Field operations
- Analytical and consulting services
- Equipment rental
Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Oilfield Services Market Scope
Report Coverage	Details
Page number	173
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.5%
Market Growth 2024-2028	USD 43.46 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	4.13
Regional analysis	North America, Middle East and Africa, APAC, Europe, and South America
Performing market contribution	North America at 46%
Key countries	US, Canada, Saudi Arabia, China, and Russia
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Baker Hughes Co., Calfrac Well Services Ltd., Caterpillar Inc., Champion Oilfield Service, China Oilfield Services Ltd., Expro Group Holdings NV, Helmerich and Payne Inc., Huawei Technologies Co. Ltd., Key Energy Services Inc., Nabors Industries Ltd., Nexans AmerCable, Oil States International Inc., Patterson UTI Energy Inc., Proserv UK Ltd., Saipem S.p.A., Schlumberger Ltd., Superior Energy Services Inc., Archer Ltd., Halliburton Co., NOV Inc., and TechnipFMC plc
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the oilfield services market between 2023 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming market growth and trends and changes in consumer behavior
Growth of the market across North America, the Middle East and Africa, APAC, Europe, and South America
Thorough market analysis and report analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market growth and forecasting analysis of factors that will challenge the growth of oilfield services market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global oilfield services market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global oilfield services market 2018 - 2022 ($ billion)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)

4.3 Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Onshore - Market size and forecast 2023-2028
- Exhibit 34: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Onshore - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Onshore - Year-over-year growth 2023-2028 (%)

6.4 Offshore - Market size and forecast 2023-2028
- Exhibit 38: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Offshore - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Offshore - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
- Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 44: Chart on Type - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Type - Market share 2023-2028 (%)

7.2 Comparison by Type
- Exhibit 46: Chart on Comparison by Type
- Exhibit 47: Data Table on Comparison by Type

7.3 Field operations - Market size and forecast 2023-2028
- Exhibit 48: Chart on Field operations - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Field operations - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Field operations - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Field operations - Year-over-year growth 2023-2028 (%)

7.4 Analytical and consulting services - Market size and forecast 2023-2028
- Exhibit 52: Chart on Analytical and consulting services - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Analytical and consulting services - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Analytical and consulting services - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Analytical and consulting services - Year-over-year growth 2023-2028 (%)

7.5 Equipment rental - Market size and forecast 2023-2028
- Exhibit 56: Chart on Equipment rental - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Equipment rental - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Equipment rental - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Equipment rental - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by Type
- Exhibit 60: Market opportunity by Type ($ billion)
- Exhibit 61: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2023-2028
- Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.4 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 71: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Saudi Arabia - Market size and forecast 2023-2028
- Exhibit 91: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 Canada - Market size and forecast 2023-2028
- Exhibit 99: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on Canada - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2023-2028 (%)

9.12 Russia - Market size and forecast 2023-2028
- Exhibit 103: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Russia - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Russia - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Archer Ltd.
- Exhibit 115: Archer Ltd. - Overview
- Exhibit 116: Archer Ltd. - Business segments
- Exhibit 117: Archer Ltd. - Key offerings
- Exhibit 118: Archer Ltd. - Segment focus

12.4 Baker Hughes Co.
- Exhibit 119: Baker Hughes Co. - Overview
- Exhibit 120: Baker Hughes Co. - Business segments
- Exhibit 121: Baker Hughes Co. - Key news
- Exhibit 122: Baker Hughes Co. - Key offerings
- Exhibit 123: Baker Hughes Co. - Segment focus

12.5 Calfrac Well Services Ltd.
- Exhibit 124: Calfrac Well Services Ltd. - Overview
- Exhibit 125: Calfrac Well Services Ltd. - Business segments
- Exhibit 126: Calfrac Well Services Ltd. - Key offerings
- Exhibit 127: Calfrac Well Services Ltd. - Segment focus

12.6 Caterpillar Inc.
- Exhibit 128: Caterpillar Inc. - Overview
- Exhibit 129: Caterpillar Inc. - Business segments
- Exhibit 130: Caterpillar Inc. - Key news
- Exhibit 131: Caterpillar Inc. - Key offerings
- Exhibit 132: Caterpillar Inc. - Segment focus

12.7 China Oilfield Services Ltd.
- Exhibit 133: China Oilfield Services Ltd. - Overview
- Exhibit 134: China Oilfield Services Ltd. - Business segments
- Exhibit 135: China Oilfield Services Ltd. - Key offerings
- Exhibit 136: China Oilfield Services Ltd. - Segment focus

12.8 Expro Group Holdings NV
- Exhibit 137: Expro Group Holdings NV - Overview
- Exhibit 138: Expro Group Holdings NV - Business segments
- Exhibit 139: Expro Group Holdings NV - Key offerings
- Exhibit 140: Expro Group Holdings NV - Segment focus

12.9 Halliburton Co.
- Exhibit 141: Halliburton Co. - Overview
- Exhibit 142: Halliburton Co. - Business segments
- Exhibit 143: Halliburton Co. - Key news
- Exhibit 144: Halliburton Co. - Key offerings
- Exhibit 145: Halliburton Co. - Segment focus

12.10 Helmerich and Payne Inc.
- Exhibit 146: Helmerich and Payne Inc. - Overview
- Exhibit 147: Helmerich and Payne Inc. - Business segments
- Exhibit 148: Helmerich and Payne Inc. - Key offerings
- Exhibit 149: Helmerich and Payne Inc. - Segment focus

12.11 Key Energy Services Inc.
- Exhibit 150: Key Energy Services Inc. - Overview
- Exhibit 151: Key Energy Services Inc. - Product / Service
- Exhibit 152: Key Energy Services Inc. - Key offerings

12.12 Nabors Industries Ltd.
- Exhibit 153: Nabors Industries Ltd. - Overview
- Exhibit 154: Nabors Industries Ltd. - Business segments
- Exhibit 155: Nabors Industries Ltd. - Key news
- Exhibit 156: Nabors Industries Ltd. - Key offerings
- Exhibit 157: Nabors Industries Ltd. - Segment focus

12.13 NOV Inc.
- Exhibit 158: NOV Inc. - Overview
- Exhibit 159: NOV Inc. - Business segments
- Exhibit 160: NOV Inc. - Key news
- Exhibit 161: NOV Inc. - Key offerings
- Exhibit 162: NOV Inc. - Segment focus

12.14 Oil States International Inc.
- Exhibit 163: Oil States International Inc. - Overview
- Exhibit 164: Oil States International Inc. - Business segments
- Exhibit 165: Oil States International Inc. - Key offerings
- Exhibit 166: Oil States International Inc. - Segment focus

12.15 Patterson UTI Energy Inc.
- Exhibit 167: Patterson UTI Energy Inc. - Overview
- Exhibit 168: Patterson UTI Energy Inc. - Business segments
- Exhibit 169: Patterson UTI Energy Inc. - Key offerings
- Exhibit 170: Patterson UTI Energy Inc. - Segment focus

12.16 Saipem S.p.A.
- Exhibit 171: Saipem S.p.A. - Overview
- Exhibit 172: Saipem S.p.A. - Business segments
- Exhibit 173: Saipem S.p.A. - Key offerings
- Exhibit 174: Saipem S.p.A. - Segment focus

12.17 Schlumberger Ltd.
- Exhibit 175: Schlumberger Ltd. - Overview
- Exhibit 176: Schlumberger Ltd. - Business segments
- Exhibit 177: Schlumberger Ltd. - Key news
- Exhibit 178: Schlumberger Ltd. - Key offerings
- Exhibit 179: Schlumberger Ltd. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 180: Inclusions checklist
- Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 182: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 183: Research methodology
- Exhibit 184: Validation techniques employed for market sizing
- Exhibit 185: Information sources

13.5 List of abbreviations
- Exhibit 186: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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