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.
MARKET DYNAMICS
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.
MARKET SCOPE
The "Global Upstream Oil and Gas Services Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on the global market trend analysis. The report aims to provide an overview of upstream oil and gas services market with detailed market segmentation by service, well type, and geography. The global upstream oil and gas services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading upstream oil and gas services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
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.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global upstream oil and gas services market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The upstream oil and gas services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting upstream oil and gas services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the upstream oil and gas services market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global upstream oil and gas services market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The upstream oil and gas services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting upstream oil and gas services market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the upstream oil and gas services market in these regions.
MARKET PLAYERS
The reports cover key developments in the upstream oil and gas services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from upstream oil and gas services market are anticipated to lucrative growth opportunities in the future with the rising demand for upstream oil and gas services in the global market. Below mentioned is the list of few companies engaged in the upstream oil and gas services market.
The report also includes the profiles of key upstream oil and gas services companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Baker Hughes (GE)
- China Oilfield Services (CNOOC)
- Fluor Corporation
- Halliburton Company
- Petrofac Limited
- Saipem S.p.A.
- Schlumberger Limited
- TechnipFMC plc
- Transocean Ltd.
- Weatherford
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Upstream Oil and Gas Services Market - By Service
1.3.2Upstream Oil and Gas Services Market - By Well Type
1.3.3Upstream Oil and Gas Services Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.UPSTREAM OIL and GAS SERVICES MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.UPSTREAM OIL and GAS SERVICES MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS and RESTRAINTS
6.UPSTREAM OIL and GAS SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1.UPSTREAM OIL and GAS SERVICES - GLOBAL MARKET OVERVIEW
6.2.UPSTREAM OIL and GAS SERVICES - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.UPSTREAM OIL and GAS SERVICES MARKET - REVENUE and FORECASTS TO 2028 - SERVICE
7.1.OVERVIEW
7.2.SERVICE MARKET FORECASTS and ANALYSIS
7.3.EXPLORATION
7.3.1.Overview
7.3.2.Exploration Market Forecast and Analysis
7.4.DRILLING
7.4.1.Overview
7.4.2.Drilling Market Forecast and Analysis
7.5.WELL COMPLETION
7.5.1.Overview
7.5.2.Well completion Market Forecast and Analysis
7.6.PRODUCTION
7.6.1.Overview
7.6.2.Production Market Forecast and Analysis
7.7.OTHERS
7.7.1.Overview
7.7.2.Others Market Forecast and Analysis
8.UPSTREAM OIL and GAS SERVICES MARKET - REVENUE and FORECASTS TO 2028 - WELL TYPE
8.1.OVERVIEW
8.2.WELL TYPE MARKET FORECASTS and ANALYSIS
8.3.ON-SHORE
8.3.1.Overview
8.3.2.On-shore Market Forecast and Analysis
8.4.OFF-SHORE
8.4.1.Overview
8.4.2.Off-shore Market Forecast and Analysis
9.UPSTREAM OIL and GAS SERVICES MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Upstream Oil and Gas Services Market Overview
9.1.2North America Upstream Oil and Gas Services Market Forecasts and Analysis
9.1.3North America Upstream Oil and Gas Services Market Forecasts and Analysis - By Service
9.1.4North America Upstream Oil and Gas Services Market Forecasts and Analysis - By Well Type
9.1.5North America Upstream Oil and Gas Services Market Forecasts and Analysis - By Countries
9.1.5.1United States Upstream Oil and Gas Services Market
9.1.5.1.1United States Upstream Oil and Gas Services Market by Service
9.1.5.1.2United States Upstream Oil and Gas Services Market by Well Type
9.1.5.2Canada Upstream Oil and Gas Services Market
9.1.5.2.1Canada Upstream Oil and Gas Services Market by Service
9.1.5.2.2Canada Upstream Oil and Gas Services Market by Well Type
9.1.5.3Mexico Upstream Oil and Gas Services Market
9.1.5.3.1Mexico Upstream Oil and Gas Services Market by Service
9.1.5.3.2Mexico Upstream Oil and Gas Services Market by Well Type
9.2.EUROPE
9.2.1Europe Upstream Oil and Gas Services Market Overview
9.2.2Europe Upstream Oil and Gas Services Market Forecasts and Analysis
9.2.3Europe Upstream Oil and Gas Services Market Forecasts and Analysis - By Service
9.2.4Europe Upstream Oil and Gas Services Market Forecasts and Analysis - By Well Type
9.2.5Europe Upstream Oil and Gas Services Market Forecasts and Analysis - By Countries
9.2.5.1Germany Upstream Oil and Gas Services Market
9.2.5.1.1Germany Upstream Oil and Gas Services Market by Service
9.2.5.1.2Germany Upstream Oil and Gas Services Market by Well Type
9.2.5.2France Upstream Oil and Gas Services Market
9.2.5.2.1France Upstream Oil and Gas Services Market by Service
9.2.5.2.2France Upstream Oil and Gas Services Market by Well Type
9.2.5.3Italy Upstream Oil and Gas Services Market
9.2.5.3.1Italy Upstream Oil and Gas Services Market by Service
9.2.5.3.2Italy Upstream Oil and Gas Services Market by Well Type
9.2.5.4United Kingdom Upstream Oil and Gas Services Market
9.2.5.4.1United Kingdom Upstream Oil and Gas Services Market by Service
9.2.5.4.2United Kingdom Upstream Oil and Gas Services Market by Well Type
9.2.5.5Russia Upstream Oil and Gas Services Market
9.2.5.5.1Russia Upstream Oil and Gas Services Market by Service
9.2.5.5.2Russia Upstream Oil and Gas Services Market by Well Type
9.2.5.6Rest of Europe Upstream Oil and Gas Services Market
9.2.5.6.1Rest of Europe Upstream Oil and Gas Services Market by Service
9.2.5.6.2Rest of Europe Upstream Oil and Gas Services Market by Well Type
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Upstream Oil and Gas Services Market Overview
9.3.2Asia-Pacific Upstream Oil and Gas Services Market Forecasts and Analysis
9.3.3Asia-Pacific Upstream Oil and Gas Services Market Forecasts and Analysis - By Service
9.3.4Asia-Pacific Upstream Oil and Gas Services Market Forecasts and Analysis - By Well Type
9.3.5Asia-Pacific Upstream Oil and Gas Services Market Forecasts and Analysis - By Countries
9.3.5.1Australia Upstream Oil and Gas Services Market
9.3.5.1.1Australia Upstream Oil and Gas Services Market by Service
9.3.5.1.2Australia Upstream Oil and Gas Services Market by Well Type
9.3.5.2China Upstream Oil and Gas Services Market
9.3.5.2.1China Upstream Oil and Gas Services Market by Service
9.3.5.2.2China Upstream Oil and Gas Services Market by Well Type
9.3.5.3India Upstream Oil and Gas Services Market
9.3.5.3.1India Upstream Oil and Gas Services Market by Service
9.3.5.3.2India Upstream Oil and Gas Services Market by Well Type
9.3.5.4Japan Upstream Oil and Gas Services Market
9.3.5.4.1Japan Upstream Oil and Gas Services Market by Service
9.3.5.4.2Japan Upstream Oil and Gas Services Market by Well Type
9.3.5.5South Korea Upstream Oil and Gas Services Market
9.3.5.5.1South Korea Upstream Oil and Gas Services Market by Service
9.3.5.5.2South Korea Upstream Oil and Gas Services Market by Well Type
9.3.5.6Rest of Asia-Pacific Upstream Oil and Gas Services Market
9.3.5.6.1Rest of Asia-Pacific Upstream Oil and Gas Services Market by Service
9.3.5.6.2Rest of Asia-Pacific Upstream Oil and Gas Services Market by Well Type
9.4.MIDDLE EAST and AFRICA
9.4.1Middle East and Africa Upstream Oil and Gas Services Market Overview
9.4.2Middle East and Africa Upstream Oil and Gas Services Market Forecasts and Analysis
9.4.3Middle East and Africa Upstream Oil and Gas Services Market Forecasts and Analysis - By Service
9.4.4Middle East and Africa Upstream Oil and Gas Services Market Forecasts and Analysis - By Well Type
9.4.5Middle East and Africa Upstream Oil and Gas Services Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Upstream Oil and Gas Services Market
9.4.5.1.1South Africa Upstream Oil and Gas Services Market by Service
9.4.5.1.2South Africa Upstream Oil and Gas Services Market by Well Type
9.4.5.2Saudi Arabia Upstream Oil and Gas Services Market
9.4.5.2.1Saudi Arabia Upstream Oil and Gas Services Market by Service
9.4.5.2.2Saudi Arabia Upstream Oil and Gas Services Market by Well Type
9.4.5.3U.A.E Upstream Oil and Gas Services Market
9.4.5.3.1U.A.E Upstream Oil and Gas Services Market by Service
9.4.5.3.2U.A.E Upstream Oil and Gas Services Market by Well Type
9.4.5.4Rest of Middle East and Africa Upstream Oil and Gas Services Market
9.4.5.4.1Rest of Middle East and Africa Upstream Oil and Gas Services Market by Service
9.4.5.4.2Rest of Middle East and Africa Upstream Oil and Gas Services Market by Well Type
9.5.SOUTH and CENTRAL AMERICA
9.5.1South and Central America Upstream Oil and Gas Services Market Overview
9.5.2South and Central America Upstream Oil and Gas Services Market Forecasts and Analysis
9.5.3South and Central America Upstream Oil and Gas Services Market Forecasts and Analysis - By Service
9.5.4South and Central America Upstream Oil and Gas Services Market Forecasts and Analysis - By Well Type
9.5.5South and Central America Upstream Oil and Gas Services Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Upstream Oil and Gas Services Market
9.5.5.1.1Brazil Upstream Oil and Gas Services Market by Service
9.5.5.1.2Brazil Upstream Oil and Gas Services Market by Well Type
9.5.5.2Argentina Upstream Oil and Gas Services Market
9.5.5.2.1Argentina Upstream Oil and Gas Services Market by Service
9.5.5.2.2Argentina Upstream Oil and Gas Services Market by Well Type
9.5.5.3Rest of South and Central America Upstream Oil and Gas Services Market
9.5.5.3.1Rest of South and Central America Upstream Oil and Gas Services Market by Service
9.5.5.3.2Rest of South and Central America Upstream Oil and Gas Services Market by Well Type
10.INDUSTRY L and SCAPE
10.1.MERGERS and ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS
11.UPSTREAM OIL and GAS SERVICES MARKET, KEY COMPANY PROFILES
11.1.BAKER HUGHES (GE)
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.CHINA OILFIELD SERVICES (CNOOC)
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.FLUOR CORPORATION
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.HALLIBURTON COMPANY
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.PETROFAC LIMITED
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.SAIPEM S.P.A.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.SCHLUMBERGER LIMITED
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.TECHNIPFMC PLC
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.TRANSOCEAN LTD.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.WEATHERFORD
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Baker Hughes (GE)2. China Oilfield Services (CNOOC)3. Fluor Corporation4. Halliburton Company5. Petrofac Limited6. Saipem S. p. A. 7. Schlumberger Limited8. TechnipFMC plc9. Transocean Ltd. 10. Weatherford
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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