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priteshwemarketresearch · 7 days ago

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Future Outlook of Offshore Drilling Riser Market: 2.2% CAGR from 2025 to 2035

Offshore Drilling Riser Market Overview

The offshore drilling riser market is expected to increase at a compound annual growth rate (CAGR) of 2.2% between 2025 and 2035. Based on an average growth pattern, the worldwide offshore drilling riser market is expected to generate USD 5.38 billion in revenue by 2035. It is projected that the offshore drilling riser market would be worth USD 4.23 billion by 2025.

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Offshore Drilling Riser Market Analysis and Size

The automated process of offshore drilling is used to harvest natural gas and petroleum from the seabed. In the deep water and open ocean regions off the shore, it makes use of a fixed or movable platform. Typically, it takes petroleum out of the rock formation beneath the ocean floor. As the world's consumption of oil and petroleum products continues to rise, offshore drilling is becoming more and more popular.

Global investments in offshore exploration and production (E&P) activities have been fueled by rising crude oil prices. Contracts for offshore drilling risers have been driven by a notable increase in the number of final investment decisions for various offshore projects during the previous two years.

The Offshore Drilling Riser Market Size has been steadily growing due to increasing offshore exploration activities and technological advancements in deepwater drilling. Companies are investing in high-performance riser systems to ensure operational efficiency and safety. The market share is dominated by key industry players focusing on innovation and enhanced riser designs to meet the challenging conditions of offshore drilling.

Key Market Players

Tenaris

Schlumberger

Aker Solutions

Parker Hannifin

Dril-Quip

Baker Hughes

Claxton Engineering

Subsea 7

Weatherford

TechnipFMC.

Market Segments

By Type

Marine drilling riser

Tie-back drilling riser

By Material

Steel Risers

Titanium Risers

Composite Risers

By Application

Shallow Water (up to 300 meters)

Deep Water (300 to 1,500 meters)

Ultra-Deep Water (beyond 1,500 meters)

By Diameter

Less than 10 inch

10 to 15 inch

Above 15 inch

Offshore Drilling Riser Market Value and Growth

The Offshore Drilling Riser Market Value is expected to witness significant growth due to the rising demand for oil and gas exploration in deepwater locations. Market expansion is driven by increased investments in offshore rigs and improved drilling techniques. With the resurgence of offshore exploration projects, the Offshore Drilling Riser Market Growth is projected to accelerate over the forecast period.

Offshore Drilling Riser Market Trends

Several Offshore Drilling Riser Market Trends are shaping the industry:

Technological Advancements: Enhanced riser systems with better fatigue resistance and corrosion protection.

Increased Deepwater Exploration: Growing interest in deepwater and ultra-deepwater fields.

Sustainability Initiatives: Focus on eco-friendly drilling solutions to reduce environmental impact.

Adoption of Digital Technologies: Integration of IoT and AI for monitoring and predictive maintenance.

Offshore Drilling Riser Market Potential

The Offshore Drilling Riser Market Potential remains high, especially in regions with untapped offshore reserves. The Middle East, North America, and Asia-Pacific are expected to be key contributors to market growth. With advancements in drilling riser technologies and increasing investments in offshore projects, the market holds strong potential for expansion.

Offshore Drilling Riser Market Forecast

According to industry experts, the Offshore Drilling Riser Market Forecast indicates a steady rise in demand for high-performance riser systems. The market is expected to experience robust growth due to:

Rising energy demand driving offshore exploration.

Investments in next-generation riser technologies.

Strategic collaborations between oil & gas companies and riser manufacturers.

Offshore Drilling Riser Market Analysis

An Offshore Drilling Riser Mar Analysis reveals that competition among market players is intense, with companies focusing on research and development to improve product efficiency. The market is witnessing increased mergers and acquisitions as industry leaders seek to strengthen their foothold. Factors such as regulatory policies, geopolitical conditions, and fluctuating oil prices also influence market dynamics.

Frequently Asked Questions

What is the market size of Offshore Drilling Riser Market in 2025?

What is the growth rate for the Offshore Drilling Riser Market?

Which are the top companies operating within the market?

Which region dominates the Offshore Drilling Riser Market?

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Conclusion

The Offshore Drilling Riser Market is poised for significant growth in the coming years, driven by increasing deepwater exploration activities and technological advancements. As energy demand continues to rise, the need for efficient and durable offshore drilling risers will remain high. Companies investing in innovation and sustainable practices are likely to gain a competitive edge in this evolving market landscape.

#Offshore Drilling Riser Market #Offshore Drilling Riser Market Size #Offshore Drilling Riser Market Share #Offshore Drilling Riser Market Price #Offshore Drilling Riser Market Growth #Offshore Drilling Riser Market Trends #Offshore Drilling Riser Market Potential #Offshore Drilling Riser Market Forecast #Offshore Drilling Riser Market Analysis

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tubetrading · 2 years ago

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ERW Pipes in Oil and Gas Industry: Key Roles and Market Trends

A stable and efficient infrastructure is crucial for the transportation of hydrocarbons in the oil and gas industry. Electric Resistance Welded (ERW) pipes are a critical component that assumes a central role in this system. The pipes in question are renowned for their multifunctionality, resilience, and economical nature, rendering them a widely favoured option for diverse applications within the oil and gas industry. The strength of seamless connectivity - Choose ERW Pipes offered by Tube Trading Co. – an excellent ERW Pipe Supplier in Gujarat for your critical applications.

This blog examines the significant functions of ERW pipes within the industry and investigates the most recent market trends pertaining to these important components.

What are ERW Pipes?

ERW pipes are a variant of steel pipes that are manufactured through the application of a high-frequency electrical current along the edges of the steel strip or coil. The flow of electrical current produces thermal energy, resulting in the fusion of the adjacent edges and the creation of a connection without any visible seams. ERW pipes are extensively utilised in the oil and gas sector owing to their exceptional mechanical characteristics, rendering them appropriate for many applications in both onshore and offshore environments.

Key Roles of ERW Pipes in the Oil and Gas Industry:

Exploration and Production:

ERW pipes are widely employed in drilling activities within the upstream portion of the oil and gas industry. The primary function of these pipes is to act as protective casings for the wellbore, thereby preserving its structural integrity and mitigating the risk of collapse during the drilling process. ERW pipes are utilised in well-completion operations to enhance the effective extraction of hydrocarbons.

Transportation:

Transportation plays a crucial role in the hydrocarbon industry as it facilitates the movement of extracted hydrocarbons from wells to processing units or refineries. ERW pipes, known for their exceptional strength and weldability, serve as the fundamental component of pipelines utilised for the extensive transit of oil and gas. They facilitate the uninterrupted transportation of hydrocarbons from the point of extraction to the ultimate consumers.

Distribution and Storage:

Electric resistance welded (ERW) pipes are of significant importance in the midstream sector, since they are utilised for the purpose of distributing and storing refined fuels, including petrol, diesel and natural gas. The utilisation of these pipes is crucial to the establishment of distribution networks and terminals, facilitating the effective transportation of energy products to end-users.

Offshore Applications:

ERW pipes are commonly utilised in offshore drilling and production due to their notable resilience in challenging marine environments. These components find application in the construction of platforms, risers, and subsea pipelines, offering enhanced stability and dependability in demanding offshore environments.

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Market Trends of ERW Pipes in the Oil and Gas Industry:

Increasing Demand:

The increasing global demand for electric resistance welded (ERW) pipes within the oil and gas sector is driven by the ongoing growth of exploration and production operations, with a particular emphasis on emerging economies. The consistent expansion in energy consumption and the imperative for novel infrastructure are significant factors that contribute to the heightened adoption of Electric Resistance Welded (ERW) pipes.

Technological Advancements:

Technological advancements in the field of ERW pipes are being pursued by manufacturers through ongoing investments in research and development, with the aim of improving their inherent qualities. The utilisation of advanced welding methodologies and enhanced steel compositions has resulted in the development of pipes exhibiting elevated levels of strength, corrosion resistance, and durability. Consequently, these pipes have emerged as highly suitable for deployment in demanding oil and gas applications.

Environmental Considerations:

The increasing focus of the industry on sustainability and environmental preservation has led to a transition towards more environmentally friendly practices. ERW pipes, due to their environmentally friendly nature and recyclability, are very compatible with these objectives, hence establishing themselves as a favoured option for enterprises that prioritise environmental consciousness.

Focus on Pipeline Safety:

The issue of pipeline safety has garnered significant attention due to worries surrounding leaks and ruptures, resulting in the implementation of more stringent regulations and standards. The superior weld quality and consistency of ERW pipes result in a decreased likelihood of failures, hence enhancing the safety of pipelines.

Market Consolidation:

The ERW pipe market is currently through a process of consolidation, wherein prominent industry participants are actively engaging in mergers and acquisitions to enhance their range of products and increase their market reach. The objective of this trend is to address the increasing demand and sustain a competitive advantage within the sector.

Final Thoughts:

ERW pipes are of significant importance within the oil and gas sector, as they fulfil crucial functions throughout a range of activities spanning from exploration to distribution. The indispensability of these components in the industry's infrastructure can be attributed to their versatility, durability, and cost-effectiveness.

The anticipated increase in the utilisation of ERW pipes is attributed to the escalating demand for energy and the heightened significance of environmental considerations. The continuous endeavours of manufacturers to innovate and enhance these pipes will inevitably result in the development of more effective and environmentally friendly solutions, thereby strengthening their significance as a crucial element within the ever-evolving realm of oil and gas transportation and distribution. Seamless solutions for your piping needs – Partner with Tube Trading Co. – the most reliable ERW Pipe Supplier in Gujarat today!

#ERW Pipe Supplier in Gujarat #ERW Pipe Provider in Gujarat #Business #Manufacturer #Steel industry #Steel company #Oil and gas industry #Oil companies #Agriculture industry

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versatile-blogger-1 · 1 year ago

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Surf (Subsea Umbilicals Risers And Flowlines) Market Is Estimated To Witness High Growth Owing To Technological Advancements

The SURF (Subsea Umbilicals Risers and Flowlines) market deals with the installation maintenance and operation of equipment used in the offshore oil and gas industry. Subsea umbilicals provide power communication and chemical injection to the various subsea systems. Risers are necessary to transport oil gas and other fluids from the seabed to the surface while flowlines allow the transportation of these fluids between subsea wells and processing facilities. The growing demand for oil and gas coupled with technological advancements in offshore exploration and production activities are driving the growth of the SURF market. Market Key Trends: One key trend observed in the SURF market is the increasing adoption of advanced technologies. Technological advancements have transformed the offshore oil and gas industry enabling efficient exploration and production activities. For instance the use of advanced materials in subsea umbilicals and risers improves their strength and durability in harsh offshore environments. Similarly the development of intelligent flowline monitoring systems helps detect leakages and prevent environmental damages. These advancements enhance the safety reliability and efficiency of subsea operations thereby driving the growth of the SURF market. The global SURF (Subsea Umbilicals Risers and Flowlines) Market Size is estimated to be valued at US$34.1 billion in 2021 and is expected to reach US$ 34.1 Billion by 2022 growing at a CAGR of 12.9% from 2023 to 2030. PEST Analysis: Political: The SURF market is influenced by political factors such as government regulations policies and geopolitical tensions. Changes in regulations regarding offshore drilling activities can impact the market dynamics. For example stricter environmental regulations may require the implementation of advanced technologies for minimizing environmental impacts. Social: Social factors like increasing energy demand population growth and environmental concerns impact the SURF market. The rising global population and growing energy consumption drive the demand for oil and gas which leads to the development of new offshore projects and drives the SURF market. Additionally the focus on sustainable development and environmental conservation calls for the adoption of technologies that minimize the ecological impact of offshore operations. Technological: Technological advancements play a crucial role in shaping the SURF market. Innovations in materials sensors communication systems and automation technologies have led to improved safety efficiency and productivity in subsea operations. These technological advancements enable deeper and more challenging offshore exploration and production activities driving the demand for SURF products and services. Key Takeaways: The global SURF market is expected to witness high growth exhibiting a CAGR of 12.9% over the forecast period due to increasing offshore oil and gas exploration and production activities. With the growing energy demand and depleting onshore reserves companies are focusing on offshore resources which drives the demand for SURF products. In terms of regional analysis the Asia Pacific region is expected to be the fastest-growing and dominating region in the SURF market. The increasing investments in offshore drilling activities particularly in countries like China India and Australia drive the demand for SURF products in this region. In conclusion the SURF market is witnessing significant growth due to technological advancements and increasing offshore exploration and production activities. The adoption of advanced technologies such as intelligent monitoring systems and advanced materials enhances the safety efficiency and reliability of subsea operations. The Asia Pacific region is expected to witness the highest growth in the SURF market driven by investments in offshore drilling activities. Key players in this market are continuously innovating to provide efficient and sustainable solutions to meet the increasing demands of the offshore oil and gas industry.

#SURF Subsea Umbilicals #Risers And Flowlines Market #SURF Subsea Umbilicals Risers And Flowlines Market Size #Coherent Market Insights #SURF Subsea Umbilicals Risers And Flowlines Market Demand #SURF Subsea Umbilicals Risers And Flowlines Market Growth #SURF Subsea Umbilicals Risers And Flowlines Market Trends #SURF Subsea Umbilicals Risers And Flowlines Market Analysis #SURF Subsea Umbilicals Risers And Flowlines Market Forecast

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writerblogs · 1 year ago

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Global SURF (Subsea Umbilicals, Risers, and Flowlines) Market is Estimated to Witness High Growth Owing to Increasing Offshore Exploration and Production Activities

The global SURF market is estimated to be valued at US$ 34.1 billion in 2021 and is expected to exhibit a CAGR of 12.9% over the forecast period of 2022 to 2030, as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

The SURF market consists of subsea umbilicals, risers, and flowlines that play a crucial role in offshore oil and gas production operations. Subsea umbilicals are used to transfer power, chemicals, and communications signals between the surface facilities and the subsea wells. Risers are vertical pipelines that connect the subsea wells to the surface facilities for the transfer of produced hydrocarbons. Flowlines are horizontal pipelines that transport the produced hydrocarbons from the riser to the processing facilities onshore.

B) Market Dynamics:

1. Increasing Offshore Exploration and Production Activities:

The SURF market is driven by the growing demand for oil and gas globally, leading to increased offshore exploration and production activities. Offshore fields offer substantial reserves and have the potential to meet the rising energy demand. For instance, deepwater fields in regions like the Gulf of Mexico, Brazil, and West Africa are witnessing significant investments in SURF infrastructure to extract oil and gas from challenging offshore environments.

2. Technological Advancements in Subsea Systems:

Advancements in subsea technologies have improved the efficiency and reliability of SURF systems. The development of lightweight, durable, and corrosion-resistant materials for umbilicals and flowlines enhances their performance and longevity in harsh subsea conditions. Additionally, the integration of sensors and monitoring systems in SURF components enables real-time data transmission for proactive maintenance and troubleshooting, reducing downtime and ensuring operational safety.

C) Market Key Trends:

One key trend in the SURF (Subsea Umbilicals, Risers, and Flowlines) Market is the adoption of digitalization and automation in subsea operations. The integration of artificial intelligence, robotics, and data analytics in SURF systems enables remote monitoring, predictive maintenance, and autonomous operations. For example, subsea robots equipped with sensors and cameras can inspect and repair subsea infrastructure without human intervention, minimizing the need for costly and risky diver interventions.

D) SWOT Analysis:

- Strengths: Technological advancements in subsea systems, increasing offshore exploration and production activities.

- Weaknesses: High upfront costs of SURF installations, environmental challenges in deepwater operations.

- Opportunities: Growing demand for renewable energy systems, expansion of deepwater exploration in emerging markets.

- Threats: Volatility in oil prices, regulatory uncertainties in offshore drilling activities.

E) Key Takeaways:

In paragraph 1: The global SURF market is expected to witness high growth, exhibiting a CAGR of 12.9% over the forecast period, due to increasing offshore exploration and production activities.

In paragraph 2: The fastest-growing and dominating region in the SURF market is expected to be the Asia Pacific due to the rising energy demand, growing offshore investments, and technological advancements in subsea systems.

In paragraph 3: Key players operating in the global SURF market include Prysmian Group, Aker Solutions, TechnipFMC plc, SUBSEA 7, Saipem S.p.A., McDermott International, Ltd., DeepOcean Group Holding BV, Schlumberger, Halliburton, NOV Inc., Vallourec, Oceaneering International, and Siemens.

As the global SURF market continues to evolve with technological advancements and increasing offshore activities, it offers significant opportunities for players involved in subsea infrastructure development and operation. The adoption of digitalization, automation, and sustainable practices will further drive the growth of the SURF market in the coming years.

#SURF (Subsea Umbilicals #Risers #and Flowlines) Market #Energy #and Flowlines) Market Growth #and Flowlines) Market Forecast #and Flowlines) Market Future #and Flowlines) Market Analysis

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waaaiz · 4 years ago

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Subsea Production and Processing Market Research Report

Global Subsea Production and Processing Market

The GMI Research forecasts that the Subsea Production and Processing Market is witnessing an upsurge in demand over the forecast period. This is mainly due to their rising consumption in the packaging industry and various features imparted by them like less operating cost and plant availability.

Introduction of the Subsea Production and Processing Market

Subsea production and processing include wells located on the seafloor as opposed to the surface. The well is lodged by a portable rig despite building a production platform for that well. These systems usually have 7,000 ft or more depths with the potential to extract and transport by riser or even by an undersea pipeline to a production platform nearby.

Key Players of the Global Subsea Production and Processing Market:

· Aker Solutions

· Baker Hughes Company

· Halliburton

· TechnipFMC plc

· Schlumberger Limited

· Weatherford

· China Oilfield Services Limited

· Kerui Petroleum

· Oceaneering International, Inc.

· NOV Inc.

Subsea Production and Processing Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The crucial drivers responsible for the increasing prominence of the global subsea production and processing market are the augmenting oil and gas discoveries encouraged by liberalization, increasing completion and drilling procedures for oil and gas industry, and the considerable reduction in on-shore petroleum reserves. For example, ConocoPhillips, in 2020, embarked a remarkable discovery in PL 891 on the Slagugle prospect, located 14 miles north-northeast of Heidrun field in the Norwegian Sea. Also, the growing exploration & production activities in the ultra-deepwater and deepwater acreages led by the mounting energy requirement along with the aggravating offshore drilling activities will further strengthen the Subsea Production and Processing market size. Furthermore, escalated recovery factors, less susceptibility to hydrate formation, and assimilation of subsea fields contribute to market growth.

However, as per Subsea Production and Processing market research, adverse operating conditions, lack of technological knowledge, and excessive upfront investments will hinder market growth. Moreover, fluctuating prices of gas and crude oil, political and technological risks, rigorous government norms towards environmental safety are expected to curb the market growth.

Subsea Production and Processing Market Segmentation:

Segmentation by Production System Component

· Subsea Trees

· Subsea Umbilical, Risers, & Flowlines

· Subsea Wellhead

· Others

Segmentation by Processing System Type

· Boosting

· Separation

· Injection

· Gas Compression

Segmentation by Water Depth

· Shallow Water

· Deepwater and Ultra-Deepwater

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a consulting company that provides business insights and research reports for every enterprise. Our team helps understand market dynamics like size, share, drivers, growth opportunities, and other aspects. Our team of analysts and industry experts conducts market intelligence studies to make sure all relevant and fact-based research across enormous sectors such as FMCG, Technology, Energy, Healthcare, and other industries. The prime emphasis is to keep our clients updated about the opportunities and challenges in a wide range of industries. We offer complete assistance to our clients through strategic services to reach a managerial and actionable decision. We always look forward to helping businesses stay ahead of the curve.

Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: [email protected] Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com

#Subsea Production and Processing Market #Functional Food Market Gmi Research #gmi research

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sciencespies · 5 years ago

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Hunting Plc Is Not In A Race To The Bottom, Says Oilfield Services Firm's CEO

https://sciencespies.com/news/hunting-plc-is-not-in-a-race-to-the-bottom-says-oilfield-services-firms-ceo/

Hunting Plc Is Not In A Race To The Bottom, Says Oilfield Services Firm's CEO

The oil market is witnessing fairly predictable price oscillations between a $50 per barrel floor and $70 ceiling, with sector bosses upping their efficiencies and optimizing their exploration and production (E&P) drives. Many are demanding more of partner oilfield services (OFS) firms where margins are said to be under pressure, but it’s “not a race to the bottom”, at least for his company says one industry stalwart.

Meet Jim Johnson, Chief Executive Officer of Hunting Plc (LON:HTG), an OFS firm that’s in London’s FTSE 250 index. Giving an exclusive Forbes interview fresh off a set of solid half-yearly financials, Johnson says margin pressure in a challenging operating climate does not equate to scraping the barrel.

Hunting most certainly appears not to be. In August, it reported a first-half 2019 revenue of $508.9 million (up 15% on an annualized basis), with underlying earnings before interest, tax, depreciation and amortization (EBITDA) up 6.2% to $77.4 million, and a reported profit from operations of $41.1 million.

Jim Johnson, CEO of Hunting Plc, says margin pressure in a challenging operating climate does not equate to scraping the barrel.

Daniel Jones, 2019

The company acknowledged it made price reductions on certain product lines to respond to the market environment, but Johnson says his “team’s effort in delivering the results and product diversity” illustrate how Hunting stayed competitive.

“Everybody is so focused on unconventional hydrocarbon extraction in terms of bagging OFS business, but Hunting is not a one tricky pony. The industry can aim for much more than just that, especially offshore deepwater plays. While unconventional is facing some clouds on the horizon, international and Gulf of Mexico deepwater plays are coming back.”

Managing a cyclical business

Cycles make margin management trickier but Johnson always keeps a strict eye on them. “That’s because people often do dumb things when they get desperate seeing sales volumes fall off during cycles. We believe in getting paid for what’s fair in terms of what we do for the customer. Operating climate might be tight, but we bring a certain quality, level of service and assurance to the table – so there’s a price below which we will not go just to get some desperate slice of the business.”

Any slowdown in Hunting’s mature Western businesses often gets “balanced out” by its expansion in the East, particularly in Middle East and Southeast Asia, and it all once bottled down to holding firm during 2015-16 downturn.

“We take a long-term view of our business but the downturn in 2015-16 really tested our resolve. Relationships between vendor and customers deteriorated to levels I have not seen before, despite having been in the industry for over 30 years. But we did not reduce our sales or engineering headcount, fully knowing we are in a cyclical business.”

So when the price climate improved and the oil price returned above $50 per barrel, sparking a revival of E&P projects, Hunting was in a prime position to market and sell its OFS products suite quicker to prospective clients. Its portfolio of perforated gun systems offers a case in point.

To the uninitiated, perforating guns carry explosive shaped charges down-hole, where they are subsequently detonated to create tunnels that act as conduits through which hydrocarbons flow up from the reservoir into the well-bore and up to the surface.

“While the downturn was in full swing, we were working on our patented Titan H-1 Perforating Gun system, readying it for sales and marketing. When the economic headwinds subsided, we went about selling it aggressively a mere 18 months ago to bag what I view as a commanding market-leading share for an independent OFS firm offering such a product.”

Hunting Plc’s three business segments, i.e. well construction, well completion and well intervention, are on a “firm footing,” says Johnson.

Daniel Jones, 2019

Hunting’s headline business remains solid and Johnson says the market share for the Titan product stream will remain broadly same over the next few fiscal years. “Nature of competition has not changed. We work hard to maintain that number one position in the independent perforating gun side of the business.”

Overall, its three business segments, i.e. well construction, well completion and well intervention, are on a “firm footing.”

So confident is the company of immediate prospects that it has upped its dividend by a token 1 cent (or shall we 25%) to 5 cents, leading some in the market to view Hunting as an income stock again, in just a matter of years after it eliminated the dividend during the industry downturn. But what does the CEO think?

“I leave that kind of chatter to external commentators. We haven’t come out with a progressive dividend policy but our goal is, and will remain, to increase it. The Hunting family (which owns close to 16% of the business) and large shareholders have been very supportive of our long-term objectives.”

Not going backwards

Johnson says Hunting – which has a colorful history of being involved in a plethora of sectors from defense to airlines since its founding by Charles Hunting in 1874 – is not going backwards and will play to its core strengths.

The first wave of transformation came at the end of the Cold War. “Prior to that was the age of conglomerates. The world changed and so did we. Our bet on the future was energy as the big macroeconomic trend, and it was a good move.”

The modern era transformation came 10 years ago when Hunting grasped energy sector trends further. “Our initial OFS business foothold was in Oil Country Tubular Goods (OCTG) related products for E&P companies in the North Sea. In line with natural business diversification, and while noticing changes in deepwater exploration, we bought a subsea equipment company, advanced manufacturing outfits, and the biggest transformation occurred in buying Titan.”

Hunting’s most recent acquisition came in August via a $12.5 million cash acquisition of RTI Energy Systems Inc; a manufacturer of production riser technologies for deepwater applications within the offshore oil and gas industry.

Johnson describes the move as a “steal” at the price the company paid. “It is potentially a $85 million per year revenue and $10 million EBITA business. But we basically bought it for the price of the assets from an aerospace company that was looking to move on.”

Given Hunting has decent cash reserves, what would be its next ideal acquisition target? “The perfect company size-wise for us is probably a $40 million deal with a product suit that has proprietary technology and/or some geographic enhancements that we don’t have. It has to be something along the lines of well completion, subsea or maybe well intervention business model. We won’t venture out into a service stream that is totally new, for example artificial lifts.”

“The energy industry raises people’s standard of living and the upside is unbelievable,” Johnson says.

Hunting Plc

But Hunting does have non-energy plays too. For instance, its a recent strategic tie-up with India’s Jindal Steel. “Out of Maine, U.S. we make jet engine shafts for GE. Elon Musk is a customer via SpaceX and our electronics outfit in Houston has medical clients. However, over 90% of our business comes from the energy sector; that mix will not materially change over the longer-term.”

The energy industry raises people’s standard of living and the upside is unbelievable which cannot be all provided by a windmill, Johnson adds.

And the Hunting CEO has no time for peak oil theorists either. “I have spent most of my professional life sitting in the offices of oil and gas companies and know a thing or two about E&P activity versus supply and demand. My take is – tell me the price of oil and I’ll tell you how much oil there is! If the price is at $30 there’s only as much exploration happening around, price hits $100 and suddenly there’s a whole lot more exploration!”

Selling is an art and science rolled into one

Barring a four-year stint in Aberdeen, U.K., much of Western Pennsylvania-born Johnson’s professional life has been in Texas, and more specifically in America’s oil and gas capital of Houston, where he first moved to in 1988.

“Having a sales background teaches you to be close to customers, providing the right answers and solutions to their questions and problems. It is what I do to this day – sales – an art and science rolled into one. But you have to switch-off on occasion, decompress, and get ready for the next challenge. Gardening, watching football, the odd baseball game and most especially spending time with my wife, two kids and four grandkids help me do just that.”

That next emerging challenge for the OFS business is the oil and gas industry’s craving for further efficiencies and enhanced oil recovery (EOR). “These are positive developments in the wake of the 2015-16 downturn. We are well positioned to help customers reduce drilling times and costs, and often partner on research and development costs.

“EOR is good for our Titan business, because E&P companies are going to have to go back needing perforating guns and re-stimulate reservoirs where our well intervention business is eyeing opportunities. We are ready for the good times. However, knowing it is cyclical business, we’re well geared and prepared for the bad times too.”

#News

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dsiddhant · 6 years ago

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The subsea systems market is expected to grow from an estimated USD 15.78 Billion in 2016 to USD 17.44 Billion by 2021, at a CAGR of 2.02% during the forecast period. Despite steep revenue declines 2015 onwards, the global market is set to witness growth after 2018 due to the increasing production from deepwater fields. Offshore exploration and production investments in Africa and Asia-Pacific region will also boost the market growth.

Browse 69 market data tables and 49 figures spread through 159 pages and in-depth TOC on “Subsea Systems Market - Global Forecast to 2021”

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/subsea-production-processing-systems-market-938.html

Subsea Production: The largest segment by type

The subsea systems market has been broadly classified on the basis of type into production system and processing system. Subsea production system segment accounted for the largest share of the market in 2015, while subsea processing system segment is projected to grow at a faster pace among the two segments. Subsea production will witness demand from continuing deepwater activities in Africa, the U.S. Gulf of Mexico, and South America. The subsea processing system market will be driven by the need for improving recovery rates in shallow water fields, particularly across the North Sea.

SURF: Biggest market by subsea production technology

Subsea Umbilicals Risers and Flowlines (SURF) are important equipment in subsea production systems. Umbilical system is a bundled arrangement of piping, tubing, and electrical conductors which are bounded in armored sheath. The primary application of umbilical is to transmit control fluids. It is also used to monitor pressures and inject fluids. The rising focus on deepwater drilling is the major driver for the SURF market. Moreover, the oil discoveries in emerging economies, especially in Africa, provide further positive contributions to the subsea systems market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=938

Europe: The largest market for subsea systems

The European region was the largest estimated market for subsea systems in 2015, driven largely by the developments in Norway and the U.K. These developments took place due to policy changes by governments to increase the production. Moreover, the offshore oil reserves in the U.K. and Norway provide attractive business opportunities for major oil operators to invest which will further drive the subsea systems market.

Some of the top players in the subsea systems market include Subsea 7 (U.K.), FMC Technologies (U.S.), GE Oil & Gas (U.S.), Aker Solutions (Norway), One Subsea (U.S.), Technip (France), Dril-Quip, Inc. (U.S.), and Kongsberg Oil & Gas Technologies (Norway).

#subsea systems market #subsea systems #offshore systems #offshore drilling #offshore oil and gas #offshore #oil and gas #oil and gas industry

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priyanka16me · 6 years ago

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Global Underwater Monitoring System for Oil and Gas Market: Strict Safety Regulatory Inspiring Adoption 2017 – 2025

A recent study by Transparency Market Research (TMR) suggests that in the global oil and gas sector, the underwater monitoring system market is undeniable, though the presence of a vast number of regional and country-wide vendors is keeping the competitive landscape distributed. The TMR report identifies Kongsberg Maritime, SONARDYNE, Schlumberger-OneSubea, Teledyne Marine, DSPComm, Fugro, Ocean Sonics, Mitcham Industries, and KCF Technologies as some of the key participants of the global underwater monitoring system for oil and gas market.

As per the projections of the report, the demand in the global underwater monitoring system for oil and gas market will multiply at an impressive CAGR of 6.43% during the forecast period of 2017 to 2025. The report has evaluated that the underwater monitoring system market in the oil and gas sector was worth merely US$680.0 mn in 2016, and estimates it to accumulate a valuation of US$1881.3 mn by the end of the forecast period, i.e. 2025.

It has been detected by the report that based on the type of subsea sensor, the global underwater monitoring system for oil and gas market gains maximum demand for pressure sensors and riser technology, whereas on the basis of monitoring systems, the market for acoustic sensor category is most prominent. Among the wireless sensors networks, SCADA contributed almost two-third of the demand in 2016, while frequency division multiple access (FDMA) was most in-demand communication method. Geographically, Asia Pacific leads the demand among all regions, although North America and Europe are also sustaining a strong demand-flow.

Increased Offshore Explorations Driving Demand

For an offshore oil and gas operation, underwater monitoring systems are essential, constantly monitoring and ensuring the integrity of offshore or subsea installation. The use of these systems improves safety of the operation. Underwater monitoring systems is culmination of various sensors, equipment, and technologies, which gather the real time data and make it available for fast paced decision making. This is a key process in a high risk and complex environment that oil and gas industry operates under.

It has been observed that most of the existing oil reserves have approached a stage of maturity. Consequently, there is a need to locate, explore, and develop new oil reserves, which is also expected to boost the market for underwater monitoring system for oil and gas market. In addition to that, recent technological advancement has made the deep offshore reserves to be developed economically and safely. The increased number of offshore activity indicate better opportunity for underwater monitoring systems for oil and gas market. In the oil and gas industry, the underwater monitoring systems has wide range of applications in various activities right from exploration, pre installation survey/baseline studies, construction & installation to drilling, production, decommissioning and others. Subsea structure monitoring, asset integrity monitoring, underwater pipeline integrity monitoring are some of the key applications of underwater monitoring system for oil and gas market.

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Environmental Concerns Opening New Opportunities

According to the author of the report, strict regulatory norms of safety increased environmental concerns are opening new opportunities for the vendors operating in the global underwater monitoring system for oil and gas market. The underwater monitoring system provides real time data about health of subsea oil and gas production installations, underwater pipeline integrity, and rig infrastructure. This real time data enhances the ability of quick and better decision making which further prevents any potential of failure of system.

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kisan512posts · 4 years ago

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Global Flexible pipes Market - Growth Drivers, Opportunities and Forecast Analysis to 2026

Flexible pipes Industry

Description

Global Flexible Pipes Market is accounted for $915.93 million in 2017 and is expected to reach $1,470.07 million by 2026 growing at a CAGR of 5.4% during the forecast period. Increasing demand for engineering grade flexible materials, rise in activities such as exploration of oil & gas reserves and technological advances in the drilling process are the factors propelling the market growth. However, stringent regulations in the oil & gas industry and decreasing crude oil prices are some of the factors hindering the market growth. Moreover, the discovery of new oil reserves is providing ample opportunities for the market growth.

A flexible pipe is a vacuum type tube made to carry fluids from one place to another. These pipes are utilized in offshore and onshore oil & gas exploration and creation process. Flexible pipe is characterized by a composite construction of layers of different materials, which allows large amplitude deflections without adverse effects on the pipe.

By application, offshore flexible pipes are broadly used in applications such as chemical injection pipes and risers. These pipes assist to explore and expand petroleum reserves that are situated beneath a water body, such as river, sea, lake, or ocean. Offshore drilling and production activities are rising due to the growing importance of profound and ultra-deepwater activities in most of the regions.

Based on geography, North America is attributed to held growth during the forecast period due to the rising number of oil and gas E&P activities being undertaken. Factors such as industrial advancements in horizontal and pad drilling and the large quantity of shale oil and gas reserves will enhance the use of flexible pipes in the exploration of oil and gas in the region.

Some of the key players profiled in the Flexible pipes include National Oilwell Varco, Technipfmc PLC, Deepflex, Soluforce, Shawcor Ltd., Airborne Oil & Gas B.V., GE Oil & Gas Inc., Prysmian S.p.A., Flexsteel Pipeline Technologies, Contitech AG, Pipelife Nederland B.V., Magma Global Ltd. and Chevron Phillips Chemical Company LLC.

ALSO READ https://www.einpresswire.com/article/484300459/flexible-pipes-industry-sales-supply-and-consumption-2019-analysis-and-forecasts-to-2026

Product Types Covered: • Jumpers • Risers • Fluid Transfer Lines • Flow Lines

Types Covered: • Silicone Flexible Pipe • Insulated Flexible Pipe • Metric Flexible Pipe • Other Types

Raw Materials Covered: • Polyamides (PA) • Polyvinylidene Fluoride (PVDF) • High-Density Polyethylene (HDPE) • Stainless Flexible Pipe • Rubber Flexible Pipe • Polyvinyl Chloride (PVC) Flexible Pipe • Aluminium Flexible Pipe • Teflon Flexible Pipe • Other Raw Materials

Applications Covered: • Onshore • Offshore

End Users Covered: • Manufacturing • Water Treatment • Oil & Gas • Mining • Chemical and Petrochemical • Other End Users

Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/3679698-flexible-pipes-global-market-outlook-2017-2026

What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 9 years of all the mentioned segments, and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements

Table of Content

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Flexible Pipes Market, By Product Type

6 Global Flexible Pipes Market, By Type

7 Global Flexible Pipes Market, By Raw Material

8 Global Flexible Pipes Market, By Application

9 Global Flexible Pipes Market, By End User

10 Global Flexible Pipes Market, By Geography

11 Key Developments

12 Company Profiling 12.1 National Oilwell Varco 12.2 Technipfmc PLC 12.3 Deepflex 12.4 Soluforce 12.5 Shawcor Ltd. 12.6 Airborne Oil & Gas B.V. 12.7 GE Oil & Gas Inc. 12.8 Prysmian S.p.A. 12.9 Flexsteel Pipeline Technologies 12.10 Contitech AG 12.11 Pipelife Nederland B.V. 12.12 Magma Global Ltd. 12.13 Chevron Phillips Chemical Company LLC

Continued...

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jayu123-me · 5 years ago

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Underwater Monitoring System Latest Trends estimates to accumulate a valuation of US$1881.3 mn

A recent study by Transparency Market Research (TMR) suggests that in the global oil and gas sector, the Underwater Monitoring System Latest Trends is undeniable, though the presence of a vast number of regional and country-wide vendors is keeping the competitive landscape distributed. The TMR report identifies Kongsberg Maritime, SONARDYNE, Schlumberger-OneSubea, Teledyne Marine, DSPComm, Fugro, Ocean Sonics, Mitcham Industries, and KCF Technologies as some of the key participants of the global underwater monitoring system for oil and gas market.

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Increased Offshore Explorations Driving Demand

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Environmental Concerns Opening New Opportunities

The information presented in this review is based on a Transparency Market Research report, titled, “Underwater Monitoring System for Oil and Gas Market (Subsea Sensor – Pressure Sensors, Temperature Sensors, Proximity Sensors, Inclinometers, Rotation Sensors, Load Sensors for Tension and Compression, Linear Displacement Gauges, Flexible pipe systems, Riser Technology, and Pipeline type; Monitoring Systems – Acoustic Sensor Market (Underwater Vehicle, Doppler Current Profiler, Sonobuoys, and Hydrophones (Cable and Autonomous)), Wireless Sensors Networks (3G/GPRS Communication Module, RTU, and SCADA), and Satellite Radio Navigation; Communication Method – FDMA, TDMA, CDMA, and SDMA) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”

Explore Transparency Market Research’s award-winning coverage of the global (Chemicals and Materials) Industry

https://www.prnewswire.com/news-releases/tmr-predicts-strong-forecast-for-the-chemical-mechanical-planarization-market-high-precision-electronic-wafers-to-drive-valuation-to-us-9-billion-by-2027-301015218.html

Explore Transparency Market Research’s award-winning coverage of the global (Energy) Industry

https://www.globenewswire.com/news-release/2019/10/09/1927282/0/en/Mined-Anthracite-Coal-Market-to-Reach-a-Valuation-of-US-68-8-Bn-by-2027-TMR.html

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rdagade · 5 years ago

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Global Thermoplastic Pipe Market

was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.

Thermoplastic pipes have unique characteristics like flexibility, high chemical resistance, low installation cost, high mechanical strength, greater flow, etc. Considering to these unique characteristics, thermoplastic pipes are preferred over metal pipes & considered as the best option for oil and gas offshore drilling practices.

Growing applications of thermoplastic pipe through sectors like oil & gas, chemical, mining & dredging along with application in deep water & ultra-deep-water are main factor driving the growth of the market towards the north.

Nevertheless, high costs associated with production of thermoplastic pipes is a key factor restraining growth of global thermoplastic pipe market. In addition, lack of skilled workforce, and complex process of reinforcing fiber from thermoplastic resin are some other factors projected to hinder the growth of global thermoplastic pipes market over the forecast period.

According to application, oil & gas application is projected to grow with increasing demand for flexible pipes, umbilical, and risers. The thermoplastic pipe market is expected to grow with increasing deep, ultra-deepwater applications for oil & gas industry, as well as water and wastewater pipes for municipal application.

Expansions made by the industry players mainly consist of mergers & acquisitions, and expansions. The companies are constantly investing in R&D to introduce high-quality pipes with modified and improved properties. They are also investing in expansion of their production facilities in different countries to reinforce their global reach.

Geographically, the market in Asia Pacific currently accounts for major market share in terms of revenue as compared to that of markets in other regions. This can be attributed to growing oil & gas exploration activities, and increasing demand for thermoplastic pipes in chemical industry in developing economies such as China, India, etc. The market in North America accounted for second-highest revenue share in global thermoplastic pipes market, because of increasing shale gas projects in countries in the region. Similarly, the market in Middle East is anticipated to show moderate growth over the forecast period, on account of discovery of new hydrocarbon reserves in the region.

The report offers detailed insights, revenue details, and other vital information regarding the market, and the several trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and in depth information regarding the many key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. Global thermoplastic pipes market report has been segmented on the basis of type, application, and region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global thermoplastic pipe market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global thermoplastic pipe market.

For more information visit@ https://www.maximizemarketresearch.com/market-report/global-thermoplastic-pipe-market/31146/

Scope of Global Thermoplastic Pipe Market

Global Thermoplastic Pipe Market, By Type

• PVC

• PE

• PA

• PP

• PVDF

• Others

Global Thermoplastic Pipe Market, By Application

• Oil & Gas

• Municipal

• Chemical

• Mining & dredging

Global Thermoplastic Pipe Market, By Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key Players Operating in Global Thermoplastic Pipe Market

• Technip

• Advanced Drainage Systems Inc.

• Chevron Phillips Chemical

• Airborne Oil & Gas B.V.

• Georg Fischer Piping Systems Ltd.

• Simtech, Inc.

• National Oilwell Varco, L.P.

• Prysmian S.p.A.

• IPEX Inc.

• Aetna Plastics Corporation.

This Report Is Submitted By @ Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

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#Global Thermoplastic Pipe Market

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pratikshame-blog · 5 years ago

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Subsea Well Access System Market : Industry Outlook by 2027

Global Subsea Well Access System Market: Overview

The global subsea well access system market is primarily driven by plummeting production from the oil and gas reserves together with ageing offshore fields. A quick shift toward subsea regions is the emerging trend in oil and gas production sector, marking an important divergence from the usual methods of production. Some of the subsea environment exists in most unexplored and extremely remote parts of the earth. Working in such an environment renders intervention and monitoring extremely difficult. It poses some environmental issues and unique challenges for the workers and the companies alike.

Type and region are the two parameters based on which the global subsea well access system market has been segmented for better understanding of the market.

Global Subsea Well Access System Market: Notable Developments

One of the developments that characterize the changing course of the global subsea well access system market is as mentioned below:

In April 2016, leading oilfield services company, Schlumberger Limited, declared about its merger with Houston based Cameron International Corporation. The latter is a provider of equipment for the oil and gas industry. This merger amalgamated two technology portfolios and converted into a pore-to-pipeline services and products offering for the oil and gas industry across the globe. It is likely to offer a technology driven market growth for the merged company.

Some well-known organizations in the global subsea well access system market comprise the below-mentioned:

Halliburton Company

Weatherford International Limited

National Oil Well Verco Inc.

Baker Hughes Incorporated

Schlumberger Limited

GE Oil & Gas

Global Subsea Well Access System Market: Key Trends

The following drivers, opportunities, and restraints characterize the global subsea well access system market over the review period, from 2019 to 2027.

Expansion of the Drilling Activities and Maturing Offshore Reserves to Boost Market

The global subsea well access system market is likely to be influenced by increasing concern for safety and growing need for increased production from the reserves. In addition, expansion of the exploration activities in the oil and gas industry is also likely to add impetus to the global subsea well access system market. Rising offshore exploration and production together with drilling activities is likely to impact the market. It has also led to the increased demand for heavy intervention systems in the ageing subsea wells. This factor is prophesized to open up new opportunities for growth for the global subsea well access system market over the forecast tenure.

Safety measures and production efficiency can be improved with the use of subsea well access system. Based on product type, the market is divided into rig less and rig based well access systems. Rig based access system is extremely costly and finds use in heavy well intervention. Rig less well access system is cost effective and is utilized in medium and light well interventions.

Rig based system is sub-divided into landing string systems and completion workover riser. However, expensive and lengthy rig based well access system is likely to offer ample opportunities for high growth for rig less systems over the assessment tenure, from 2019 to 2027. Furthermore, increasing demand for energy is likely to necessitate use of offshore interventions, which is anticipated to boost the global subsea well access system market.

On the other hand, environmental issues pertaining to the use of the system are likely to impede the growth of the global subsea well access system market.

To clarify your doubts about the report on Subsea Well Access System Market, Request a Brochure here

Global Subsea Well Access System Market: Geographical Analysis

To offer comprehensive view of the global subsea well access system market, TMR experts have split the market on the basis of regions. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.

North America is likely to come up as a leading regional segment for the global subsea well access system market. Growth of the region in the market in the region is mainly due to maturing of the offshore oil fields in the Gulf of Mexico. Furthermore, recent shale discoveries in Mexico and Canada are expected to offer immense growth potential for the regional market over the assessment tenure.

#Subsea Well Access System Market

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wonderlandshreyash77-blog · 6 years ago

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Single Point Anchor Reservoir (SPAR) Market : Structure and Overview of Key Market Forces Propelling Market

Global Single Point Anchor Reservoir Market: Overview

Single point anchor reservoir (SPAR) refers to a certain type of offshore oil platform that provides a base to extract and process oil in ultra-deep water regions. With rising global population and rapid urbanization, the demand for energy is constantly increasing, which is urging the operators of oil and gas to move beyond onshore resources and explore offshore opportunities. Consequently, the demand in the global single point reservoir market is expected to expand at a healthy growth rate during the forecast period of 2016 to 2024.

Read Report Overview @ https://www.transparencymarketresearch.com/single-point-anchor-reservoir.html

This report on global single point anchor reservoir market is an all-inclusive analysis of the market in its current scenario, and based on the factors that are anticipated to influence the demand, it presents estimations of the future until 2024. The report also features a section on company profiles, wherein a number of prominent players have been analyzed for their market share, basic details, and recent strategic developments. The global market for single point anchor reservoir can be segmented on the basis of product, into cell, classic, and truss SPAR. Geographically, the report explores the opportunities available in the regions of Asia Pacific, North America, Europe, and Rest of the World.

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Global Single Point Anchor Reservoir Market: Trends & Opportunities

Consistently increasing demand for natural gas and crude oil is the primary driver of this market, and will remain prominent for the entire duration of the forecast period. Although there are currently very few SPAR platform across the world, their evident benefits are being noticed by the operators and consequently, preference is shifting past conventional oil extraction platforms constructed on the sea or ocean beds. The benefits of SPAR includes excellent deep draft design, which provides robust resistance against wind and waves, enclosed cylinder that acts as a protective barrier for equipment and risers, and hull, which helps in storing the produced oil and gas. The report also expects the rapid industrialization across the emerging economies to extend the demand for fossil fuels, which in turn will reflect positively on global single point anchor reservoir market. Conversely, factors such as depleting hydrocarbon reserves and stringent regulations against environmental hazards, are expected to hinder the growth rate during the forecast period. High cost of single point anchor reservoir and considerably long time required for the construction of a single SPAR are another two factors expected to negatively impact the market expansion.

Global Single Point Anchor Reservoir Market: Regional Outlook

North America currently is the most important regional market for SPAR, wherein most of the offshore drilling platforms have been established. World’s first classic SPAR called Neptune was established in the Gulf of Mexico, while Royal Dutch Shell Plc set-up one of world’s deepest platform called Perdido, also in the Gulf of Mexico. Massive oil reserves underwater and extensive industrialization in the developed country of the U.S. makes North America the most profitable region.

#Single Point Anchor Reservoir (SPAR) Market

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shariktmr-blog · 6 years ago

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Global Subsea Well Access System Market Outlook Highlights Major Opportunities Likely to Steer Demand during Forecast Period 2018 to 2028

Manufacturers are offering specialized fluid intervention technology and services that help in improving the production rates of subsea wells and such advancements enable the cost-effective delivery of scale removal services, which is estimated to have a positive impact on well production rates and the Subsea Well Access System Market during the forecast period. Workover systems, being essential tools throughout the lifespan of a subsea well, help in easy installation, maintenance, repayments, diagnostics, enhanced production, plugging and abandonment. Moreover, comprehensive lifecycle support, reduced hook-up, flexible and shorter lead times and user friendly software platforms are some of the features that drive the growth of the subsea well access system market. Subsea intervention helps in relative productivity enhancement as compared to equivalent dry based wells and thus, the growing requirement from brown-fields and the strong demand for innovator solutions may enhance the subsea intervention activity and subsequently, support the growth of the subsea well access system market during the forecast period.

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The most critical factor in the development of subsea oil and gas fields is the safe and reliable installation of subsea equipment with the increased requirement for interventions as the field matures. Furthermore, operators are under high pressure to maximize recovery rates against challenging obstacles as the average age of subsea wells is over 10 years. Subsea well access system players are investing in advanced technology to ensure safety and efficient solutions to overcome the challenges they may encounter during offshore campaigns. Different subsea wells have varying life-spans as well as characteristics and thus, the construction of subsea well access systems to ensure productivity involves substantial efforts.

Subsea Well Access System Market: Dynamics

Significant upturn in the oil and gas industry is estimated to drive the growth of the global subsea well access system market during the forecast period. Furthermore, with the implementation of API standards, especially for rigless interventions, and other stringent government regulations for safety are further expected to spur the subsea well access system market growth over the next decade. High reliability, durability, simple installation and increasing investments are also expected to enhance the growth of the global subsea well access system market during the forecast period.

On the other hand, complex operating conditions in extreme depths and embrittlement of metals at subsea pressures and temperatures may affect the performance of subsea well access systems and subsequently, hamper the growth of the overall subsea well access system market. Furthermore, the inability of riser-less light well intervention to run coil tubing, low awareness regarding technology and inability to pump large fluid volumes are estimated to hinder the growth of the global subsea well access system market during the assessment period.

To know more about the Subsea Well Access System Market Visit the link- https://www.factmr.com/report/1542/subsea-well-access-system-market

Product and service providers in the market are focusing for the possibility of developing polyester moorings, which is a recent trend identified in the subsea well access system market. Another trend gaining momentum in the subsea well access system market is the assessment of induced vibrations on drilling risers.

Subsea Well Access System Market: Segmentation

The global subsea well access system market has been segmented on the basis of product type as,

Rig-based subsea well access systems

Vessel-based subsea well access systems

Subsea Well Access System Market: Region-Wise Outlook

North America is estimated to account for a dominant share in the global subsea well access system market, as players in the region are focusing on enhancing the lifespan of mature wells and increasing the natural production levels. Furthermore, the subsea well access system market in Europe is estimated to witness substantial growth during the forecast period, due to increasing flow assurance challenges and growing operating costs in mature wells. The subsea well access system market in Asia pacific, followed by the Middle East & Africa, is expected to register significant growth during the forecast period, owing to the growing demand for wireline-based services that help in lower well measuring devices. Growing activities in Mexico, Chile and other Latin America countries are further expected to augment the growth of the subsea well access system market in the region.

Subsea Well Access System Market: Market Participants

Some of the key players identified in the subsea well access system market include, TechnipFMC, General Electric, Aker Solutions, Schlumberger Limited, Halliburton, Baker Hughes Incorporated, National Oilwell Varco, Dril-Quip, Inc. Osbit

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

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About FactMR FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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#Subsea Well Access System Market Subsea Well Access System Market report Subsea Well Access System Market size Subsea Well Access System Mar

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cmfelatestarticle · 6 years ago

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Rig Based Well Access System Market to Observe Strong Development by 2024

The high degree of competition in the oil and gas industry has necessitated the intervention of subsea wells for their improved production efficiency. In this scenario, major exploration companies are investing heavily in offshore locations, which requires reliable subsea equipment for the efficient production of oil and gas in these locations. Rig based well access systems refers to a type of subsea well access systems that employs a rig to access subsea wells. Rig based well access systems enhance the efficiency of drilling and production activities of subsea wells. The apparatus is utilized for maximum reliability and safety during production, which in turn, translates into maximum yield.

Read Report Overview @

https://www.transparencymarketresearch.com/rig-based-well-access-system.html

The global rig based well access system market can be segmented on the basis of type and geography. In terms of type, the market can be divided into the segments of completion riser systems, landing string systems, and tubing rotary systems.

The research report is a complete study of current market trends, industry growth drivers, and restraints of the global rig based well access systems market. The analysis presented in the report is based on data collected from industry-centric bodies and insightful inputs received from industry experts.

Global Rig Based Well Access System Market: Drivers and Restraints

The increasing development of deep offshore oil and gas reserves and the need for efficient production equipment are the primary drivers of the global rig based well access system market. Moreover, the need to improve recovery rates from subsea wells will bolster the growth of this market. The mature offshore wells need regular intervention, therefore the use of rig based well access systems are suitable in such scenarios.

Rig based well access systems are specifically utilizable for large offshore oil and gas reserves. The growing need for the intervention of mature subsea wells, particularly in South America and Europe, is further encouraging the deployment of these systems. However, the fast development of riserless well intervention will challenge the growth of the rig based well access systems market in the future. Other than this, high installation costs and operational risks involved with these systems will also pose a challenge to the growth of this market.

Nevertheless, with the increasing exploration reserves carried out by large oil and gas operators, the rig based well access systems market will continue to grow.

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Global Rig Based Well Access System Market: Regional Outlook

The global rig based well access systems market can be segmented geographically into North America, Europe, Asia Pacific, and Rest of the World. Latin America will offer lucrative growth opportunities to the market due to the increasing discovery of offshore oil fields in this region. Europe is also a significant market for rig based well access systems due to the presence of a large number of mature wells that require a significant overhaul. This market has prospects of further development, especially in the U.K. and Norway. Several prospective offshore gas reserves in Africa are expected to extend growth opportunities to the growth of the global rig based well access systems market. The Middle East and Asia Pacific are other potential regions that may increase investments on rig based well access systems.

Major Companies Mentioned in Report

Some of the leading players that have a significant presence in the global rig based well access systems market are FMC Technologies, Aker Solutions, Tenaris, Weatherford Solutions, Schlumberger, Proserv, Cameron Internationa, and National Oilwell Varco.

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marketresearchpr-blog · 6 years ago

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Launched “ Global Subsea System Market Analysis 2019-2025″ | Industry Growth, Business Opportunity, Share, Revenue and Top Manufacturers

Orian Research added the report of Global Subsea System Market that studies current scenario of the market and forecast in the coming years. The report evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2025. Analyzed over a far-reaching geographical space, this Subsea System market report is rather exhaustive, and very meticulously forecasts the sales garnered by this business sphere in terms of volume and revenue, across numerous countries.

Get Sample Copy at https://www.orianresearch.com/request-sample/822401

Subsea production will witness demand from continuing deepwater activities in Africa, the U.S. Gulf of Mexico, and South America. The subsea processing system market will be driven by the need for improving recovery rates in shallow water fields, particularly across the North Sea.

No. of Pages: 96 & Key Players: 10

Key Companies Analyzed in this Report are:

Subsea 7

FMC Technologies

GE Oil & Gas

Aker Solutions

One Subsea

Technip

Dril-Quip

Oceaneering International

Proserv Group

Kongsberg Oil & Gas Technologies

…

Inquire more or share questions if any before the purchase on this report @ https://www.orianresearch.com/enquiry-before-buying/822401

Subsea System industry research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.

Subsea System Market Major Aspects:

• Readability: The Global Subsea System Market 2019-2025 report landscapes in-depth and detailed information on the Subsea System market with respect to market growth, constraints, opportunities, and market size study.

• Global Coverage: The report further declares a global yet brief study of the Subsea System market based on market statistics analysis from primary geographical regions.

• Comprehensive: The Global Subsea System Market report is based on a wide-ranging study of major Subsea System market regions and segments providing analysis of the dynamic business environment.

• Diverse: The Subsea System market report has various highlights elements including technological development, economic factors, trends, opportunities and threats to the growth of Subsea System market.

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Segment by Type

Subsea Production System

Subsea Processing System

Segment by Application

Oil Industry

Natural Gas Industry

Other

Major Points Covered in Table of Contents:

1 Global Subsea System Market Overview

2 Global Subsea System Market Competitions by Manufacturers

3 Global Subsea System Capacities, Production, Revenue (Value) by Region

4 Global Subsea System Supply (Production), Consumption, Export, Import by Region

5 Global Subsea System Productions, Revenue (Value), Price Trend by Type

6 Global Subsea System Market Analyses by Application

7 Global Subsea System Manufacturers Profiles/Analysis

8 Subsea System Manufacturing Cost Analysis

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

10 Marketing Strategy Analyses, Distributors/Traders

11 Market Effect Factors Analysis

12 Global Subsea System Market Forecast

13 Research Findings and Conclusion

14 Appendixes

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