Growth of Oil and Gas Fishing Market to Be Impacted by the Rising Global Demand for Oil and Gas | Technavio

The report, oil and gas fishing market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.

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Technavio has announced its latest market research report titled global oil and gas fishing market 2020-2024. (Graphic: Business Wire)

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The report on the oil and gas fishing market includes:

Oil and Gas Fishing Market Analysis and Forecast 2020-2024: Features

• Competitive landscape
• Market segmentation
  • Geographic Segmentation
  • Application Segmentation
• Market drivers
• Market trends
• Market challenges
• Five forces analysis
• Market landscape
• Market sizing & forecast

Oil and Gas Fishing Market 2020-2024: Competitive landscape

• Vendors covered
• Vendor classification
  • Archer Ltd.
  • Ardyne Technologies
  • Baker Hughes Co.
  • China Oilfield Services Ltd.
  • Expro Holdings UK 2 Ltd.
  • Halliburton Co.
  • National Oilwell Varco Inc.
  • Odfjell Drilling Ltd.
  • Weatherford International Plc
  • Wellbore Integrity Solutions LLC

Oil and Gas Fishing Market Landscape 2020-2024: Geographic landscape

• APAC - size and forecast 2019-2024
• Europe - size and forecast 2019-2024
• MEA - size and forecast 2019-2024
• North America - size and forecast 2019-2024
• South America - size and forecast 2019-2024
• Key leading countries

Oil and Gas Fishing Market Landscape 2020-2024: Application Segmentation

• Onshore - size and forecast 2019-2024
• Offshore - size and forecast 2019-2024

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Rising global demand for oil and gas will drive the oil and gas fishing market

The rising demand and consumption of energy and rapid industrialization and urbanization in developing economies including India and China are driving the demand for oil and gas natural gas and liquid fuels. According to the US EIA, global liquid fuel consumption increased from 98.57 mbpd in 2017 to 100.72 mbpd in 2019. Consequently, the drilling activities by oil and gas E&P companies to explore untapped reservoirs are also increasing. This will drive the need for fishing operations to recover tools and materials from the oil well so that well operations such as drilling can be carried out without hinderance.

Increasing adoption of rigless well intervention – An emerging trend in the oil and gas fishing market

Well intervention is an upstream oil and gas repair and maintenance service, which may be required during drilling or even after drilling of the well is completed. These activities can be performed by either employing drilling or workover rigs or without such rigs. The rigless intervention is gaining prominence in the oil and gas industry as it is cost-effective, safe, and efficient. Fishing, being a well intervention technique, also benefits from the growing adoption of rigless well intervention techniques.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

MARKET SIZING

• Market definition
• Market sizing 2019
• Market size and forecast 2019-2024

Get Full Report: https://www.technavio.com/report/oil-and-gas-fishing-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

• Increasing adoption of rigless well intervention
• Rise in deepwater and ultra-deepwater E&P activities
• Declining prices of raw materials

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200123005495/en/