Oil platforms

Wellhead Equipment Market Report 2021-2026: Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 14, 2021
Other Manufacturing, Manufacturing, Oil wells, Petroleum production, Petroleum industry, Oil platforms, Wellhead, Energy industry

The "Wellhead Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Wellhead Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
  • The global wellhead equipment market reached a value of US$ 6.2 Billion in 2020.
  • Wellhead equipment refers to a device that is permanently installed at the surface of an oil and gas well.
  • What is the structure of the global wellhead equipment market and who are the key players?

Wellhead Equipment Market Research 2020-2024- Featuring Aker Solutions ASA, Baker Hughes Co., Dril-Quip Inc., Among Others to Contribute to the Market Growth | Technavio

Retrieved on: 
Monday, December 21, 2020
Oil, Gas, Energy, Petroleum production, Oil wells, Business, Articles, Oil platforms, Petroleum industry, Wellhead, Market analysis

View the full release here: https://www.businesswire.com/news/home/20201221005401/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20201221005401/en/
    Technavio has announced its latest market research report titled Global Wellhead Equipment Market 2020-2024 (Graphic: Business Wire)
    Worried about the impact of COVID-19 on your Business?
  • The report on the wellhead equipment market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
  • The wellhead equipment market analysis includes application segment and geography landscape.
  • This study identifies the increasing number of deep and ultra-deepwater drilling projects as one of the prime reasons driving the wellhead equipment market growth during the next few years.

Borr Drilling Limited - Sale of rig

Retrieved on: 
Wednesday, October 28, 2020
Oil platforms, Drilling rig, Petroleum engineering, Petroleum geology, Jackup rig, Petroleum production, Petroleum industry, Petroleum

OSLO, Norway, Oct. 28, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: "BORR", OSE: "BDRILL") has entered into an agreement to sell its cold stacked jack-up drilling rig "Atla" to an independent operator.

Key Points: 
  • OSLO, Norway, Oct. 28, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: "BORR", OSE: "BDRILL") has entered into an agreement to sell its cold stacked jack-up drilling rig "Atla" to an independent operator.
  • Together with the previously announced sale of the standard jack-up drilling rig "Eir", which has been completed in October, the Company will record total cash proceeds of USD 13 million.
  • With the sale of these jack-ups, Borr Drilling continues to deliver on its fleet strategyof divesting inactive, cold stacked units and focus on the modern and highly efficient core fleet of premium jack-up rigs.
  • Following these rig sales, Borr Drilling will have 28 modern assets built after 2011, and one remaining older cold stacked rigwhich is likely to be sold within the fourth quarter.

Wellhead Equipment Market to Reach $7.99 Billion, Globally, by 2026 at 5.0% CAGR: Allied Market Research

Retrieved on: 
Wednesday, September 2, 2020
Oil platforms, Petroleum production, Petroleum industry, Wellhead, Oil well, Science and technology

Rise in exploration and drilling activities for oil around the globe, oil price recovery, and increase in redevelopment of mature oil wells fuel the global wellhead equipment market.

Key Points: 
  • Rise in exploration and drilling activities for oil around the globe, oil price recovery, and increase in redevelopment of mature oil wells fuel the global wellhead equipment market.
  • This, in turn, is expected to boost the global wellhead equipment market.
  • Based on application, the onshore segment contributed to more than two-thirds of the global wellhead equipment market share in 2018 and is anticipated to maintain its top status by 2026.
  • Get detailed COVID-19 impact analysis on the Wellhead Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/6338?reqf...
    Based on geography, North America garnered the major share in 2018, generating around two-fifths of the global wellhead equipment market.

Wellhead Equipment Market to Reach $7.99 Billion, Globally, by 2026 at 5.0% CAGR: Allied Market Research

Retrieved on: 
Wednesday, September 2, 2020
Oil platforms, Petroleum production, Petroleum industry, Wellhead, Oil well, Science and technology

"According to the report, the global wellhead equipment industry was estimated at $5.32 billion in 2018, and is anticipated to hit $7.99 billion by 2026, registering a CAGR of 5.0% from 2019 to 2026.

Key Points: 
  • "According to the report, the global wellhead equipment industry was estimated at $5.32 billion in 2018, and is anticipated to hit $7.99 billion by 2026, registering a CAGR of 5.0% from 2019 to 2026.
  • Rise in exploration and drilling activities for oil around the globe, oil price recovery, and increase in redevelopment of mature oil wells fuel the global wellhead equipment market.
  • This, in turn, is expected to boost the global wellhead equipment market.
  • Get detailed COVID-19 impact analysis on the Wellhead Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/6338?reqf...
    Based on geography, North America garnered the major share in 2018, generating around two-fifths of the global wellhead equipment market.

Completion of Tyra Redevelopment milestone

Retrieved on: 
Friday, August 7, 2020
Maersk Oil, Tyra Field, Pioneering Spirit, Allseas, Oil platforms, Tyra, Topsides, Ships, Natural gas, Petroleum geology

In early August, Allseas' vessel Pioneering Spirit removed the 14,000-tonne and 7,780-tonne topsides at Tyra East and Tyra West as the final part of the redevelopment project's decommissioning campaign.

Key Points: 
  • In early August, Allseas' vessel Pioneering Spirit removed the 14,000-tonne and 7,780-tonne topsides at Tyra East and Tyra West as the final part of the redevelopment project's decommissioning campaign.
  • The offshore decommissioning campaign is an important milestone for Noreco and the Tyra Redevelopment project.
  • The second phase of the decommissioning campaign consisted of two main lifts of the two integrated accommodation and processing platforms at Tyra East and Tyra West.
  • "Today marks an important milestone for Noreco and our partners in the DUC with the successful completion of the offshore decommissioning campaign.

Vantage Drilling International Announces Contract for the Topaz Driller

Retrieved on: 
Tuesday, June 30, 2020
Companies, Petroleum production, Offshore engineering, Petroleum industry, Oil platforms, Offshore drilling, Jackup rig, Construction, Drillship, Eni, Driller

HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today that it has entered into a contract with Eni Montenegro BV (Eni) for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days.

Key Points: 
  • HOUSTON, June 30, 2020 (GLOBE NEWSWIRE) -- Vantage Drilling International (Vantage or the Company), announced today that it has entered into a contract with Eni Montenegro BV (Eni) for its premium jackup rig, the Topaz Driller, to perform drilling services offshore of Montenegro for 180 days.
  • Ihab Toma, the Companys Chief Executive Officer, commented, We are very pleased to announce this contract with our client Eni for the Topaz Driller in Montenegro.
  • Securing this contract during these challenging times demonstrates that Vantage, with its high-specification rigs and experienced crews, is a leader in safety and operational performance.
  • Vantage Drilling International, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships, and five premium jackup drilling rigs.

The Global Wellhead Equipment Market is expected to grow by $ 0.61 bn during 2020-2024 progressing at a CAGR of 2% during the forecast period

Retrieved on: 
Monday, June 8, 2020
Business, Oil platforms, Petroleum production, Oil wells, Wellhead, Articles, Petroleum industry, Market analysis, Marketplace

The analyst has been monitoring the wellhead equipment market and it is poised to grow by $ 0.61 bn during 2020-2024 progressing at a CAGR of 2% during the forecast period.

Key Points: 
  • The analyst has been monitoring the wellhead equipment market and it is poised to grow by $ 0.61 bn during 2020-2024 progressing at a CAGR of 2% during the forecast period.
  • Our reports on wellhead equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The wellhead equipment market analysis includes application segment and geographic landscapes
    The wellhead equipment market is segmented as below:
    This study identifies the rising focus on unconventional exploration and production activities as one of the prime reasons driving the wellhead equipment market growth during the next few years.
  • Our wellhead equipment market covers the following areas:
    ReportLinker is an award-winning market research solution.

Weatherford Introduces Velox™ Wellhead System

Retrieved on: 
Wednesday, June 3, 2020
Petroleum production, Oil wells, Petroleum industry, Oil platforms, Wellhead, Weatherford International, Velox, Fuels

HOUSTON, June 3, 2020 /PRNewswire/ --Weatherford International plc (OTC Pink: WFTLF) today announced the Velox wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency.

Key Points: 
  • HOUSTON, June 3, 2020 /PRNewswire/ --Weatherford International plc (OTC Pink: WFTLF) today announced the Velox wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency.
  • Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8413156-weatherford-velox-wellhe...
    The Velox system expedites installation by enabling the packoff to be run in a single trip from the rig floor, which removes personnel from the cellar.
  • The system also reduces potential leak paths by eliminating conventional flange-to-flange methods and external lockdown screws.
  • "The Velox wellhead system enables operators to lock in pressure fast," said Dean Bell, President, Drilling, Evaluation & Intervention, Weatherford.

Weatherford Introduces Velox™ Wellhead System

Retrieved on: 
Wednesday, June 3, 2020
Oil wells, Petroleum production, Petroleum industry, Oil platforms, Wellhead, Weatherford International, Velox, Fuels

Quick-Connect Components Lock in Pressure Integrity to Reduce Potential Leak Paths, Enhance Safety

Key Points: 
  • Quick-Connect Components Lock in Pressure Integrity to Reduce Potential Leak Paths, Enhance Safety
    HOUSTON, June 3, 2020 /PRNewswire/ --Weatherford International plc (OTC Pink: WFTLF) today announced the Velox wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency.
  • Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8413156-weatherford-velox-wellhe...
    The Velox system expedites installation by enabling the packoff to be run in a single trip from the rig floor, which removes personnel from the cellar.
  • The system also reduces potential leak paths by eliminating conventional flange-to-flange methods and external lockdown screws.
  • "The Velox wellhead system enables operators to lock in pressure fast," said Dean Bell, President, Drilling, Evaluation & Intervention, Weatherford.