Preview

Drilling Fluids Market Witnessing Growth due to Increasing Oil and Gas Consumption

Satisfactory Essays
Open Document
Open Document
829 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Drilling Fluids Market Witnessing Growth due to Increasing Oil and Gas Consumption
Analysts forecast the Global Drilling Fluids market will grow at a CAGR of 8 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing exploration of unconventional gas. The Global Drilling Fluids market has also been witnessing increasing oil and gas consumption. However, the capital-intensive nature of drilling projects could pose a challenge to the growth of this market.
Global Drilling Fluids Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, the EMEA region, and the APAC region; it also covers the Global Drilling Fluids market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space are Baker Hughes Inc., Halliburton Co., Newpark Resources Inc., and Schlumberger Ltd.
The other vendors mentioned in the report are Anchor Drilling Fluids USA Inc., Canadian Energy Services, Chevron Phillips Chemical Company LLC, Cp Kelco Inc., Geo Drilling Fluids Inc., Global Drilling Fluids & Chemicals Ltd., HiTech Fluid Systems, Imdex Ltd., Lamberti Group, Scomi Group Bhd, Secure Energy Services Inc., Sun Drilling, Tetra Technologies Inc., and Weatherford International Ltd.

Inquire before buying this Report @ http://www.reportsnreports.com/contacts/InquiryBeforeBuy.aspx?name=276102

Key questions answered in this report:
• What will the market size be in 2018 and at what rate will it grow?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Table of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Better Essays

    FIN 370 Week 3 Strategic Inititative Paper Final Draft

    • 1174 Words
    • 4 Pages

    FIN 370 Week 3 Strategic Inititative Paper Final Draft

    ExxonMobil is a vertically integrated oil and gas company that’s mission is to “find safe, efficient, and responsible ways to bring affordable energy to the dynamic global markets. This success will be “built on long-term planning, disciplined investment, new leading-edge technologies, unmatched risks management and operational excellence” (ExxonMobil, 2014, p. 1). In the 2013 annual report, ExxonMobil outlined a strategic initiative of new leading-edge technologies such as “collaborating with XTO, who has a strong acreage position and operational expertise, to increase its Brakken recovery, enhance drilling, completion (the process of making an oil well ready for production), and operational excellence, in tight rock formation in the United States”. This collaboration gives Exxon “numerous opportunities to test its new technologies as well as implement its proven technologies for immediate benefits, such as the XFrac” (ExxonMobil, 2014, p. 19).…

    • 1174 Words
    • 4 Pages
    Better Essays
    Read More
  • Satisfactory Essays

    Nothing
    • 316 Words
    • 1 Page

    Nothing

    2009: It is revealed that Mitchel Tomley was encouarging his company to make its operations more productive by using diesel in the drilling operation. pg. 63…

    • 316 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    Texas Oil Blowouts Research Paper
    • 424 Words
    • 2 Pages

    Texas Oil Blowouts Research Paper

    The need for oil and gas to be drilled on American soil is growing. The need for oil and well rigging and oil riggers increases daily. Despite being an extremely dangerous field to go into, oil rigging is a sought after job. As the popularity of oil rigging increases, the danger of doing so will increase as well and the concern for those working with oil welling rises.…

    • 424 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Northern Drilling case
    • 1152 Words
    • 5 Pages

    Northern Drilling case

    Through this project Northern (1) could be established as one of the Canada’s most technically competent drilling contractors, achieve its growth strategy, (2) diversify its income sources and decrease its dependency on its biggest client (Noranda), (3) strengthen its reputation which is important to win long-term complex projects in the future and (4) gain an additional minimum gross profit of over $6mln (see exhibit 3, scenario 2).…

    • 1152 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Bp Oil
    • 679 Words
    • 3 Pages

    Bp Oil

    In 1919, Halliburton was founded by Earle P. Halliburton and is known as one of the world’s largest providers of services and products in the oil and gas industry. Halliburton has many services from locating hydrocarbons, managing geological data, drilling and formation evaluations, to well construction and completion. There are two divisions that make up Halliburton. They are: Drilling and Evaluating and Completion and Production. These two divisions accounted for 18 billion dollars in revenue in 2008. Halliburton employees more than 50,000 people in approximately 70 countries and offer two major business segments. The Energy Services Group provides the technical products and services for fuel exploration and production, and (KBR) Kellogg Brown & Root, Inc. KBR is a construction company that has refineries, pipelines and chemical plants.…

    • 679 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Alaskan Tundra
    • 550 Words
    • 3 Pages

    Alaskan Tundra

    Drilling for oil involves a lot of digging, use of machines and many experiments which are done beforehand as well as while the digging takes place. This promotes employment opportunities that come with the digging…

    • 550 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Hydraulic Fracturing
    • 653 Words
    • 3 Pages

    Hydraulic Fracturing

    The current situation of sky-rocketing prices of crude oil and natural gas is booming the shale gas industry. The cheap method to extract gas by hydraulic fracturing and the large potential reserves make this method a very important source of extraction in the near future. Countries like the United States and China, the two largest consumers of mineral oil will be most benefitted from this as these are the two countries reportedly having largest reserves of shale gas, and have the…

    • 653 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Offshore Oil Drilling Research Paper
    • 587 Words
    • 3 Pages

    Offshore Oil Drilling Research Paper

    Baird S.L (2008, Novemeber). Offshore oil drilling: buying energy independence or buying time? Technology Teacher, 68(3), 13-17.…

    • 587 Words
    • 3 Pages
    Satisfactory Essays
    Read More
  • Powerful Essays

    Hydraulic Fracking
    • 1256 Words
    • 6 Pages

    Hydraulic Fracking

    In today’s economy, natural gas and oil are used for energy, to heat and cool homes and provides fuel for cooking. Fossil fuel companies developed a process for natural gas called hydraulic fracturing. Hydraulic fracturing has become the most used technique in the United States’ to produce oil and natural gas. Hydraulic fracturing is also knows as fracking is a technique to produce natural gas and oil. Wells are built which involves the injection of water, sand and chemicals at high pressure into bedrock to produce natural gas and oil. The process creates small cracks or fractures in rock formations. The initiative of hydraulic fracturing will create jobs, the ability to produce natural gas and oil, and for the United States to be less dependent…

    • 1256 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    To Dril or Not to Drill
    • 674 Words
    • 3 Pages

    To Dril or Not to Drill

    Baird, S. L. (2008). Offshore Oil Drilling: Buying Energy Independence or Buying Time?. Technology Teacher, 68(3), 13-17.…

    • 674 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Offshore Drilling in the United States
    • 1336 Words
    • 6 Pages

    Offshore Drilling in the United States

    In U.S., offshore drilling is a controversial topic due to its two-side effect, it had been banned since 1980s, but in 2010, the president Obama decided to Lifted restrictions and opened vast expanses of American coastlines to oil and natural gas drilling to reduce gas prices in U.S., whether it is necessary to allow the offshore drilling has become a troublesome problem. This paper will discuss the advantage and disadvantage of the offshore drilling.…

    • 1336 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    Global Industrial Silica Sand Market 2012 - 2016 - Industry Monitor.Co
    • 527 Words
    • 3 Pages

    Global Industrial Silica Sand Market 2012 - 2016 - Industry Monitor.Co

    What will the market size be in 2016 and at what will be the growth rate?…

    • 527 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Hydraulic Fracturing
    • 681 Words
    • 3 Pages

    Hydraulic Fracturing

    Contrary to popular belief’s Hydraulic Fracturing is not a drilling process .It is the series of steps that are used after the drilling of hole in the ground is completed to create or restore small fractures or opening in the reservoir rock formation .These small fractures or opening in the reservoir are mainly used to extract –petroleum, natural gas ( such as shale gas , tight gas , and coal seam) ,water And natural substances…

    • 681 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Global Drilling Fluids Market 2014 to 2020 - Industry Trends
    • 581 Words
    • 3 Pages

    Global Drilling Fluids Market 2014 to 2020 - Industry Trends

    The global market for drilling fluids is expected to reach USD 14.92 billion by 2020, according to a new study by Grand View Research, Inc. Increasing drilling activities mainly in South America and Asia Pacific is expected to drive the market for drilling fluids. Grand View Research also observes that depleting natural has been prompting industry players to shift their focus towards exploring and developing unconventional gas reserves which promotes the use of horizontal drilling and is expected to translate into enhanced fluid demand.…

    • 581 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Enhanced Oil Recovery Market Size and Forecast: 2014-2020 by Future Market Insights
    • 829 Words
    • 4 Pages

    Enhanced Oil Recovery Market Size and Forecast: 2014-2020 by Future Market Insights

    extraction companies are pushing the use of enhanced oil recovery in existing oil wells. Besides,…

    • 829 Words
    • 4 Pages
    Good Essays
    Read More

Related Topics