Oilfield services industry value

The Oilfield Services/Equipment Industry is made up of a mature set of companies, the fortunes of which are dependent on the drilling expenditures of oil and natural gas producers. Since demand for such fuels fluctuates with the economy, oilfield services stocks are considered cyclical. A thorough understanding of the oil and gas industry and the role of oilfield service (“OFS”) companies is important in establishing a credible value for a business operating in the space. Our blog strives to strike a balance between current happenings in the oil and gas industry and the valuation impacts these events have on companies operating in the industry. Industry Insights. The global oilfield services market size was valued at USD 103.26 billion in 2016. The increasing development of new oilfields and the rising demand for energy are expected to be key factors driving the market over the forecast period. Making matters worse, the oilfield service industry is highly capital intensive. The RMA average capital intensity ratios for companies that drill oil and gas wells (NAICS 213111) and companies that support activities for oil and gas operations (NAICS 213112) are $1.67 and $0.91, respectively.

The oilfield service (OFS) segment is the backbone of the upstream O&G industry, helping producers overcome technological challenges associated with offshore development and commercialize the newly found shale resource through new technologies such as hydraulic fracturing. The segment, despite its critical role, seems to be struggling to recover from the downturn, and is witnessing the highest disconnect with the ongoing supply boom.

World Oilfield Services Market - Opportunities and Forecasts, 2020-2027 of new technological developments, untapped segments, and value chain analysis. In the oil and gas value chain, the oilfield services sector is an essential partner for exploration and production companies. They provide drilling, completion, The oilfield services market is expected to grow at a CAGR of over 3% during the forecast 4.2 Market Size and Demand Forecast in USD billion, till 2025.

Oilfield services (“OFS”) are the companies that assist energy companies with solutions throughout the value chain (from upstream production to transportation

1 Nov 2019 Worth an estimated $63 billion as of 2017, the U.S. oilfield services industry has experienced some major fluctuations over the last decade. 3 Dec 2019 The oilfield services industry has witnessed a massive downturn over the last few quarters. With WTI Crude price still struggling to cross the $50 The global oilfield services market study presents historical market data in terms of values (2017 and 2018), estimated current data (2019), and forecasts for

In the oil and gas value chain, the oilfield services sector is an essential partner for exploration and production companies. They provide drilling, completion, production, supply, and logistical support services—both onshore and offshore.

Energy Transfer is one of America's largest and most diversified midstream energy companies. See how we're working to safely transport the oil and gas The two companies are likely to face the most cash flow pressure and liquidity will suffer from sustained coal-price falls. Listen to Webinar: Indonesian Coal Miners. 26 Aug 2019 Major companies include Baker Hughes, China Oilfield Services, and field services industry generates about $250 billion in revenue and is 21 Oct 2019 1of4Houston-based Halliburton, the second largest oilfield service company in the world, closed 2019 with a $1.7 billion loss. Most of that 25 Jul 2019 Weatherford's struggles highlight the larger service industry the triumvirate that controlled the oilfield services market. At the time of its filing, its $7.6 billion debt was 20 times bigger than its meagre market value of $367 Knowledge and insights to improve Oil & Gas assets value and stay ahead of the Stay competitive with proprietary data; Monitor key players in the energy market Leading and largest SaaS platform in energy; Outstanding customer service

HOUSTON (Bloomberg) --For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world.

Today, some oilfield services companies spend more on R&D than oil companies as a share of total revenues. The service companies have incentives to do so: they can effectively sell their technology to multiple customers. In the oil and gas value chain, the oilfield services sector is an essential partner for exploration and production companies. They provide drilling, completion, production, supply, and logistical support services—both onshore and offshore. Aug 13, 2019 (The Expresswire) -- Oilfield Service Industry 2019 Global Market Research report 2019 covers a detailed study of the Oilfield Service Market size, growth, and share, trends PUNE, India, May 7, 2019 /PRNewswire/ -- The global Oilfield Service Market accounted for a value of US$ 250 Bn in the year 2018 and is estimated to reach US$ 330 Bn by 2026. The global market for