Global Oil And Gas Supporting Activities Market Share 2024, Forecast To 2033
17 Jan, 2024
The oil & gas upstream activities market has witnessed strong growth, increasing from $4,285.01 billion in 2023 to $4,578.99 billion in 2024, reflecting a substantial 6.9% CAGR. Historical growth is linked to factors such as oil prices, technological advancements, global energy demand, and geopolitical considerations. Future projections estimate a market size of $5,738.89 billion in 2028, driven by ESG considerations, government policies, infrastructure development, and market volatility. Key trends include energy transition, digitalization, hydraulic fracturing, and a focus on carbon management and emissions reduction.
Global Oil And Gas Supporting Activities Market Key Driver
The oil and gas supporting activities market thrives on rapid growth in emerging markets, driven by rising disposable income, political stability, and increased foreign investments. China's GDP grew by 2.3% in 2020, contributing to the global oil and gas demand. Strong economic growth boosts oil and gas supporting activities, driving the market during the historic period.
Get A Free Sample Of The Global Oil And Gas Supporting Activities Market ReportGlobal Oil And Gas Supporting Activities Market Segments
The oil and gas supporting activities market covered in this report is segmented –
1) By Type: Well Maintenance, Exploration, Well Developing
2) By Drilling Type: Offshore, Onshore
3) By End-Users: Crude Petroleum Comprises, Natural Gas Extraction Comprises
By Geography: The regions covered in the oil and gas supporting activities market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the oil and gas supporting activities market in 2023. Middle East was the second largest in the oil and gas supporting activities market. The regions covered in the oil and gas supporting activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Oil And Gas Supporting Activities Industry Players
Schlumberger Ltd, TechnipFMC plc, Saipem S.p.A., Halliburton, Weatherford International plc, Petrofac Ltd, Aibel, Calfrac Well Services Ltd., Patterson-UTI Energy Inc., Trican Well Service Ltd, Baker Hughes Company, National Oilwell Varco, TechnipFMC, Subsea 7 S.A, Wood PLC, Transocean, McDermott International, Oceaneering International, Archer, John Wood Group, Seadrill, MRC Global, Tidewater, Aker Solutions, GulfMark Offshore, Helix Energy Solutions Group, Core Laboratories, ProPetro Holding Corp., Expro Group, Bristow Group, Precision Drilling, Superior Energy Services, Helmerich & Payne, RPC Inc.
Get The Full Global Oil And Gas Supporting Activities Market Report
Oil And Gas Supporting Activities Market Overview
The oil and gas supporting activities provide support activities on a contract or fee basis for oil and gas operations such as exploration, drilling, and extraction.
Oil And Gas Supporting Activities Global Market Report 2023 provides data on the global oil and gas supporting activities market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The oil and gas supporting activities market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.