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Oil & Gas Field Equipment Manufacturing

Publisher First Research, Inc.
Published Aug 11, 2025
SKU # FRRS20314447

Description

Brief Excerpt from Industry Overview Chapter:Companies in this industry manufacture machinery and equipment used in oil and gas exploration and production; as well as water well drilling machinery. Major companies include Baker Hughes, Nabors, National Oilwell Varco, and Schlumberger (all based in the US), along with Kerui Petroleum (China), Technip FMC (UK), and Weatherford (Ireland).COMPETITIVE LANDSCAPEDemand is driven by oil and gas prices. The profitability of individual companies depends on engineering expertise and efficient production. Large companies have economies of scale in purchasing. Small companies can compete effectively by specializing. The US industry is highly concentrated: the top 50 companies account for about 80% of revenue.PRODUCTS, OPERATIONS & TECHNOLOGYMajor products include oil and gas field production machinery and equipment, which account for about 25% of the industry revenue, drilling machinery and equipment (about 25%), rotary drilling (about 20%), and parts for production machinery and tools (about10%). Many companies also offer a line of oil and gas field services. Such services may include drilling, well completions, geological and drilling surveillance, and artificial lift services (pumps and other systems used to lift oil when a well no longer flows by itself).

Table of Contents

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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