Global Oil and Gas Cementing Services Market 2015-2019
About Oil and Gas Cementing Services
Well cementing is the process of giving a structural support to a well bore by introducing cement in the annulus between the casing and the wellbore, or annulus between two successive casings.Oil and gas cementing services are specific services relating to primary cement work and also include the maintenance and support activity of cement work throughout the service life of a well depending on the terms of the cementing contract.
TechNavio's analysts forecast the Global Oil and Gas Cementing Services market to grow at a CAGR of 9.44 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Global Oil and Gas Cementing Services market for the period 2015-2019. The report includes the segmentation of the market on the basis of type, application, and geography.
TechNavio's report, the Global Oil and Gas Cementing Services Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Oil and Gas Cementing Services market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Key Vendors
TechNavio Announces the Publication of its Research Report – Global Oil and Gas Cementing Services Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Oil and Gas Cementing Services Market: Calfrac Well Services, Halliburton Co., Schlumberger Ltd. and Weatherford International plc
Other Prominent Vendors in the market are: Allied Oil and Gas Services, Benon Oil Services, Celfrac Well Services, Cementing Technology & Equipment, Nabors, SledgeHammer Oil Tools and Trican Well Services.
Commenting on the report, an analyst from TechNavio’s team said: “The need for energy security of various countries is one of the major trends upcoming in the market. Cementing services are necessary for the completion and production of oil and gas wells, which are the major sources of energy. Advanced and efficient cementing services can aid oil and gas production significantly and hence assists in reducing the supply-demand imbalances.”
According to the report, increased demand for oil and gas worldwide is one key factor driving this market. The demand will lead to an increase in exploration, drilling, and completion activities, thus contributing to the growth of the market.
Further, the report states that one of the issues confronting the market is the emergence of non-conventional and renewable sources of energy. With the advent of the peak oil theory, the oil crisis, and the finite nature of oil and gas supplies along with the increase in environmental and human health concerns, renewable and sustainable sources of energy have gained importance.
Halliburton, Schlumberger, Weatherford, Allied Oil and Gas Services , Benon Oil Services , Cementing Technology & Equipment, Nabors , Trican Well Services