Global Water Management Services Market for the Oil and Gas Industry 2015-2019
About Water Management Services for Oil and Gas Industry
Water is an integral part of oil and gas production both as an ingredient and as the largest by-product. Waste water includes water from reservoir, water injected into the well, drilling of exploration wells, oil and gas processing, and refining. Proper management of water is critical to ensure better production, environmental protection, improve operational excellence and huge amount of savings in potential earnings.
TechNavio's analysts forecast the Global Water Management Services market for Oil and Gas Industry to grow at a CAGR of 8 percent over the period 2014-2019.
Covered in this Report
The Global Water Management Services market for Oil and Gas Industry can be segmented into three divisions: Water Disposal Services, Water Hauling Services, and Produced Water Treatment Services. These are set of methodologies used for water management in the Oil and Gas industry.
TechNavio's report, Global Water Management Services Market for Oil and Gas Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Water Management Services market for Oil and Gas Industry landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Water Management Services Market for Oil and Gas Industry 2015-2019
TechNavio recognizes the following companies as the key players in the Global Water Management Services Market for Oil and Gas Industry: GreenHunter Resources Inc., Nuverra Environmental Solutions, Ovivo, Schlumberger and Veolia.
Other Prominent Vendors in the market are: Aquatech, Layne, Ridgeline Energy Services and Severn Trent Services.
Commenting on the report, an analyst from TechNavio’s team said: “Reuse of oilfield wastewater is one of the major trends upcoming in the market. Oil companies have started to developing new methods to reduce freshwater consumption, increase cost cutting, and sustainability. Some operators in water-stressed areas have started to use brackish water to offset the use of freshwater for hydraulic fracturing.”
According to the report, water cuts worldwide are one of the major drivers of the market. The need for water required to enhance oil recovery has increased, which has led to a corresponding increase in the barrels of water used per barrel of oil produced.
Further, the report states that increased oil and gas production has led to an increase in water contamination, which remains a serious threat to the marine ecosystem. Industries worldwide are increasingly looking toward non-conventional and renewable sources of energy, which would lead to a reduction in oil and exploration.
GreenHunter Resources , Nuverra Environmental Solutions , Ovivo, Schlumberger, Veolia , Aquatech, Layne, Ridgeline Energy Services , Severn Trent Services