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Growth of Oil and Gas Fishing Market to Be Impacted by the Rising Global Demand for Oil and Gas | Technavio

January 23, 2020 GMT
Growth of Oil and Gas Fishing Market to Be Impacted by the Rising Global Demand for Oil and Gas | Technavio
Growth of Oil and Gas Fishing Market to Be Impacted by the Rising Global Demand for Oil and Gas | Technavio

LONDON--(BUSINESS WIRE)--Jan 23, 2020--

The report, oil and gas fishing market 2020-2024 has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200123005495/en/

Technavio has announced its latest market research report titled global oil and gas fishing market 2020-2024. (Graphic: Business Wire)

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The report on the oil and gas fishing market includes:

Oil and Gas Fishing Market Analysis and Forecast 2020-2024: Features

Oil and Gas Fishing Market 2020-2024: Competitive landscape

Oil and Gas Fishing Market Landscape 2020-2024: Geographic landscape

Oil and Gas Fishing Market Landscape 2020-2024: ApplicationSegmentation

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Rising global demand for oil and gas will drive the oil and gas fishing market

The rising demand and consumption of energy and rapid industrialization and urbanization in developing economies including India and China are driving the demand for oil and gas natural gas and liquid fuels. According to the US EIA, global liquid fuel consumption increased from 98.57 mbpd in 2017 to 100.72 mbpd in 2019. Consequently, the drilling activities by oil and gas E&P companies to explore untapped reservoirs are also increasing. This will drive the need for fishing operations to recover tools and materials from the oil well so that well operations such as drilling can be carried out without hinderance.

Increasing adoption of rigless well intervention – An emerging trend in the oil and gas fishing market

Well intervention is an upstream oil and gas repair and maintenance service, which may be required during drilling or even after drilling of the well is completed. These activities can be performed by either employing drilling or workover rigs or without such rigs. The rigless intervention is gaining prominence in the oil and gas industry as it is cost-effective, safe, and efficient. Fishing, being a well intervention technique, also benefits from the growing adoption of rigless well intervention techniques.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

MARKET SIZING

Get Full Report: https://www.technavio.com/report/oil-and-gas-fishing-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005495/en/

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KEYWORD:

INDUSTRY KEYWORD: OIL/GAS ENERGY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 01/23/2020 12:00 PM/DISC: 01/23/2020 12:01 PM

http://www.businesswire.com/news/home/20200123005495/en