North America, the market leader for artificial lift system in 2015, is expected to get surpassed by LAMEA by 2022, as oil reserves in Saudi Arabia have reached the maturity stage and companies are implementing enhanced oil recovery techniques to extract oil to commence deep drilling in order increase productivity
In the recent report on oilfield equipment, the leading market research company Research and Markets declared that the global rental market of oilfield equipment is projected to grow at a CAGR of 3.87 per cent from 2017 to 2022, with reaching a market size worth US$20.55bn by 2022
The Middle East remained the world’s largest oil-producing region in 2016, according to BP’s newly released BP Statistical Review of World Energy 2017
The chief executive officer of Irans Petroleum Engineering and Development Company (PEDEC) said that Total, Inpex and Petronas have submitted findings and development proposals for the South Azadegan field in Iran
Sercel has commercially deployed its multi-sensor based solid streamer, the Sentinel MS, for the first time in the south Porcupine basin in Ireland, aiming to address the need of oil and gas industry for more detailed and accurate image of the subsurface
