The oilfield auxiliary rental equipment market consists of those machine as well as instruments that are particularly used to support drilling at oilfields. Equipments that are not used too frequently are mainly availed on rent by different oil extraction enterprises. These equipments include sewage systems, storage tanks, junk catchers and drilling equipment among others. Research analysts at Allied Market Research eyeing the share and size and key trends in the industry hold increasing demand for various energy sources responsible for growth. In addition, the impending demand for cost optimization as well as rising deep shore production operations have also kept the industry future robust.
Oil Services Stocks Rise May Bring Good News for Oilfield Auxiliary Rental Equipment Market
The rally for many oil bulls seems nice so far. In addition Gruber is of the faith that the industry has definitely got too far with a list of major players. So the names that Gruber thinks have become overheated with a short span of time consists of Superior Energy Services, Inc., Forum Energy Technologies Inc as well as Patterson-UTI Energy, Inc.
Oil and Gas Leases in the Gulf Keeps Oilfield Auxiliary Rental Equipment Market Robust
BLM introduced by Obama seems to be sticking to its plan. This clearly indicates that the auction of 43 M acres of the federal waters located in Gulf of Mexico is inevitable. The destination is perfect for offshore oil drilling leases.
Russia’s Oil Output Cushions Oilfield Auxiliary Rental Equipment Market
The recent rise in the oil output in Russia has played a vital role in cushioning the steep price fall. True, Putin is squeezed for cash this year. Thus his government has also decided to postpone any reduction in the duties levied on oil –export this year. To add for to this, many executive in Putin’s government say that this postponement can also be extended in order to divert the money to Moscow. The executives say that the money would be spend in new drilling projects. Furthermore, the money can also be utilized for exploration in order to supplement the old oil fields.
Eyeing the developments in the sector, Allied Market Research has published a report titled “Oilfield Auxiliary Rental Equipment Market in Gulf Countries Market - Opportunities and Forecasts, 2013 – 2020.” Researchers use both qualitative and quantitative research techniques to explore some critical business imperatives such as growth, share and size and major trends. The prominent vendors covered in the report consist of Superior Energy Services Inc., Oil States International Inc., Key Energy Services Inc. and Schlumberger Limited among others.