DUBLIN--(BUSINESS WIRE )--The "USA and Canada Upstream and Oilfield Services 2022" report has been added to ResearchAndMarkets.com's offering.
The report's goal is to provide a complete picture of trends that transformed the regional oil and gas industry in the last 15 years.
In the last ten years, thanks to the shale revolution, the US and Canada combined production propelled the region to the largest oil and gas producer in the World. In 2021 the region accounted for almost 25% of liquids production and for 28% of gas compared to 12% and 24% in 2007. The growth took its toll in difficult to manage debt loads and unhappy investors.
Yet, the good news is that the growth did not exhaust the region's potential which remains large and readily available for expansion. Russian invasion into Ukraine is slowly changing future of the global oil and gas balances with the US and Canada playing the key role in the transition.
The region hosts the largest OFS market in the World whether at a peak or during sectoral downturns. However, the market is difficult to navigate successfully. Sharp swings in activity and prices along with a significant change in the technology make investment in the market cumbersome and returns uncertain. High investment required during growth leaves companies with heavy debt burden when the market is in the downturn.
Unlike in other regions, the US OFS market is particularly vulnerable to volatility. It fell in 2009, it shrank sharply in 2015-2016. The US and Canada OFS market experienced yet another shock in 2020 with the market collapsing by over 50% due to falling activity levels and enormous price pressures. The report includes the analysis of these shocks. After each cycle, many players went bankrupt, and capacities found new owners who will continue supplying the market with needed equipment and expertise.
The future of the industry in the changing global conditions is bright despite a seemingly slow recovery of 2021-2022. However, it will experience the overheating period between now and 2030 despite efforts to collectively manage the growth.
The report is a tool for anyone who is strategically involved in oil and gas upstream and OFS globally. It is written by a strategic consultant who views the industry through the lens of the top executive or seasoned investor.
The report is highly visual with lots of graphs and numerical values which allows for a quick and easy understanding of the trends. It also contains enough details to dive in.
2 Changes in global hydrocarbons production in 2007-2021
2.1 Global crude oil, condensate and NGL production
2.2 Global production of natural gas
2.3 Crude oil prices, hydrocarbon production and OFS spending
3 The US oil and gas production in 2007-2021
3.1 Crude oil production in the USA overview
3.2 Natural gas withdrawals in the USA overview
3.3 Canada oil and gas overview
4 Oilfield services activity in the US and Canada
5 Forecast of Upstream and OFS development in North America
6 Oilfield services market in the US and Canada
6.1 The US and Canada Oilfield Services Market in 2007-2021
6.2 Forecast of the US and Canada Oilfield Services Market in 2022-2030
6.5 Drill bits and downhole mud motors
6.6 MWD/LWD and Rotary Steering Systems (land)
6.13 Artificial Lift Systems and Tubing
7 Physical activity and market estimates in key states and Canada
7.10 Gulf of Mexico and other offshore
8 Largest oil and gas companies in the US and Canada
8.4 Occidental Oil and Gas and Anadarko
8.4.2 Anadarko Petroleum Corporation (Occidental Petroleum)
8.1 WPX Energy (Merged with Devon)
8.5 Diamondback E&P LLC
8.6 Ovintiv (Encana) and Newfield Exploration
9 Largest OFS companies in North America
9.28 Valaris PLC and Rowan Companies
9.31 Ensign Energy Services (including Trinidad Drilling International JV)
For more information about this report visit https://www.researchandmarkets.com/r/4t9yms
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900