Oilfield Market grasping ahead.

Global Digital Oilfield Market aims at the overall market size, which is manipulated into $ 18 billion by 2023. Furthermore, it represents the analysis of primaries managed during the research studies.

digital oilfield Market

Moreover, rising need to reduce downtime and non-productive time by real-time monitoring of operations is further expected to fuel demand for digital oilfield across the globe in the coming years. Additionally, the anticipated rise in crude oil prices and innovations in digital oilfield technologies is likely to steer market growth during the forecast period.

Few of the major players operating in the global digital oilfield market include Schlumberger Limited, The Halliburton Company, Baker Hughes, Weatherford International Plc, Sinopec Oilfield Service Corporation, Rockwell Automation, Inc., Honeywell International Inc., Accenture PLC, Siemens AG, and International Business Machines (IBM) Corporation.

Why You Should Buy This Report?

• To gain an in-depth understanding of digital oilfield in the global market
• To identify the on-going trends and anticipated growth in the next five years
• To help industry consultants, digital oilfield distributor, distributors, and other stakeholders align their market-centric strategies
• To obtain research-based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading market players

Report Methodology

The information contained in this report is based on both primary and secondary research. Primary research included interaction with digital oilfield distributor, distributors, and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.

Category: Energy and Power Market Research

Contact Details:

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+91 9987295242 | contact@aarkstore.com | aarkstore.com


Oil and Gas, a threat to the common man?

Oil and GasThe Global atmosphere is charging up with increasing prices of crude oil. This is in respect to various global indicators which make crude oil costs more. Previous accumulation data of Oil and Gas Market sectors were hopeful about crude prices is not going over $70 on a global scale. This didn’t happen though, with prices soaring constantly, there is no limit for the endpoint.

The Recent phase

Consequently, Iran is the country whose sanctions are hitting on a global spree. Coming two months are crucial for the country to decide if it is proposing export solutions. Currently, the export of crude oil barrels is 2 million a day. This accounts for 28 percent less than the previous outgrowth of exports. Energy and Power Market suggests the current trend is less likely to change.

The reason being Iran has made a decision not to increase the production beyond a single quota. It is now clear that OPEC countries are not into much coordination with Iran, after the proposed comment.

Moreover, market research reports suggest this is a future chaotic response with the consequent OPEC and even the US, who are maintaining a tough attitude in regard to Iran’s move.

Oil and Gas1

Future predictions

Ordinarily, the current trend in Oil and Gas Markets are indicating that petrol prices won’t remain this flexible. Coming year might witness a decrease in Petrol price, but diesel will not be going down. This is because diesel consumers are just passing through. The rise is just a start for mediocre diesel prices. Consequently, this might just pass on to a hike in rates of taxi fares.

On the other hand for a petrol customer, the absorbent of a rise in prices in mandatory. This particular area is building up discontent and rage among two-wheeler segments, in the middle class. Since they are not being able to use a choice of diesel and petrol. Currently, no contingency plan is on the books for the grunt felt by these people. Blaming the international market is just over the process and is the current strategy of the government. Oil and Gas Market is advancing with different agendas regarding the rise of crude oil.

Companies Involved

Market research reports are publishing theories of ownership of HPCL by ONGC. This has further led to questioning if the company is government-owned or private. Consequently, there is no such change in the faculty and managing structure of HPCL. Previously, ONGC did shuck up the entire GSPC. With the current news trending, it seems they are heavy-duty listing on OVL.Oil and Gas2