The oil & gas industry has been facing a downswing post-April 2014 following persistent oil price decline. However, there has been some stabilization in the prices in recent times due to reducing supply-demand gap and other macro-economic factor. These factors have instigated a positive outlook for the oil & gas industry, posing a favorable market for upstream services. Wireline ... Read more
The wireline services market is expected to grow from an estimated USD 8.26 Billion in 2016 to USD 9.15 Billion by 2021, at a CAGR of 2.1%. The global market is set to witness growth, due to the aging reservoirs, increasing oil production, and lifting of Iranian oil export sanctions. Also, oil export sanctions on Iran were lifted in January 2016, allowing the country to export oil. This has ... Read more
