Oilfield Services Market - Top Companies and Manufacturers

Companies Dominating the Oilfield Services Market

Schlumberger Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Baker Hughes Company
Halliburton Energy Services, Inc.
NOV Inc.
Archer Limited
TechnipFMC plc
Nabors Industries Ltd
Aker BP
General Electric
Welltec A/S

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Oilfield Services Market Size & Share, Growth Analysis 2036

In the News

In order to demonstrate its commitment to the Kingdom of Saudi Arabia, Baker Hughes Company, a GE business, announced plans to erect a cutting-edge oilfield services (OFS) facility in King Salman Energy Park (SPARK). Drilling services, wireline services, and pressure pumping are three OFS product lines that the new facility was estimated to be supported, assuring high-quality service delivery and preparing BHGE for future expansion in the area.
In order to start work on the Engineering, Procurement, and Construction (EPC) agreement with Assiut National Oil Processing Company (ANOPC) for the building of the new Hydrocracking Complex for the Assiut refineries in Egypt, TechnipFMC plc has successfully fulfilled the last conditions needed.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of oilfield services is estimated at USD 142.37 Billion.

The oilfield services market size was valued at USD 134.62 Billion in 2023 and is projected to cross USD 301.54 Billion by the end of 2036, expanding at more than 6.4% CAGR during the forecast period i.e., between 2024-2036. The major factors driving the growth of the market are growing adoption of vehicles, rising demand for energy to heat homes, surge in number of aircraft, and others.

North America industry is anticipated to have the highest growth by 2036, due to rising government initiatives in oil and gas sector in the region.

Schlumberger Limited, Baker Hughes Company, Halliburton Energy Services, Inc., NOV Inc., Archer Limited, TechnipFMC plc, Nabors Industries Ltd, Aker BP, General Electric, Welltec A/S

Oilfield Services Market - Top Companies and Manufacturers

Companies Dominating the Oilfield Services Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the oilfield services market?

Why is the oilfield services sector gaining traction in near future?

Which region accounted for the largest oilfield services industry share?

Who are the major oilfield services players?