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Drilling Services Market to Touch USD 17.44 Billion by 2027; Increasing Hydrocarbon Exploration & Production Activities to Boost the Market: Fortune Business Insights™
Key Players profiled in Drilling Services Market Are Sumitomo Precision Products Co (Japan), Siemens (Germany), DV8 Technology Ltd. (UK), REFLEX NOW (Australia), Motive Drilling Technologies (U.S.), Kearfott Corporation (U.S.), ION Geophysical (U.S.), Zupt, LLC (U.S.), KLX Energy Services (U.S.), Welltec (Denmark), International Drilling Services LLC (Oman), Boart Longyear (U.S.), The Weir Group PLC (UK), AlMansoori Specialized Engineering (United Arab Emirates).Pune, India, Feb. 17, 2021 (GLOBE NEWSWIRE) — The global drilling services market size is projected to reach USD 17.44 billion by 2027, exhibiting a CAGR of 8.6% during the forecast period. Escalating energy demand across the world will be the principal force behind the progress of this market, shares Fortune Business Insights™ in its report, titled “Drilling Services Market Size, Share & COVID-19 Impact Analysis, By Service (Directional Drilling Measurement While Drilling, Logging While Drilling, Rotary Steerable System, Gyro Drilling, Magnetic Drilling, and Others and Non-Directional Drilling), By Application (Onshore and Offshore Shallow Water, Deepwater, and Ultra-Deepwater), By End-User (Oil & Gas, Mining, Water Exploration, and Others), and Regional Forecast, 2020-2027”. According to the International Energy Outlook 2019 of the US Energy Information Administration (EIA), global energy consumption is set to increase by nearly 50% between 2018 and 2050. The astronomical rise in energy demand, as per the EIA, will be driven by the rapidly developing nations of Asia over the next three decades. Furthermore, the International Energy Agency (IEA) predicts that oil production will keep rising till 2030 and nearly 35% of the energy demand will be met by gas. Drilling services are, therefore, likely to experience soaring demand as governments and private players compete against each other to meet the skyrocketing demand for hydrocarbon-based energy in the forthcoming years. Request Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/drilling-services-market-104784 In 2019, as per the report’s findings, the global market value stood at USD 12.88 billion. The main features of the report include: Unmatched intelligence on the various Drilling Services Market drivers, trends, and restraints;Actionable insights into the performance of all market segments;Granular analysis of the leading players’ profiles and dominant strategies; andExhaustive assessment of the impact of the regional developments on Drilling Services Market growth. Restraining Factor Sharp Decline in Oil Demand amid COVID-19 to Stall Market Growth The drilling services market growth is confronting unprecedented challenges thrown in its way by the outbreak of the COVID-19 pandemic. According to the IEA, world energy demand dropped by 5% in 2020, with oil demand contracting by 8% and coal demand by 7%. The major reasons for this historic decline in fossil fuel energy sources include the speedy adoption of remote working facilities when the pandemic broke out, nationwide lockdowns, and a sudden dip in electricity demand as commercial spaces were temporarily closed down. The cumulative effects of these developments can be seen on oil prices, which were already volatile due to the Saudi-Russia oil supply war. In April 2020, for instance, crude oil prices went into negative territory on account of the precipitous fall in oil demand. In December 2020, as the new coronavirus strain gripped the world, oil prices dropped by 3%. Weak investments and delays in exploration projects amid the COVID-19 pandemic will, thus, limit the adoption of drilling services in the oil and gas industry. Click here to get the short-term and long-term impact of COVID-19 on this Drilling Services Market. Please visit: https://www.fortunebusinessinsights.com/drilling-services-market-104784 Regional Insights Increasing Oil Production in the US to Aid the North America Market Growth North America is expected to dominate the drilling services market share during the forecast period owing to the rising production level of oil & gas in the US and Canada. Moreover, drilling technologies are being extensively employed in the US to discover shale gas reserves, which will put the US at the forefront of the hydrocarbon industry. In 2019, the North America market size stood at USD 4.93 billion. In Asia Pacific, the Drilling Services Market is anticipated to experience prolific growth on account of the abundant availability of mineral and metal reserves spread across the region, which will stoke the demand for drilling services. On the other hand, the market in the Middle East & Africa is likely to undergo speedy expansion due to the rich presence of oil reserves in this region. Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/customization/drilling-services-market-104784 Competitive Landscape Key Players to Concentrate on Obtaining Profitable Drilling Contracts The advanced drilling services and solutions offered by some of the prominent players in this market are enabling these companies to secure highly profitable contracts from diverse entities. These contracts are allowing the players to expand their business and operational horizons and augment their presence in regional markets. Industry Developments: November 2020: Seadrill Ltd bagged one firm and one optional well contract from Walter Oil & Gas for the Sevan Louisiana semi-submersible rig in the Gulf of Mexico. The deal adds USD 17 million in backlog revenues for Seadrill.November 2020: Schlumberger released MagniSphere, its innovative, high-definition NMR logging-while-drilling (LWD) service. The inventive offering is designed to deliver precise, real-time analysis for accurate well placement, leading to increased production and recovery in complex sites. List of Key Companies Covered in this Drilling Services Market Report: Sumitomo Precision Products Co (Japan)Siemens (Germany)DV8 Technology Ltd. (UK)REFLEX NOW (Australia)Motive Drilling Technologies (U.S.)Kearfott Corporation (U.S.)ION Geophysical (U.S.)Zupt, LLC (U.S.)KLX Energy Services (U.S.)Welltec (Denmark)International Drilling Services LLC (Oman)Boart Longyear (U.S.)The Weir Group PLC (UK)AlMansoori Specialized Engineering (United Arab Emirates)Leam Drilling Systems LLC (U.S.)Petrofac (UK)Superior Energy Services (U.S.)VES Survey International (U.S.)Unitech Drilling Company Limited (Nigeria)Compass Directional Guidance, Inc. (U.S.)Oceaneering (U.S.)TechnipFMC (UK)Halliburton (U.S.)Inertial Sensing One AB (Sweden)Axis Mining Technology (Australia)Devico AS (Norway)Stockholm Precision Tools AB (SPT) (Sweden)Gyrodata (U.S.)Emerson (U.S.)Schneider Electric (France)Erdos Miller (U.S.)Oliden Technology (U.S.)Gyro Australia (Australia)Phoenix Technology Services (Canada)Center Drill Inc. (U.S.)Gyro Drilling (Netherlands)JAE (Japan)Radial Drilling Services, Inc. (U.S.)Integra (Russia)JINDAL DRILLING & INDUSTRIES LTD. (India)NewTech Services (Russia)NOV (U.S.)Huracan Pty Ltd. (Australia)Baker Hughes (U.S.)Archer – the well company (Norway)DIDRILLSA LTDA (Colombia)Drill Tech Solution (Azerbaijan)China Oilfield Services Limited (China)AnTech (UK)Weatherford (Switzerland)Nabors Industries (U.S.)Scientific Drilling (U.S.)Brownline (Netherlands)Icefield Tools Corporation (Canada)Schlumberger (U.S.) Quick Buy – Drilling Services Market: https://www.fortunebusinessinsights.com/checkout-page/104784 Table Of Content For Drilling Services Market: Introduction Research ScopeMarket SegmentationResearch MethodologyDefinitions and Assumptions Executive SummaryMarket Dynamics Market DriversMarket RestraintsMarket Opportunities Key Insights Key Emerging Trends – For Major CountriesLatest Technological AdvancementKey Industry DevelopmentsRegulatory LandscapePorters Five Forces Analysis Qualitative Analysis – Impact of COVID-19 Impact of COVID-19 on the Drilling Services MarketSteps Taken by the Government to Overcome the ImpactKey Developments by Industry Players in Response to COVID-19Potential Opportunities and Challenges due to COVID-19 Outbreak Global Drilling Services Market Analysis (USD Billion), Insights and Forecast, 2016–2027 Key Findings / SummaryMarket Analysis, Insights and Forecast – By Service Directional Drilling Measurement While DrillingLogging While DrillingRotary Steerable SystemGyro DrillingMagnetic DrillingOthers Non-Directional Drilling Drilling Services Market Analysis, Insights and Forecast – By Application OnshoreOffshore Shallow WaterDeepwaterUltra-Deepwater Market Analysis, Insights and Forecast – By End-User Oil & GasMiningWater ExplorationOthers Market Analysis, Insights and Forecast – By Region North AmericaEuropeAsia PacificLatin AmericaMiddle East and Africa TOC Continued…! Speak To Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/drilling-services-market-104784 Have a Look at Related Research Insights: Wind Tower Market Size, Share and COVID-19 Impact Analysis By Type (Steel Tower, Concrete Tower, and Hybrid Tower), By Installation (Onshore, and Offshore), and Regional Forecast, 2020-2027 Liquid Biofuels Market Size, Share & COVID-19 Impact Analysis, By Product Type (Ethanol and Biodiesel), By Feedstock (Sugar Crops, Starch Crops, Vegetable Oils, Animal Fats, and Others), By Process (Fermentation, Transesterification, and Others), By Application (Transportation, Power Generation, and Heat), and Regional Forecast, 2020-2027 Gasification Market Size, Share & COVID-19 Impact Analysis, By Feedstock (Coal, Petroleum, Natural Gas, and Biomass/Waste), By Application (Chemical, Liquid Fuel, Power, and Gaseous Fuel), and Regional Forecast, 2020-2027 Virtual Power Plant Market Size, Share & COVID-19 Impact Analysis, By Technology (Demand Response, Distributed Generation, and Mixed Asset), By End-User (Industrial, Commercial, and Residential), and Regional Forecast, 2020-2027 Alkaline Battery Market Size, Share and COVID-19 Impact Analysis, By Product (Primary and Secondary), By Size (AA, AAA, 9 Volt, and Others), By Application (Remote Control, Consumer Electronics, Toys & Radios, and Others), and Regional Forecast, 2020-2027 About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges. Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune – 411045, Maharashtra, India. Phone: US: +1-424-253-0390 UK: +44-2071-939123 APAC: +91-744-740-1245 Email: sales@fortunebusinessinsights.com Fortune Business Insights™ LinkedIn | Twitter | Blogs Read Press Release https://www.fortunebusinessinsights.com/press-release/global-drilling-services-market-10521
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Alberta Health Services (AHS) has confirmed a case of measles in Edmonton, and is advising the public that the individual was out in public while infectious.
Measles is an extremely contagious disease that is spread easily through the air, and can only be prevented through immunization.
AHS says individuals who were in the following locations during the specified dates and times, may have been exposed to measles.
- April 16
- Edmonton International Airport, international arrivals and baggage claim area — between 3:20 p.m. and 6 p.m.
- April 20
- Stollery Children’s Hospital Emergency Department — between 5 a.m. to 3 p.m.
- April 22
- 66th Medical Clinic (13635 66 St NW Edmonton) — between 12:15 p.m. to 3:30 p.m.
- Pharmacy 66 (13637 66 St NW Edmonton) — between 12:15 p.m. to 3:30 p.m.
- April 23
- Stollery Children’s Hospital Emergency Department — between 4:40 a.m. to 9:33 a.m.
AHS says anyone who attended those locations during those times is at risk of developing measles if they’ve not had two documented doses of measles-containing vaccine.
Those who have not had two doses, who are pregnant, under one year of age, or have a weakened immune system are at greatest risk of getting measles and should contact Health Link at 1-877-720-0707.
Symptoms
Symptoms of measles include a fever of 38.3° C or higher, cough, runny nose, and/or red eyes, a red blotchy rash that appears three to seven days after fever starts, beginning behind the ears and on the face and spreading down the body and then to the arms and legs.
If you have any of these symptoms stay home and call Health Link.
In Alberta, measles vaccine is offered, free of charge, through Alberta’s publicly funded immunization program. Children in Alberta typically receive their first dose of measles vaccine at 12 months of age, and their second dose at 18 months of age.
Health
U.S. tightens rules for dairy cows a day after bird flu virus fragments found in pasteurized milk samples – Toronto Star
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Infected cows were already prohibited from being transported out of state, but that was based on the physical characteristics of the milk, which looks curdled when a cow is infected, or a cow has decreased lactation or low appetite, both symptoms of infection.
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