DUBLIN, Feb. 25, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/fqvwhg/global_oil_and) has announced the addition of the "Global Oil and Gas Cementing Services Market 2015-2019" report to their offering.
The Global Oil and Gas Cementing Services market to grow at a CAGR of 9.44 percent over the period 2014-2019
Well cementing is the process of giving a structural support to a well bore by introducing cement in the annulus between the casing and the wellbore, or annulus between two successive casings.
Oil and gas cementing services are specific services relating to primary cement work and also include the maintenance and support activity of cement work throughout the service life of a well depending on the terms of the cementing contract.
The need for energy security of various countries is one of the major trends upcoming in the market. Cementing services are necessary for the completion and production of oil and gas wells, which are the major sources of energy. Advanced and efficient cementing services can aid oil and gas production significantly and hence assists in reducing the supply-demand imbalances.
According to the report, increased demand for oil and gas worldwide is one key factor driving this market. The demand will lead to an increase in exploration, drilling, and completion activities, thus contributing to the growth of the market.
Further, the report states that one of the issues confronting the market is the emergence of non-conventional and renewable sources of energy. With the advent of the peak oil theory, the oil crisis, and the finite nature of oil and gas supplies along with the increase in environmental and human health concerns, renewable and sustainable sources of energy have gained importance.
Other Prominent Vendors
- Allied Oil and Gas Services
- Benon Oil Services
- Cementing Technology & Equipment
- Trican Well Services
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Type
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/fqvwhg/global_oil_and
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SOURCE Research and Markets