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Feb 02, 2021 (The Expresswire) —
The global offshore drilling rigs market is likely to gain impetus from advancements in drilling such as cloud-integrated scalable drilling. According to a report by Fortune Business Insights, titled “Offshore Drilling Rigs Market Size, Share and Global Trend By Type (Bottom Supported Rigs, Floaters Rigs), By Depth of Water (Shallow Water, Deepwater, Ultra-Deepwater) and By Geography Forecast till 2026,” the market is likely to expand considerably in the coming years due to advancements in related equipment and machinery in drilling purposes.
Key Industry Development:
In April 2019, Saipem has secured a deal worth $200 million for two offshore drilling contracts in Norway and Middle East. First agreement was signed with Wintershall for drilling of two wells plus two optional wells in offshore Norway. Second agreement was obtained for a four-year extension of the use of the high specs Jack up Perro Negro7 in Middle East.
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The demand for fossil fuels has increased massively in recent years. The ever-increasing human population has contributed to the huge demand for fossil fuels. The rising uptake of vehicles and automobiles has also added to the demand for fossil fuels. The soaring demand for fossil fuels has aided the growth of the global offshore drilling market. The report includes several other factors that are likely to favor the growth of the global market in the forthcoming years.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other #@# trends. The report is available for sale on the company website.
- A comprehensive overview of the Offshore Drilling Rigs Market
- Significant factors boosting, restricting, challenging and providing an opportunity to the market
- Key insights and major industry developments
- Significant players functioning in the Offshore Drilling Rigs Market
- Major strategies adopted by players such as the launch of new products for better revenue generation, company collaborations, and others
- Other market trends
List of the leading companies that are operating in the market:
- Baker Hughes
- Ensco Plc
- Diamond Offshore Drilling
- Rowan Companies
- Noble Corporation
- Weatherford International
- Stena Drilling
- China Oilfield Services Limited (COSL)
- Nabors Industries
- KCA Deutag
- Parker Drilling
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“Influx of New Entrants to Bolster Growth Opportunities”
The soaring demand for offshore drilling as a result of a demand for fossil fuels. This, in turn, has created opportunities for existing companies as well as paved the way for newer companies. Prevailing companies have been adopting newer strategies to improve sales and products. Furthermore, the demand for fossil fuels has reached an extent where even newer companies are finding it easy to flourish in the market. The growing market entrants will bode well for the future of the global offshore drilling rigs market.
The report answers the following questions:
- What are the recent offshore drilling rigs market trends and developments?
- How will the market be affected by changing consumer behavior?
- Which strategies are being adopted by key players to enhance their market footprint?
- Which region will remain in the dominant position in terms of revenue?
- How many niche segments are present in the market?
“Diamond’s ‘Offshore Block-chain Drilling’ will Enable the Market Chart Impressive Growth Trajectory”
The offshore drilling rigs market will witness growth opportunities due to the recent trend of innovations in offshore drilling equipment as well as the drilling process in its entirety. The report stresses on product innovations and identifies key innovations that are likely to have a huge impact on the global offshore drilling rigs market in the comic years. Influenced by the impact of innovations and a high demand for innovative products, many companies have identified this as an excellent strategy. In 2018, Diamond Offshore launched a new Block-chain drilling service. The system was integrated with cloud services and would provide accurate drill-levels in the form of digital readings. This, in turn, helped to minimize the errors in offshore drilling and enabled efficient offshore drilling activities within a low time gap. Block-chain drilling is also useful in reducing wastes. The report includes product advancements similar to Diamond’s Block-chain Offshore Drilling and gauges the impact of such innovations on the global market.
In addition to product advancements, Fortune Business Insights has profiled several companies that have had made significant growth contributions to the global offshore drilling rigs market.
Ask for customization for detailed information about Offshore Drilling Rigs Market Segments –https://www.fortunebusinessinsights.com/enquiry/customization/offshore-drilling-rigs-market-100280
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East and Africa (South Africa, GCC and Rest of the Middle East and Africa)
Major Table of Contents for Offshore Drilling Rigs Market:
- Executive Summary
- Market Dynamics
- Key Offshore Drilling Rigs Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- GlobalOffshore Drilling Rigs Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
Purchase Full Report for Exclusive Offshore Drilling Rigs Market Growth Forecast –https://www.fortunebusinessinsights.com/checkout-page/100280
Other Exclusive Reports:
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 to 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.
Name: Ashwin Arora
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Offshore Drilling Rigs Market Manufacturers Data, Import Export Scenario, Application, Type, Regions and Future Forecast Till 2026
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