PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

High Equipment Prices Drive Energy Firms to Adopt Onshore Oilfield Equipment Rental Services in Australia Finds Frost & Sullivan - Offering maintenance, repair and additional engineering solutions will be key to sustaining long-term business - Energy.Frost.com
High Equipment Prices Drive Energy Firms to Adopt Onshore Oilfield Equipment Rental Services in Australia Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Sydney, Australia, 2014/07/30 - Offering maintenance, repair and additional engineering solutions will be key to sustaining long-term business - Energy.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The coal seam gas (CSG) boom and the construction of three liquefied natural gas (LNG) pipelines in the vicinity of Queensland, New South Wales and South Australia are spurring the demand for onshore oilfield equipment such as rigs and tools in Australia. Since the cost of purchasing and maintaining such equipment is extremely high, energy companies are turning to rental equipment providers that deliver end-to-end services.

New analysis from Frost & Sullivan, Oil and Gas Onshore Oilfield Equipment Rental Market Australia, finds that the market earned revenues of $48.7 million in 2013 and estimates this to reach $79.1 million in 2020.

"Queensland and Western Australia will be key markets in the long term, driven by the growing need to ramp up CSG-LNG production capacity," said Frost & Sullivan Energy and Environment, Research Analyst Izwan Rasul. "With Western Australia estimated to hold 280 trillion cubic feet of shale and natural gas in the Canning and Perth Basins, the future for oilfield equipment rental providers remains bright."

While potential is immense, strict standards to decrease the environmental and the social impact of fracking are slowing down the pace of equipment adoption. The risk of water contamination while drilling CSG reservoirs too has raised significant environment and health concerns in the country. In addition, the increased construction cost for LNG expansion may result in project delays or cancellations, affecting oilfield equipment rentals.

To sustain business in an increasingly competitive market, where drilling services companies are also expanding into the equipment rental business, rental firms must ensure reliable services. Oilfield equipment rental enterprises must further improve their logistics advantage to cater to customers that expect immediate equipment ship-out to remote areas with minimal lead time.

"Providing a one-stop solution that includes service and repair facilities will help deliver a strong proposition to prospective customers preference in sourcing from suppliers with a wide range of equipment types and services," suggested Izwan . "Offering additional engineering services, such as the structural analysis of wells as well of torque and drag analysis for downhole tools, will add to rental companie’s competitive advantage in the Australian market."

If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com.

Oil and Gas Onshore Oilfield Equipment Rental Market Australia is part of the Energy & Power (energy.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Subsea Equipment Market and Engineering, Procurement and Construction (EPC) Opportunities in the Asia-Pacific LNG Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Oil and Gas Onshore Oilfield Equipment Rental Market Australia / P7C8-14

Contact: Melissa Tan, Corporate Communications Asia Pacific
P: +65 6890 0926 / F: +65 6890 0999 - E: melissa.tan[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


High Equipment Prices Drive Energy Firms to Adopt Onshore Oilfield Equipment Rental Services in Australia Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan | The Coal Seam Gas
Publisher Contact: Donna Jeremiah / Carrie Low - Frost.com 
+61(2) 8247 8927 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Energy Most Recent Related Newswires:

GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ
GE, Borusan EnBW Enerji, Fina Enerji and Özgül Holding Sign MoU for YEKA in Turkey
GE & Caithness Announce Innovative Power Deal that Could Exceed $1B to Build Multiple HA Combined-Cycle Power Plants in US

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)