Introduction to oil country tubular goods octg edx. July 8, 2019 infographic the 2019 email client market share 0 by bettina spechtover the course of the past year, weve analyzed over 10 billionyes, thats billion with a b email opens tracked with litmus email analytics to see where subscribers read emails. Dive deeper with our rich data, rate tables and tools. Market analysis outlook market overview octg seamless pipes industrial sector competition.
Octg production, capacity, and capacity utilization. Oil country tubular goods octg are hollow steel products of circular crosssection used in the oil and gas industry for exploration and production activities. In this course you will learn how the geology of ground and drilling conditions require octg oil country tubular goods with different. Louisvery quickly into the economic recovery, the oil country tubular goods market drew significant interest because of its speedy return to strong growth rates. Business opportunities for octg companies insights. Oct 26 2016 52 mins james ley, roman filimonov, kim leppold mbr presents its latest outlook for the octg industry, using its brand new interactive online database and insight from the latest 5year study. Because the amount of open hole that can be drilled at any one time is. For the oil and gas industry exploration and production activities, oil country tubular goods octg are hollow steel products, which is circular crosssection. Global octg intelligence service metal bulletin research. What is the outlook for the big three major exporters for the next 12 months.
The us octg seamless pipes price trends 202017 includes corresponding graphchart b. Seamless pipes and tubes market analysis, trends, and forecasts. Octg consumption growth in north america throughout 2017 and in the first half of 2018. Seamless pipes and tubes this report analyzes the worldwide markets for seamless pipes and tubes in thousand tons. Octg cadmus eui research repository european university. Section 2 provides some factual background about the octg industry, the gatt. The us recent past, current and future analysis for seamless pipes and tubes analyzed with annual consumption figures in thousand tons for years 2016 through 2024 includes corresponding graphchart.
How can company executives remain vigilant to the many risks and uncertainties clouding the outlook for 2020 while standing ready to embrace new opportunities for profitable growth in an evolving market landscape, which might look quite different in the next decade and thereafter, as disruptive forces accelerate. Deep water exploration expected to stimulate octg market research and markets. Most of octg is seamless pipes, but welded pipes are also accounted for considerable proportion. Research and markets has announced the addition of the global octg oil country tubular goods market. Octg and line pipe products in the united states and canada. He concludes that due to a major restructuring of the oil field tubular market, supplies will be tight and prices increased. The next time you double click a file with that file extension in outlook. Oct 26, 2016 an outlook for the global largediameter linepipe market recorded. If the application works fine safe mode, try disabling the add ins for the application and check the. The octg market is expected to show uneven growth, with the most rapid expansion likely to occur by 2016 as the global economy improves, and. Octg pricing l welded octg pricing historic and forecast out to 2016. Eventually, this will work for most pdffiles but loading photoshop takes a while and only allows me to view a single page at once. Global octg market outlook to 2018 rising level of. Turning up the heat, figure 10, page 43 2 multiasset balanced allocation is as described in outlook 2018.
Investing comes with uncertainty, and market volatility can be alarming, but we continue to encourage investors to look beyond shortterm market stresses and consider the real drivers of investment returns, as we believe that mindset may be a key to achieving longterm financial goals. Oil country tubular goods octg market outlook and growth. Prevailing conditions the north american and mena regions remain the strongest markets for octg but competition in these markets continues to weigh on prices 0 50 100 150 200 250 nov 10 mar 11 jul 11 nov 11 mar 12 jul 12 nov 12 mar jul nov row turkey latin america other asia south korea us erw octg imports 000t. Use investorplace as a resource to make better investment decisions with confidence. The products can also be segmented on the basis of pressure, loads and overall utilization time in a day. Market outlook birla sun life insurance company limited. Certain oil country tubular goods from india, korea, the philippines. High volatility is not only a recent feature of the global stock market, but also the best term for the international oil price. Jan 01, 2019 this report analyzes the worldwide markets for seamless pipes and tubes in thousand tons. Click on start all programs accessories run, and in the open box type in outlook safe and hit ok. Highly stringent material specifications for octg manufacturing make it difficult to source the desired quantity of raw materials at the right times. For additional content open to the public, check out metal market magazine. The merger of these two longstanding events will provide a global platform for market players right across the value chain to share global, regional and local trends in tube and pipe and to network with an unparalleled collection of key industry stakeholders. Global business and financial news, stock quotes, and market data and analysis.
The improvement in the octg market since the last crisis of 2014 has helped octg companies have a positive future outlook. The report also provides detailed analysis of the global octg market, seamless and welded octg market, drill pipes market and octg coating materials and services. Company profiles are primarily based on public domain information including company urls. Development is a prime concern in countries all across the world and to develop one requires energy. When i double click on a word attachment, outlook tries to open it with windows photo viewer which obviously fails. Octg markets as global economies recover surveying chinese demand and supply over the next 12 months. The report titled global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth, presents a comprehensive analysis octg market worldwide. Energy consumption in other parts of the world less affected by the. Opecs world oil outlook woo is part of the organizations commitment to market stability. Hemi opens octg inspection plant in houston american. Market adjustments cloud outlook for octg demand through 2016. Oil country tubular goods octg market outlook and growth stance. Market data and analytics are derived from primary and secondary research. Reviewing the current market landscape for octg and line pipe in the mena region understanding the drivers for octg and line pipe demand comparing seamless vs.
Outlook 2016 wont go beyond processing upon launch. August 16, 2018 press release tmk announces 2q and 1h. North america oil country tubular goods octg market. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. Octg demand improved incrementally, boosted by growth in the global rig count. Market adjustments cloud outlook for octg demand through. Dow ends 770 points higher as investors eye reopening of economy. Change default program for opening attachments msoutlook. Ten announced today that, in light of the current uncertainty around the extent and timing of the future spread of covid19, the imposition or relaxation of protective measures adopted in response to.
They can be seamless and welded pipes electric resistance welding ewr and come in various sizes and length. Trends and opportunities 20122017 analyzes the potential opportunities and significant trends in the global oil country tubular goods market. Market outlook while the positive development on the domestic front lifted sentiment, the monetary stimulus by the us federal reserve and the ecb provide further fuel to the market rally. Todays market what a difference a week makes technically speaking for the week of 46410 spy, iwm, qqq yesterday, 7. Technological improvements in octg premium casing connections and advancements in design paradigms to address the challenges present during the exploitation of unconventional hydrocarbon resources.
Mbr presents its latest outlook for the octg industry, using its brand new interactive online database and insight from the latest 5year study. Seamless pipes and tubes gii premium market research. Jan 08, 2019 oil and country tubular goods are production and exploration activities on offshore as well as onshore reserves. Oil and gas is the primary source in the overall energy outlook of the world. Oil country tubular goods octg market forecast 20192029 forecasts by submarket, grade api, premium, application onshore, offshore and type seamless, welded. On september 18, 2015, the department reopened the record to allow all interested parties to. Increased rig productivity aside, demand for oil country tubular goods has suffered largely the same fate as demand for drilling rigs and services. This was further ratified in mittal steel point lisas ltd. Global seamless pipes and tubes industry marketwatch. The report oil country tubular goods octg market in north america forecast, 20122019, analyzes the octg market by types, grades, and geography. A healthy outlook for these steel users bodes well for eu steel demand in. The analysis shows that the key factors affecting the oil pipe market include the global oil distribution, the global demand for oil pipe, and the growth trend of crude oil prices. How new seamless mills in the region could change a market that for now is still overwhelmingly focused on imports will the chinese manage to break significantly into the octg market in 2011. In the second quarter of 2018, the market strengthened.
Steel price forecast and market outlook coronavirus outbreak to weigh on global steel markets an outbreak of a new coronavirus 2019ncov in wuhan, the capital of hubei province in mainland china, and subsequent extension of factory closures beyond the lunar new year holiday have caused a downward revision to our iron ore and steel price. Pdf 951 kb agence des services frontaliers du canada. Click on properties and under open with click change. Luxembourg, march 25, 2020 globe newswire tenaris s. Tenaris postpones annual general meeting of shareholders. The key factors driving the octg market is the increasing global demand for oil and gas, growth in crude oil prices, economic growth and lack of alternative sources of energy. An overview of the seamless and welded pipes production processes.
Api composite list, product listing for arcelormittal. March 6, 2020 press release tmk announces 4q and fy 2019. What is octg and global octg market outlook what is the meaning of octg. The southamerican market will witness the highest growth rate. The demand for octg is driven by high exploration and production activities, growth in the proven shale reserves, and escalating investments from the oil and gas operators. The five year outlook for the global octg industry is highly acclaimed to be the most groundbreaking, insightful and accurate market study providing independent bycountry analysis of octg supply, demand and pricing trends.
Seamless pipes and tubes market analysis, trends, and. New york, march 9, 2015 prnewswire executive summary the report titled global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth, presents a. Since 2009, vallourec has been expanding its presence through multiple acquisitions in uae and saudi arabia. Data is a realtime snapshot data is delayed at least 15 minutes. Iii10 potential in the replacement market iii11 automobile industry opens prospects iii11 recovery in manufacturing sector to drive. A strategic market outlook for global steel octg, line pipe, mechanical and structural tube and pipe 17 18 may 2010 ceylan intercontinental, istanbul key topics to be discussed, include. Metal market magazine features trending market news, rankings, industry outlooks and exclusive interviews with industry leaders. Steady rise in oil and gas exploration and production activities in north america is anticipated to be a major growth driver. Oil country tubular goods market report categories the global. A strategic market outlook for global steel octg, line pipe, mechanical and structural tube and pipe 17 18 may 2010 ceylan intercontinental, istanbul.
As of midyear, the import market share stood at 52. Moving from a highlevel view of the industry to the octg market in particular, the past several years have seen advancements in drilling techniques and equipment that have affected dramatically the amount of pipe buried by a drilling rig. Open pdf files in adobe and instead of microsoft edge. Market outlook geelong cbd geelong cbds reputation as an affordable innercity location and improved accessibility continues to attract increasing volumes of tenants, driving a steady growth in rents of 5. The uptick in octg demand of late 2009, out of the downturn of 2008, was characterized by a much stronger import presence than any previous octg recovery. Oil country tubular goods octg comprises of a wide range of steel tubular products that are used in oil and gas exploration and production and in particular drilling. The evidence in the record as to trends in the types of octg consumed in the united. Global octg oil country tubular goods market report.
Tmk market outlook and trends published on nov 19,2018 tenaris restarts conroe plant in texas published on oct 23,2018 vallourec supplies octg for geothermal heating project in munich. He discusses octg manufacturing, distribution and prices. Oct 26 2016 52 mins james ley, roman filimonov, kim leppold. The trend is set to continue with the current surge in offshore activities and shale reserve exploratory activities. Tubular goods octg, which includes drill pipe, casing and tubing. Oil country tubular goods market report categories the. Performance measured from 8 december 2017 release date of our 2018 outlook to 28 march 2018 or when the view was closed 1 multiasset income allocation is as described in outlook 2018.
Overview of the steel and iron ore market h1 2019 deloitte. Similarly, when i double click on a pdffile, it tries to open it with adobe photoshop. After which, let us open outlook in safe mode and check. Europe and africa will also develop with a decent cagr. Oil country tubular goods octg are steel pipes used for oil and natural gas. Global octg intelligence service analytics database our global octg intelligence service provides you with unrivaled coverage of the market, equipping you with valuable data, insights and forecasts. Oil country tubular goods market global octg industry, 2026. Outlook clouded for open mexican market request pdf. After all, what other segments of the economy were in a position to boast performance numbers like the oil and gas industry so soon after the recession. Eia reported in 2016 that hydraulically fractured wells accounted for around 68 % of all natural gas and oil wells drilled in. Both, the fed and the ecb have made open ended commitments to infuse liquidity through asset purchases.
In 2011, thanks to the acquisition and industrialization of vallourec saudi arabia previously zamil pipes, vallourec became the first octg market leader to have a premium finishing unit in the region, allowing to supply the worlds biggest oil company, saudi aramco, owned by the. The opening ceremony took place on december in taganrog. What a difference a week makes technically speaking for the. Oil country tubular goods octg market forecast 20192029. Technological improvements in octg premium casing connections. And while a few things stayed the same, we saw plenty of movement this year in terms of email client popularity.
Octg manufacture and octg market outlook what is octg. Global seamless pipes and tubes industry pr newswire. The figure below discusses the oil country tubular goods market share, based on regions, as of 20. Global seamless pipes and tubes industry news provided by. How has the us rig count changed since 2019 and does this remain the best indicator of measuring this industry, or should we turn to look at octg consumption per rig.
Overview of the steel and iron ore market overview of the global iron and steel market. Key events february 2018 3 indias3q gdp rebounded to 7. Global octg market outlook to 2018 rising level of deepwater exploration to stimulate market growth. Apr 18, 2019 global octg oil country tubular goods market. This report analyzes the worldwide markets for seamless pipes and tubes in thousand tons. Read expert opinions, top news, insights and trends on the economic times. We combine innovative technology, reliable product quality and efficient service. Outlook strong for octg market, but with some bumps along the. Steel price forecast and market outlook ihs markit. As well as by leading countries with analysis of the leading companies in the industry. Our global octg intelligence service provides you with unrivaled coverage of the market, equipping you with valuable data, insights and forecasts. When youve selected the application that you want to open it with, make sure the option always use this app to open files always the selected program to open this kind of file. Outlook strong for octg market, but with some bumps along.
327 1603 1231 286 674 317 289 1158 37 255 655 237 445 780 181 503 744 1163 452 1224 865 1250 1240 703 501 684 1418 796 1360 206 518