Pressure Pumping Market Size to Hit US$ 110.76 Billion by 2032 Driven by Rising Energy Demand & The Need for Advanced Oil & Gas Recovery Methods | SNS Insider [Yahoo! Finance]
Schlumberger N.V. (SLB)
Last schlumberger n.v. earnings: 4/17 06:50 am
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Source: Yahoo! Finance
Austin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Pressure Pumping Market Size & Growth Analysis: “According to SNS Insider Research, The Pressure Pumping Market Size was valued at USD 69.67 billion in 2023 and is projected to reach USD 110.76 billion by 2032, growing at a CAGR of 5.29% over the forecast period from 2024 to 2032.” Growth and Innovation in the Pressure Pumping Market: Driving Oil and Gas Extraction from Unconventional Reserves The pressure pumping market has seen substantial growth in recent years, primarily driven by its essential role in the extraction of oil and natural gas from unconventional reserves. Hydraulic fracturing , or fracking, is a critical method that relies on pressure pumping technology to inject fluids into deep rock formations, enabling the release of hydrocarbons. As global energy demand escalates, particularly from unconventional sources like shale, the need for pressure pumping services has surged. This demand is especially prominent in regions li
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SLB
Earnings
- 10/18/24 - Beat
SLB
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 4
- 11/13/24 - Form SC
- SLB's page on the SEC website