Gas lift

Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance

Retrieved on: 
Tuesday, April 23, 2024
Petroleum Development Oman, International, BP, Well drilling, WFRD, PTTEP, Artificial intelligence, Capital expenditure, Growth, Gulf of Mexico, Weatherford International, XT, Senior, Machine learning, MPD, Gas lift, Quattro, Acquisition, Line of credit, ESP, Credit, Kuwait Oil Company

HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the first quarter of 2024.

Key Points: 
  • Operating income was $233 million in the first quarter of 2024, compared to $185 million in the first quarter of 2023 and $216 million in the fourth quarter of 2023.
  • First quarter 2024 cash flows provided by operating activities were $131 million, compared to $84 million in the first quarter of 2023 and $375 million in the fourth quarter of 2023.
  • Capital expenditures were $59 million in the first quarter of 2024, compared to $64 million in the first quarter of 2023 and $67 million in the fourth quarter of 2023.
  • We closed the first quarter 2024 with total cash of approximately $937 million as of March 31, 2024, down $126 million sequentially.

Insights on the Artificial Lift Global Market to 2026 - Key Drivers, Restraints and Opportunities - ResearchAndMarkets.com

Retrieved on: 
Wednesday, May 26, 2021
Other Manufacturing, Manufacturing, Pumps, Petroleum production, Oil wells, Artificial lift, Energy technology, Gas lift, Pumpjack, Elevator, Lift, Energy

As per the market based on type, the market is categorized into ESP, PCP, Gas Lift, Rod lift, others.

Key Points: 
  • As per the market based on type, the market is categorized into ESP, PCP, Gas Lift, Rod lift, others.
  • These benefits of rod lift, beam lift, or sucker lift type are anticipated to fuel artificial lift demand in the forthcoming years.
  • Thus, the increasing requirement of avoiding gas and corrosion management while artificial lift operations drive the rod lift segment.
  • According to the regional market analysis of the artificial lift market, the North America region has registered the market's maximum share.

Dual String Gas Lift First Helps South East Asia Operator Achieve Digitalization Vision

Retrieved on: 
Friday, November 20, 2020
Petroleum production, Pumps, Oil wells, Gas lift, Artificial lift, Completion, Silverwell, Energy industry, Energy, Technology

LONDON, Nov. 20, 2020 /PRNewswire/ -- Silverwell has completed the world's first successful offshore installation of an intelligent dual string gas lift completion for a client in South-East Asia.

Key Points: 
  • LONDON, Nov. 20, 2020 /PRNewswire/ -- Silverwell has completed the world's first successful offshore installation of an intelligent dual string gas lift completion for a client in South-East Asia.
  • Two independently surface-monitored and controlled gas lift production optimisation systems were installed side-by-side in the same well.
  • In comparison to conventional intervention-based gas lift technologies, the client expects to realize significant enhancements to production rate as well as reduced HSE risk and operating costs.
  • To learn more about Silverwell's digital intelligent artificial lift production optimisation system, visit silverwellenergy.com
    Silverwell is a developer and manufacturer of digitally intelligent gas lift production optimisation systems and is a recognized leader in the gas lift optimisation sector.

Dual String Gas Lift First Helps South East Asia Operator Achieve Digitalization Vision

Retrieved on: 
Friday, November 20, 2020
Petroleum production, Pumps, Oil wells, Gas lift, Artificial lift, Completion, Silverwell, Energy industry, Energy, Technology

LONDON, Nov. 20, 2020 /PRNewswire/ -- Silverwell has completed the world's first successful offshore installation of an intelligent dual string gas lift completion for a client in South-East Asia.

Key Points: 
  • LONDON, Nov. 20, 2020 /PRNewswire/ -- Silverwell has completed the world's first successful offshore installation of an intelligent dual string gas lift completion for a client in South-East Asia.
  • Two independently surface-monitored and controlled gas lift production optimisation systems were installed side-by-side in the same well.
  • In comparison to conventional intervention-based gas lift technologies, the client expects to realize significant enhancements to production rate as well as reduced HSE risk and operating costs.
  • To learn more about Silverwell's digital intelligent artificial lift production optimisation system, visit silverwellenergy.com
    Silverwell is a developer and manufacturer of digitally intelligent gas lift production optimisation systems and is a recognized leader in the gas lift optimisation sector.

Artificial Lift Market Landscape Overview 2020-2025 - Redevelopment of Mature Oilfields, New Offshore Oilfield Discoveries

Retrieved on: 
Tuesday, April 28, 2020
Petroleum production, Pumps, Articles, Technology, Contents, Artificial lift, Gas lift, Renewable energy, Oil well, Offshore drilling, Peak oil

Rising production from the existing oil & gas reserves as well as depleting reserves has driven the artificial lift market growth.

Key Points: 
  • Rising production from the existing oil & gas reserves as well as depleting reserves has driven the artificial lift market growth.
  • However, declining oil demand from Europe due to the transition towards renewables is likely to hamper the growth of the artificial lift market.
  • The artificial lift market is dominated by a few major players that have an extensive regional presence.
  • Artificial lift methods such as hydraulic pumping, gas lift, ESP, and PCP are most prominently used in offshore oil wells.

Artificial Lift Market Worth $10.3 Billion by 2025 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, March 27, 2020
Pumps, Petroleum production, Oil wells, Artificial lift, Gas lift, Forecast period, Fields of mathematics, Compound annual growth rate, Academic disciplines, Articles

The offshore application segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.

Key Points: 
  • The offshore application segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.
  • Artificial lift methods such as hydraulic pumping, gas lift, ESP, and PCP are most prominently used in offshore oil wells.
  • The pump assisted mechanism segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.
  • Thus, North America dominated the Artificial Lift Market in 2019, and expected to do so during the forecast period.

Artificial Lift Market Worth $10.3 Billion by 2025 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Friday, March 27, 2020
Pumps, Petroleum production, Oil wells, Artificial lift, Gas lift, Forecast period, Fields of mathematics, Compound annual growth rate, Academic disciplines, Articles

The offshore application segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.

Key Points: 
  • The offshore application segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.
  • Artificial lift methods such as hydraulic pumping, gas lift, ESP, and PCP are most prominently used in offshore oil wells.
  • The pump assisted mechanism segment is expected to grow at the highest CAGR in the global Artificial Lift Market during the forecast period.
  • Thus, North America dominated the Artificial Lift Market in 2019, and expected to do so during the forecast period.

Global Artificial Lift Market Analysis & Outlook 2013-2023: Rising Number of Rig Counts & Wells - ResearchAndMarkets.com

Retrieved on: 
Thursday, May 23, 2019
Energy, Oil, Gas, Pumps, Oil wells, Petroleum production, Mechanical engineering, Artificial lift, Technology, Submersible pump, Gas lift, Energy, Completion, Norris Production Solutions, Piston pump

This report analyses the artificial lift market for the historical period of 2013-2017 and the forecast period of 2018-2023.

Key Points: 
  • This report analyses the artificial lift market for the historical period of 2013-2017 and the forecast period of 2018-2023.
  • The global market of Artificial Lift is mainly driven by rising number of rig counts and wells, completion activities in conventional and non-conventional fields.
  • Rising demand and price of hydrocarbons led to the development in upstream sector and drive oilfield service and equipment market accompanied with artificial lift market.
  • Global Artificial Lift Market (Actual Period: 2017, Forecast Period: 2018-2023)
    Artificial Lift Market - Sizing, Growth, Forecast
    Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
    Analysis By Mechanism (Pump assisted, Gas assisted)
    Regional Markets - North America, Latin America, Europe, Asia Pacific, MENA - (Actual Period: 2013-2017, Estimated Period: 2017, Forecast Period: 2018-2023)
    Artificial Lift Market - Sizing, Growth, Forecast
    Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
    Analysis By Mechanism (Pump assisted, Gas assisted)
    Artificial Lift Market - Sizing, Growth, Forecast
    Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
    Analysis By Mechanism (Pump assisted, Gas assisted)

Global Artificial Lift Market is projected to display a growth represented by a CAGR of over 4.6% during 2018 - 2023

Retrieved on: 
Monday, March 4, 2019
Pumps, Petroleum production, Oil wells, Technology, Artificial lift, Mechanical engineering, Articles, Gas lift, Submersible pump, Completion, Norris Production Solutions

The report analyses the artificial lift market for the historical period of 2013-2017 and the forecast period of 2018-2023.

Key Points: 
  • The report analyses the artificial lift market for the historical period of 2013-2017 and the forecast period of 2018-2023.
  • The global market of Artificial Lift is mainly driven by rising number of rig counts and wells completion activities in conventional and non-conventional fields.
  • Rising demand and price of hydrocarbons led to the development in upstream sector and drive oilfield service and equipment market accompanied with artificial lift market.
  • According to Azoth Analytics research report "Global Artificial Lift Market By Lift Technology (Beam/Rod Lift, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others), By Mechanism (Pump Assisted, Gas Assisted), By Application (Onshore, Offshore), By Region, By Country (2018 Edition): Forecast to 2023" global artificial lift market is projected to display a growth represented by a CAGR of over 4.6% during 2018 2023, primarily driven by rising number of rigs across the world.

Global Artificial Lift (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others) Market 2013-2017 & 2023

Retrieved on: 
Tuesday, September 18, 2018
Pumps, Energy technology, Petroleum industry, Artificial lift, Gas lift, Technology, Submersible pump, Elevator, Progressive cavity pump, Norris Production Solutions, Piston pump

The "Global Artificial Lift Market - By Lift Technology (Beam Lift, Plunger, Gas Lift, Electric Pump, Hydraulic Pump, Progressive Cavity Pump, Others), By Mechanism, By Application, By Region and By Country - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Artificial Lift Market - By Lift Technology (Beam Lift, Plunger, Gas Lift, Electric Pump, Hydraulic Pump, Progressive Cavity Pump, Others), By Mechanism, By Application, By Region and By Country - Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
  • The report analyses the artificial lift market for the historical period of 2013-2017 and the forecast period of 2018-2023.
  • Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Artificial Lift Market.
  • Global Artificial Lift Market (Actual Period: 2017, Forecast Period: 2018-2023)
    - Artificial Lift Market - Sizing, Growth, Forecast
    - Analysis By Artificial Lift Type (Beam/Rod Type, Plunger, Gas Lift, Electric Submersible Pump, Hydraulic Pump, Progressive Cavity Pump, Others)
    - Analysis By Mechanism (Pump assisted, Gas assisted)