CATEGORY

Oil and Gas Surface Rental Equipment

Oil and Gas surface rental equipment offers the offshore and onshore industry with various surface equipment for well test and well clean-up operations. These equipment are usually maintained and prepared by well experienced technicians.

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Oil and Gas Surface Rental Equipment Market Monitoring Dashboard

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Oil and Gas Surface Rental Equipment Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Oil and Gas Surface Rental Equipment category is 16.40%

Payment Terms

(in days)

The industry average payment terms in Oil and Gas Surface Rental Equipment category for the current quarter is 45.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Oil and Gas Surface Rental Equipment Suppliers

    960
    Total Suppliers
    55
    Diverse Suppliers
    88
    Normalized Supplier Rating
    Oil and Gas Surface Rental Equipment Supplier

    Find the right-fit oil and gas surface rental equipment supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    Brenntag SE
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    2
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    41
    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    49
    Human rights
    43
    Community Environment
    22
    Corporate governance
    52
    Human resources
    32
    Security Scorecard
    68
    Threat indicators
    F
    43
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    B
    81
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    F
    43
    Application Security
    Detecting common website application vulnerbilities
    A
    90
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    D
    65
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    B
    80
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    brenntag.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    1
    Workforce Health Safety Issues
    0
    Product Service Issues
    4
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    5
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    2
    Workforce Disputes
    0
    Sanctions
    3
    esg energy transition
    50
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Oil and Gas Surface Rental Equipment market report transcript

    Market Overview for Oil & Gas - Surface Rental Equipment

    • The global market for surface rental equipment is estimated to be $5.34 billion in 2022

    • By 2026, it is expected to reach $7.2 billion, with a CAGR of 10.3 percent from 2023

    Global Oil & Gas Rental Equipment - Market Drivers and Constraints

    Drivers

    • Advancement in technologies related to surface equipment helps E&P operators optimize operations like well testing, DST, well control, etc.

    • Increase in oil production and increased rig count are driving the surface rental equipment market in 2023

    • Increased upstream investments, owing to high oil price is a driving factor, which induces confidence in the industry and acts as a driver of the surface rental equipment market

    Constraints

    • Stringent environment & emission regulations are making the E&P/well completion & intervention activities costlier across several countries

    • Inflation in the North American and European regions is of great concern

    • Global disruption in oil and gas supply due to the Russia-Ukraine war affected not only the prices of these commodities but also every economic activity reliant on hydrocarbons

    • Shortage of skilled labor is an existing constraint in the market

    • Shortage in supply of equipment is another major constraint

    Oil & Gas Rental Equipment - Regional Market Outlook - North America

    • The drilling operations are expected to increase over ~15 percent during 2023 in the region

    • US banned all imports of Russian oil and gas and energy, about 8 percent of US oil and the refined product comes from Russia.

    • The US government is tiring to boost domestic oil production owing to its ban on Russian oil, as well as efforts by producers to optimize profits in light of high oil prices

    • In July 2022, the amount of crude stockpiled in the Strategic Petroleum Reserve (SPR) fell to 469.9 million barrels, a 37-year low

    • The US government has decided not to levy anti-dumping tariffs on steel goods

    • Oil and gas activities in the Permian basin region continue to rise and the outputs are expected to hit highs by Q3 2023

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