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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Supply Demand

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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

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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™.

    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 rental equipment is estimated to be $17.42 billion
    • By 2023, it is expected to reach $19.12 billion with a CAGR of 1.5 percent from 2019

    Global Oil & Gas Rental Equipment - Market Drivers and Constraints

    Drivers

    • Increase in CAPEX spending is driving the demand for well completion and intervention services which leads to increase in demand for surface equipment for well testing.
    • High number on unfinished wells in US shale basin is expected to drive the demand for surface equipment as operators are under pressure to step up production from these shale wells
    • Rebounding oil prices comes as relief for several E&P operators in terms of increasing their exploration activity after a tough patch of low oil price.
    • Advancement in technologies related to surface equipment helps E&P operators optimizing operations like well testing, DST, well control etc

    Constraints

    • Stringent environment & emission regulations are making the E&P/well completion & intervention activities costlier across several countries.
    • Major oil& gas assets in Australian Offshore, Gulf of Mexico, Canada are located in environmentally sensitive areas require state-of-art technology which comes with higher cost.

    Oil & Gas Rental Equipment - Regional Market Outlook- United States

    • US, the largest market for oil & gas rental accounted for about 39% of the overall oilfield rental equipment demand .
    • Rattled by the budget cuts, Shale operators restricted the field development leading to higher number of unfinished wells. By Q2 2017, number of unfinished wells stood at 1,764.
    • With an urge to increase production from shale fields, the demand for oil & gas rental equipment is expected to increase significantly in 2018 and 2019 with Y-o-Y growth rate of 9.55 %
    • With increasing number of new players into rental market, E&P companies have a large pool of global and regional suppliers to the US market to choose from.