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jindaldrilling.com

Founded Year

1983

About Jindal Drilling & Industries

Operator of offshore rigs for oil and gas exploration. The company offers offshore drilling services and is the largest domestic supplier of mud logging units to oil companies. In addition, it is also a leading domestic player in India in the lucrative and specialized niche of directional drilling.

Jindal Drilling & Industries Headquarters Location

Suite 101, 70/B-39 Shivaji Marg

New Delhi, 110 015,

India

91 11 4253 1111

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Latest Jindal Drilling & Industries News

Measurement While Drilling Market Size [2021-2027] Worth USD 2.15 Billion | Exhibit a CAGR 7.2%

Aug 17, 2022

Optimization of Production Processes to be the Central Focus for Market Players   The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/measurement-while-drilling-market-102804   Market Drivers and Restraints: The global oil and gas industry is facing a number of challenges, including the impact of climate change on the industry. As a result, companies have been investing in alternative energy sources such as wind power. In addition to this, some companies are also looking at technology for better drilling operations such as Measurement While Drilling Market. The growing need to monitor the wellbore conditions during the drilling process to reduce the risk of drilling and casing failure is expected to drive the market for MWD globally. The growth of the Global Measurement While Drilling market can be attributed to Increasing oil & gas production, increasing shale gas production, and increasing drilling activities in unconventional reservoirs. Eruption of the COVID-19 Pandemic to Diminish Global Energy Demand While the long-term prospects for the global energy sector are promising, the coronavirus outbreak has thwarted the growth trajectory of this market in 2020. Governments in most countries have imposed nationwide lockdowns, which has brought production activities to a grinding halt and has deflated the demand for fossil fuel-driven energy generation. The Global Energy Review report published by the IEA has revealed that world energy demand is set to fall by 6% in 2020, which is equal to the loss of the entire energy demand of India, the world’s third largest energy consumer. Further, developed economies are slated to experience the steepest decline, with the US set to witness a 9% fall and the European Union (EU) a fall of 11% during this year. Moreover, the IEA’s calculations show that worldwide lockdown is bringing down global energy demand by 1.5% each month, which will prove fatal for the measurement while drilling market growth. This is because the demand for hydrocarbon-based energy is critically dependent on a wide variety of economic activities, especially in urban areas. Measurement While Drilling Markets Segmentation The drilling market is segmented on the basis of type of drilling rigs, end-use industry, and geographic region. Rig type segmentation includes land drilling rigs, offshore drilling rigs, and semi-submersible drilling rigs. End-use industry segmentation includes oil & gas, mining, and renewable energy. Geographic segmentation includes North America, Europe, Asia Pacific, and South America. Segmentation Europe (UK, Germany, Norway, Italy, Russia, and Rest of Europe) Asia-Pacific (China, India, Indonesia, Thailand, Australia, and Rest of Asia-Pacific) Middle East & Africa (Saudi Arabia, UAE, Oman, Kuwait, Algeria, Angola, Egypt, and Rest of the Middle East & Africa) Latin America (Brazil, Mexico, Argentina, Venezuela, and Rest of Latin America)   As per the findings of the report, the value of this market stood at USD 1.79 billion in 2019. Besides this, the report provides the following: Panoramic overview of the industry trends and outlook; Detailed examination of the impact of the COVID-19 outbreak on the market; In-depth research into the market drivers, restraints, and segments; and Comprehensive study into the competitive landscape and regional prospects of the market. Regional Analysis Shale Gas Revolution to Augment the Market in North America North America generated USD 0.67 billion in revenue in 2019 and is envisaged to dominate the measurement while drilling market share in the coming years, primarily owing to the discovery of shale gas in the region. However, the COVID-19 infection has crippled economic activity in the US, thus severely impacting energy demand and hampering the market growth in the region for 2020. The strongest economies of Europe – UK, France, Italy, and Germany – are battling the coronavirus through lockdowns and curtailed business activities, thus stymieing the growth of the market in the continent. Similarly, the rapid economic growth in India has been stalled by this pandemic, forcing the country to go under lockdown, which is expected to have challenging ramifications for the global energy industry in 2020. Optimization of Production Processes to be the Central Focus for Market Players Competitors in this market are developing new techniques and exploring new technologies to optimize their production processes to make their operations cost-effective and energy-efficient. Implementing these strategies has become all the more important today in the wake of the COVID-19 outbreak, which has deeply hurt the finances of most companies in the energy sector. List of Players Covered in the Measurement While Drilling Market Report: COSL - China Oilfield Services Limited (China) Newsco (United States)   1. Who has the best Measurement While Drilling? Schlumberger (United States), Halliburton (United States), Baker Hughes (United States), Weatherford (Switzerland), Nabors Industries (Bermuda), National Oilwell Varco (United States), Jindal Drilling & Industries Ltd (India), Cathedral Energy Services (Canada), Gyrodata (United States), Cougar Drilling Solutions (Canada), Newsco (United States), Target Well Control (Canada), COSL - China Oilfield Services Limited (China), 2. How big is the Measurement While Drilling market? The global measurement while drilling market size stood at USD 1.79 billion in 2019 and is projected to reach USD 2.15 billion by 2027 3. Which region held the highest share in the market? North America dominated the market share in 2019. About Us: Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us: Phone: UK: +44 2071 939123

  • When was Jindal Drilling & Industries founded?

    Jindal Drilling & Industries was founded in 1983.

  • Where is Jindal Drilling & Industries's headquarters?

    Jindal Drilling & Industries's headquarters is located at Suite 101, 70/B-39, New Delhi.

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