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Oil and Gas Market in Mexico 2024-2028

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    Report

  • 140 Pages
  • March 2024
  • Region: Mexico
  • TechNavio
  • ID: 5952366
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The oil and gas market in Mexico is forecasted to grow by USD 35.58 bn during 2023-2028, accelerating at a CAGR of 3.46% during the forecast period. The report on the oil and gas market in Mexico provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by availability of adequate oil and gas resource potential, rise in energy demand in Mexico, and increase in investments in enhancing operational efficiency.

The oil and gas market in Mexico is segmented as below:

By Type

  • Upstream
  • Downstream
  • Midstream

By Deployment

  • Offshore
  • Onshore

By Application

  • Residential
  • Commercial
  • Industrial

By Geographical Landscape

  • North America
This study identifies the advancements in drilling technology as one of the prime reasons driving the oil and gas market in Mexico growth during the next few years. Also, growing investments in modernizing refineries and privatization of Mexico oil and gas industry will lead to sizable demand in the market.

The report on the oil and gas market in Mexico covers the following areas:

  • Oil and gas market in Mexico sizing
  • Oil and gas market in Mexico forecast
  • Oil and gas market in Mexico industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading oil and gas market in Mexico vendors that include BP Plc, Chevron Corp., Citla Energy, Exxon Mobil Corp., Grupo Petroil, Marathon Petroleum Corp., Petroleos Mexicanos, Saipem S.p.A., Sempra Energy, Shell plc, Techint, TotalEnergies SE, and Vista Energy S.A.B. de C.V.. Also, the oil and gas market in Mexico analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by Deployment
Exhibit 06: Executive Summary - Chart on Market Segmentation by Application
Exhibit 07: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 08: Parent market
Exhibit 09: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 10: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 11: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 12: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 13: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibit 14: Chart on Mexico: Year-over-year growth 2023-2028 (%)
Exhibit 15: Data Table on Mexico: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Oil and gas market in Mexico 2018 - 2022
Exhibit 16: Historic Market Size - Data Table on oil and gas market in Mexico 2018 - 2022 ($ billion)
4.2 Type Segment Analysis 2018 - 2022
Exhibit 17: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 Deployment Segment Analysis 2018 - 2022
Exhibit 18: Historic Market Size - Deployment Segment 2018 - 2022 ($ billion)
4.4 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 23: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 24: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 25: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 26: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Exhibit 27: Chart on Type - Market share 2023-2028 (%)
Exhibit 28: Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Exhibit 29: Chart on Comparison by Type
Exhibit 30: Data Table on Comparison by Type
6.3 Upstream - Market size and forecast 2023-2028
Exhibit 31: Chart on Upstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 32: Data Table on Upstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 33: Chart on Upstream - Year-over-year growth 2023-2028 (%)
Exhibit 34: Data Table on Upstream - Year-over-year growth 2023-2028 (%)
6.4 Downstream - Market size and forecast 2023-2028
Exhibit 35: Chart on Downstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Data Table on Downstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 37: Chart on Downstream - Year-over-year growth 2023-2028 (%)
Exhibit 38: Data Table on Downstream - Year-over-year growth 2023-2028 (%)
6.5 Midstream - Market size and forecast 2023-2028
Exhibit 39: Chart on Midstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Data Table on Midstream - Market size and forecast 2023-2028 ($ billion)
Exhibit 41: Chart on Midstream - Year-over-year growth 2023-2028 (%)
Exhibit 42: Data Table on Midstream - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Type
Exhibit 43: Market opportunity by Type ($ billion)
Exhibit 44: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by Deployment
7.1 Market segments
Exhibit 45: Chart on Deployment - Market share 2023-2028 (%)
Exhibit 46: Data Table on Deployment - Market share 2023-2028 (%)
7.2 Comparison by Deployment
Exhibit 47: Chart on Comparison by Deployment
Exhibit 48: Data Table on Comparison by Deployment
7.3 Offshore - Market size and forecast 2023-2028
Exhibit 49: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 51: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibit 52: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
7.4 Onshore - Market size and forecast 2023-2028
Exhibit 53: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibit 55: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibit 56: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Deployment
Exhibit 57: Market opportunity by Deployment ($ billion)
Exhibit 58: Data Table on Market opportunity by Deployment ($ billion)
8 Market Segmentation by Application
8.1 Market segments
Exhibit 59: Chart on Application - Market share 2023-2028 (%)
Exhibit 60: Data Table on Application - Market share 2023-2028 (%)
8.2 Comparison by Application
Exhibit 61: Chart on Comparison by Application
Exhibit 62: Data Table on Comparison by Application
8.3 Residential - Market size and forecast 2023-2028
Exhibit 63: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 64: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on Residential - Year-over-year growth 2023-2028 (%)
8.4 Commercial - Market size and forecast 2023-2028
Exhibit 67: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 68: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibit 69: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
8.5 Industrial - Market size and forecast 2023-2028
Exhibit 71: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Application
Exhibit 75: Market opportunity by Application ($ billion)
Exhibit 76: Data Table on Market opportunity by Application ($ billion)
9 Customer Landscape
9.1 Customer landscape overview
Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 78: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 79: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 80: Overview on factors of disruption
11.4 Industry risks
Exhibit 81: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 82: Vendors covered
12.2 Market positioning of vendors
Exhibit 83: Matrix on vendor position and classification
12.3 BP Plc
Exhibit 84: BP Plc - Overview
Exhibit 85: BP Plc - Business segments
Exhibit 86: BP Plc - Key news
Exhibit 87: BP Plc - Key offerings
Exhibit 88: BP Plc - Segment focus
12.4 Chevron Corp.
Exhibit 89: Chevron Corp. - Overview
Exhibit 90: Chevron Corp. - Business segments
Exhibit 91: Chevron Corp. - Key news
Exhibit 92: Chevron Corp. - Key offerings
Exhibit 93: Chevron Corp. - Segment focus
12.5 Citla Energy
Exhibit 94: Citla Energy - Overview
Exhibit 95: Citla Energy - Product / Service
Exhibit 96: Citla Energy - Key offerings
12.6 Exxon Mobil Corp.
Exhibit 97: Exxon Mobil Corp. - Overview
Exhibit 98: Exxon Mobil Corp. - Business segments
Exhibit 99: Exxon Mobil Corp. - Key news
Exhibit 100: Exxon Mobil Corp. - Key offerings
Exhibit 101: Exxon Mobil Corp. - Segment focus
12.7 Grupo Petroil
Exhibit 102: Grupo Petroil - Overview
Exhibit 103: Grupo Petroil - Product / Service
Exhibit 104: Grupo Petroil - Key offerings
12.8 Marathon Petroleum Corp.
Exhibit 105: Marathon Petroleum Corp. - Overview
Exhibit 106: Marathon Petroleum Corp. - Business segments
Exhibit 107: Marathon Petroleum Corp. - Key offerings
Exhibit 108: Marathon Petroleum Corp. - Segment focus
12.9 Petroleos Mexicanos
Exhibit 109: Petroleos Mexicanos - Overview
Exhibit 110: Petroleos Mexicanos - Product / Service
Exhibit 111: Petroleos Mexicanos - Key offerings
12.10 Saipem S.p.A.
Exhibit 112: Saipem S.p.A. - Overview
Exhibit 113: Saipem S.p.A. - Business segments
Exhibit 114: Saipem S.p.A. - Key offerings
Exhibit 115: Saipem S.p.A. - Segment focus
12.11 Sempra Energy
Exhibit 116: Sempra Energy - Overview
Exhibit 117: Sempra Energy - Business segments
Exhibit 118: Sempra Energy - Key news
Exhibit 119: Sempra Energy - Key offerings
Exhibit 120: Sempra Energy - Segment focus
12.12 Shell plc
Exhibit 121: Shell plc - Overview
Exhibit 122: Shell plc - Business segments
Exhibit 123: Shell plc - Key news
Exhibit 124: Shell plc - Key offerings
Exhibit 125: Shell plc - Segment focus
12.13 TECHINT GROUP
Exhibit 126: TECHINT GROUP - Overview
Exhibit 127: TECHINT GROUP - Product / Service
Exhibit 128: TECHINT GROUP - Key offerings
12.14 TotalEnergies SE
Exhibit 129: TotalEnergies SE - Overview
Exhibit 130: TotalEnergies SE - Business segments
Exhibit 131: TotalEnergies SE - Key news
Exhibit 132: TotalEnergies SE - Key offerings
Exhibit 133: TotalEnergies SE - Segment focus
12.15 Vista Energy S.A.B. de C.V.
Exhibit 134: Vista Energy S.A.B. de C.V. - Overview
Exhibit 135: Vista Energy S.A.B. de C.V. - Product / Service
Exhibit 136: Vista Energy S.A.B. de C.V. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 139: Currency conversion rates for US$
13.4 Research methodology
Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources
13.5 List of abbreviations
Exhibit 143: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 6: Executive Summary - Chart on Market Segmentation by Application
Exhibits 7: Executive Summary - Chart on Vendor Market Positioning
Exhibits 8: Parent market
Exhibits 9: Market Characteristics
Exhibits 10: Offerings of vendors included in the market definition
Exhibits 11: Market segments
Exhibits 12: Chart on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibits 13: Data Table on Mexico - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Chart on Mexico: Year-over-year growth 2023-2028 (%)
Exhibits 15: Data Table on Mexico: Year-over-year growth 2023-2028 (%)
Exhibits 16: Historic Market Size - Data Table on oil and gas market in Mexico 2018 - 2022 ($ billion)
Exhibits 17: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Deployment Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Upstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Upstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Upstream - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Upstream - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Downstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Downstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Downstream - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Downstream - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Midstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 40: Data Table on Midstream - Market size and forecast 2023-2028 ($ billion)
Exhibits 41: Chart on Midstream - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Midstream - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Type ($ billion)
Exhibits 44: Data Table on Market opportunity by Type ($ billion)
Exhibits 45: Chart on Deployment - Market share 2023-2028 (%)
Exhibits 46: Data Table on Deployment - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Deployment
Exhibits 48: Data Table on Comparison by Deployment
Exhibits 49: Chart on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Offshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Offshore - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Onshore - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Onshore - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Deployment ($ billion)
Exhibits 58: Data Table on Market opportunity by Deployment ($ billion)
Exhibits 59: Chart on Application - Market share 2023-2028 (%)
Exhibits 60: Data Table on Application - Market share 2023-2028 (%)
Exhibits 61: Chart on Comparison by Application
Exhibits 62: Data Table on Comparison by Application
Exhibits 63: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 64: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 65: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 66: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 67: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits 68: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
Exhibits 69: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 70: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 71: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits 72: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibits 73: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 74: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 75: Market opportunity by Application ($ billion)
Exhibits 76: Data Table on Market opportunity by Application ($ billion)
Exhibits 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 78: Impact of drivers and challenges in 2023 and 2028
Exhibits 79: Overview on Criticality of inputs and Factors of differentiation
Exhibits 80: Overview on factors of disruption
Exhibits 81: Impact of key risks on business
Exhibits 82: Vendors covered
Exhibits 83: Matrix on vendor position and classification
Exhibits 84: BP Plc - Overview
Exhibits 85: BP Plc - Business segments
Exhibits 86: BP Plc - Key news
Exhibits 87: BP Plc - Key offerings
Exhibits 88: BP Plc - Segment focus
Exhibits 89: Chevron Corp. - Overview
Exhibits 90: Chevron Corp. - Business segments
Exhibits 91: Chevron Corp. - Key news
Exhibits 92: Chevron Corp. - Key offerings
Exhibits 93: Chevron Corp. - Segment focus
Exhibits 94: Citla Energy - Overview
Exhibits 95: Citla Energy - Product / Service
Exhibits 96: Citla Energy - Key offerings
Exhibits 97: Exxon Mobil Corp. - Overview
Exhibits 98: Exxon Mobil Corp. - Business segments
Exhibits 99: Exxon Mobil Corp. - Key news
Exhibits 100: Exxon Mobil Corp. - Key offerings
Exhibits 101: Exxon Mobil Corp. - Segment focus
Exhibits 102: Grupo Petroil - Overview
Exhibits 103: Grupo Petroil - Product / Service
Exhibits 104: Grupo Petroil - Key offerings
Exhibits 105: Marathon Petroleum Corp. - Overview
Exhibits 106: Marathon Petroleum Corp. - Business segments
Exhibits 107: Marathon Petroleum Corp. - Key offerings
Exhibits 108: Marathon Petroleum Corp. - Segment focus
Exhibits 109: Petroleos Mexicanos - Overview
Exhibits 110: Petroleos Mexicanos - Product / Service
Exhibits 111: Petroleos Mexicanos - Key offerings
Exhibits 112: Saipem S.p.A. - Overview
Exhibits 113: Saipem S.p.A. - Business segments
Exhibits 114: Saipem S.p.A. - Key offerings
Exhibits 115: Saipem S.p.A. - Segment focus
Exhibits 116: Sempra Energy - Overview
Exhibits 117: Sempra Energy - Business segments
Exhibits 118: Sempra Energy - Key news
Exhibits 119: Sempra Energy - Key offerings
Exhibits 120: Sempra Energy - Segment focus
Exhibits 121: Shell plc - Overview
Exhibits 122: Shell plc - Business segments
Exhibits 123: Shell plc - Key news
Exhibits 124: Shell plc - Key offerings
Exhibits 125: Shell plc - Segment focus
Exhibits 126: TECHINT GROUP - Overview
Exhibits 127: TECHINT GROUP - Product / Service
Exhibits 128: TECHINT GROUP - Key offerings
Exhibits 129: TotalEnergies SE - Overview
Exhibits 130: TotalEnergies SE - Business segments
Exhibits 131: TotalEnergies SE - Key news
Exhibits 132: TotalEnergies SE - Key offerings
Exhibits 133: TotalEnergies SE - Segment focus
Exhibits 134: Vista Energy S.A.B. de C.V. - Overview
Exhibits 135: Vista Energy S.A.B. de C.V. - Product / Service
Exhibits 136: Vista Energy S.A.B. de C.V. - Key offerings
Exhibits 137: Inclusions checklist
Exhibits 138: Exclusions checklist
Exhibits 139: Currency conversion rates for US$
Exhibits 140: Research methodology
Exhibits 141: Validation techniques employed for market sizing
Exhibits 142: Information sources
Exhibits 143: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the oil and gas market in Mexico: BP Plc, Chevron Corp., Citla Energy, Exxon Mobil Corp., Grupo Petroil, Marathon Petroleum Corp., Petroleos Mexicanos, Saipem S.p.A., Sempra Energy, Shell plc, Techint, TotalEnergies SE, and Vista Energy S.A.B. de C.V..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is advancements in drilling technology."

According to the report, one of the major drivers for this market is the availability of adequate oil and gas resource potential.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BP Plc
  • Chevron Corp.
  • Citla Energy
  • Exxon Mobil Corp.
  • Grupo Petroil
  • Marathon Petroleum Corp.
  • Petroleos Mexicanos
  • Saipem S.p.A.
  • Sempra Energy
  • Shell plc
  • Techint
  • TotalEnergies SE
  • Vista Energy S.A.B. de C.V.