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Northbridge Industrial Services Plc

Mounting crude oil exploration in Saudi Arabia, Qatar and UAE will drive the Middle East market

Global Drill Collar Market: Trends & Opportunities

Escalating drilling activities across the world, be it for extraction or exploration of oil and natural gas, is the primary driver of the market. In particular, shale gas is quickly gaining popularity in order to decrease the dependency on oil and gas as well as preserve the environment. Many more wells are expected to start production during the forecast period and thereby increase the demand for drill collar, especially in Canada. Increased investments in deep and ultra-deep water reserve, which have emerged as resources with enormous potential, will further increment the demand. The report observes that offshore deep and ultra-deep water is mostly untouched as the companies were restricted to shallow water reserves until now. Government incentives for alternative energy exploration across several nations is another factor favouring the growth rate.

Northbridge Industrial Services plc (LON:NBI) hires and sells specialist industrial equipment to a non-cyclical customer base and has grown organically and by the acquisition of companies in the UK and abroad and through investing in those companies to make them more successful. With offices or agents in the UK, US, Dubai, Belgium, Germany, France, Australia, Singapore, New Zealand, Brazil and Korea, Northbridge has a global customer base. This includes utility companies, the oil and gas sector, shipping, construction and the public sector.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.