Significant global energy demand growth and rising living standards in China, India, and the Middle East, coupled with technological breakthroughs continue to alter the fundamentals of oil and gas (O&G) production, creating unprecedented opportunities for U.S. O&G equipment exporters in the near-term. New technologies have allowed the development of O&G resources that were previously considered uneconomic. The dramatic changes in the sector offer new commercial opportunities for U.S. O&G equipment manufacturers to penetrate new markets, gain share in existing markets, and revisit previously declining or over-regulated markets despite declining global oil and gas prices. These fast-developing trends also present an important opportunity for U.S. O&G equipment sales through focused export promotion efforts.
This report is part of the Top Markets Series. Each report ranks future export opportunities within a particular industry based on a sector-specific methodology.
Julius Svoboda served as lead author of this report. A note of thanks goes to Paulette Hernandez and Krysten Jenci for their support and leadership, as well as the ITA review team at Posts and in Washington, DC. The majority of the data sourced in this report comes from the PriceWaterhouseCoopers Global Entertainment & Media Outlook (2014 – 2018). Special thanks to Matthew Lieberman, PwC | Technology, Infocomm, Media and Entertainment Marketing Leader, for his review and insights.