Waterflooding of Gulf Coast reservoirs is commonly unsuccessful, leaving oil trapped in the rock. These reservoirs could face abandonment within the next decade or two, leaving abundant un produced oil reserves. With DOE Oil Program support, Texaco is testing the ability of combined CO2 flooding and horizontal well technologies to recover more oil from depleted Gulf Coast reservoirs similar to those in the Port Neches field. Initial efforts look successful, but some production problems are being addressed. Successful demonstration of the ability of these combined technologies to increase production will provide operators with a new technique that can be applied to other Gulf Coast reservoirs, a potential target for as much as 500 million barrels of oil.

Texaco, as a partner in the Department of Energy's oil recovery field demonstration program, is combining two improved oil recovery technologies, carbon dioxide (CO2) flooding and horizontal drilling, to boost production from a depleted sandstone reservoir in southeast Texas. The demonstration site, the Port Neches field, contains reservoirs in two faulted. Prior to the project the reservoirs produced mostly water with little oil.

West Hackberry Field in Cameron Parish, Louisiana, is a typical "watered out" Gulf Coast oil reservoir. The formation lies 8,800 to 9,000 feet deep and is steeply tilted, dipping as much as 35 degrees from horizontal. After decodes of production, reservoir pressure has declined by 25%, and water has intruded into the formation, preventing economical production; as much as one-half of the field's original oil remains unproduced. Now, as part of a Deportment of Energy Oil Recovery Field Demonstration project, Amoco will attempt to repressurize the reservoir by injecting air. The plan is to create a gas cop and force the water level to recede to its original position. The target zone is the Comerino sands on the west flank of the field. Amoco researchers believe that once the necessary gas cops ore created, the natural tilt of the reservoir will allow oil to drain to the lower section of the reservoir, a process called "gravity drainage." Properly wells drilled into this section should be able to recover most of the remaining oil. A secondary effect-spontaneous combustion of oil with oxygen could create a front of combustion gases in the reservoir. These gases could push oil more rapidly through the rock, accelerating the drainage process and boosting production. Speed, however, is relative. In this project, the reservoir's response is measured in years. Gas cops con be created within about four years, but the process of gravity drainage is expected to toke much longer. If successful, additional oil from the West Hackberry Field could be recovered for as long as 15 more years.

The Luff Exploration Company oil recovery project will bring a host of new, high-technology oil production tools to independent producers in the carbonate basins of Montana and North and South Dakota.

The oil production in Angola was measured at 1.32 million barrels per day in January 2022, improving from 1.29 million barrels in the previous month. During the period observed, the output reached the highest in the first quarter of 2020. After that, it started an overall downward trend. In 2021, the country produced on average 1.2 million barrels of oil daily, the lowest level in the last fifteen years. Currently, Angola’s challenge lies in reversing this decline in production, as the activity has an enormous influence on the country’s economy.

Angolan economic growth relies on the oil industry

Angola’s GDP is forecast to increase by three percent in 2022, showing signs of recovery after years of recession. Higher global oil prices, combined with the relaxation of the coronavirus (COVID-19) pandemic restrictions, are likely to drive the Angolan economic growth. Being the second largest oil producer in Africa, Angola relies strongly on this resource. Around one-third of the country’s GDP is rooted in the oil industry. Moreover, crude oil, natural gas, and refined oil account for almost all national exports.

Oil sector lacks investment

Despite vast oil reserves, Angola’s oil sector struggles with a lack of investment. For instance, capital expenditure, often used for new projects and investments, declined to three billion U.S. dollars in 2021, against 15 billion U.S. dollars in 2014. To face such issues and revitalize the sector, the Angolan government released a strategic plan for the exploration of hydrocarbons between 2020 and 2025 and approved new tax incentives to boost the oil industry. Furthermore, investment to increase the national oil refining capacity is also planned, with new refineries expected to start operations by 2025.

In 2024, crude oil production from OPEC countries amounted to roughly ** million barrels per day. Figures slightly increased that year. Between 1998 and 2024, figures increased by nearly **** million barrels of oil per day, peaking at **** million barrels per day in 2016.

Oil Production Software Market Outlook

The global oil production software market size is expected to grow significantly from $3.5 billion in 2023 to approximately $7.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 8.6%. The growth of this market is driven by the increasing need for efficient and cost-effective solutions in the oil and gas industry to optimize production processes, improve safety standards, and ensure regulatory compliance. The demand for innovative technologies and advanced software applications that can manage large volumes of data and provide real-time analytics is also propelling the market forward.

One of the primary growth factors for the oil production software market is the rising complexity of oil extraction and production processes. With the depletion of easily accessible oil reserves, companies are increasingly venturing into deepwater and ultra-deepwater drilling, unconventional oil extraction methods, and enhanced oil recovery techniques. These sophisticated operations require advanced software solutions to monitor and manage production activities, ensuring operational efficiency and minimizing risks. Additionally, the need to integrate various data sources, including seismic data, drilling logs, and production metrics, into a cohesive system further fuels the demand for specialized oil production software.

Another significant driver is the growing emphasis on digital transformation within the oil and gas sector. Companies are increasingly adopting digital technologies such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML) to enhance their operational capabilities. Oil production software that leverages these technologies can provide predictive maintenance, optimize production schedules, and facilitate better decision-making processes. The digitalization trend is not only focused on improving productivity but also on ensuring safety and reducing environmental impact, which are critical concerns in the industry.

The integration of Oil and Gas Cloud Applications is becoming increasingly pivotal in the digital transformation of the oil production software market. These cloud-based solutions offer unparalleled flexibility and scalability, allowing companies to efficiently manage their operations without the need for extensive on-premises infrastructure. By leveraging cloud applications, oil and gas companies can access real-time data and analytics, enabling them to make informed decisions quickly and effectively. The ability to collaborate across geographically dispersed teams is another significant advantage, as cloud applications facilitate seamless communication and data sharing. As the industry continues to evolve, the adoption of cloud-based solutions is expected to grow, driven by the need for cost-effective and efficient management of complex production processes.

Investment in research and development (R&D) by key players in the market is also contributing to its growth. Major software providers are continuously innovating to offer more advanced and user-friendly solutions that cater to the evolving needs of the oil and gas industry. Partnerships and collaborations with oil companies and technology providers are enabling the development of customized software tailored to specific operational requirements. This collaborative approach is helping to bridge the gap between technology and practical application, thereby driving market expansion.

Regionally, North America holds a significant share of the oil production software market, driven by the presence of major oil companies and technological advancements in the region. The United States, in particular, is a key player due to its extensive shale oil and gas activities. Europe and Asia Pacific are also witnessing substantial growth, with increasing investments in the energy sector and the adoption of digital technologies. The Middle East & Africa region, rich in oil reserves, presents lucrative opportunities for market players, although political and economic instability in some areas may pose challenges.

Component Analysis

The oil production software market can be segmented by component into software and services. The software segment includes various solutions such as production management software, reservoir simulation software, and well data management systems. These software applications are essential for optimizing production processes, enhancing operational efficiency, and e

OPEC+ announces a significant increase in oil production, raising output by 411,000 bpd starting in May, affecting global oil prices and market strategies.

In June 2025, roughly **** million metric tons of crude oil were produced in China. This was an increase compared to the same month in the previous year. Crude oil industry leaders and consumer groups China's leading oil, gas, and petrochemical companies are state-owned enterprises Sinopec and Petrochina. In 2023, they reported whopping annual revenues of around *** and *** trillion yuan, respectively. Their business performance is in part driven by increasing demand for oil and oil products by the automotive industry. With over *** million cars sold each month, automobile sales in China stimulate demand for petroleum-based motor fuels. This is also reflected in the production of refinery products, such as gasoline and diesel. China's growing appetite for primary energy As the wealth of its residents grows, so too does the country's demand for primary energy sources. In 2023, China was ranked the world's largest primary energy consumer. Crude oil consumption has been climbing continuously in the past few years, although coal remains the most dominant energy source in the country. Together, coal and oil make up the lion’s share in China’s primary energy consumption.

The Gulf of Mexico is poised to significantly enhance US oil production, driven by major projects from Chevron, Shell, and BP, marking a resurgence in the region's strategic importance.

The global market for Oil and Gas Supporting Activities is anticipated to reach a value of XXXX million by 2033, growing at a CAGR of XX% over the forecast period (2025-2033). Factors driving the growth of this market include increasing demand for energy, rising exploration and production activities, and technological advancements. The market is segmented by type into well maintenance, exploration, and well developing, and by application into crude petroleum comprises and natural gas extraction comprises. North America and Europe are expected to remain the dominant regions in the Oil and Gas Supporting Activities market, due to the presence of major oil and gas companies and a high level of exploration and production activities. The Asia Pacific region is expected to experience significant growth in the coming years, driven by increasing energy demand and government initiatives to boost oil and gas production. Key players in the market include Halliburton, Saipem, Schlumberger, GE (Baker Hughes), and Weatherford. This report provides a comprehensive analysis of the oil and gas supporting activities industry, highlighting market trends, industry characteristics, key players, and growth drivers.

OPEC+ boosts oil production amid Middle East tensions. Rosneft CEO Sechin praises the strategic move, aligning with consumer interests despite market volatility.

Total SA (Total) is planning to sell its oil and gas assets worth around US$15 billion to US$20 billion during the period 2012–2014 to boost oil and gas production and shareholder dividends. The asset sale program has been undertaken as part of the company’s strategy to increase its free cash flows. Total expects that the asset sale program will help the company to boost dividends and increase its oil and gas production by an average of 3% every year during the period 2011–2015. Read More

BP anticipates higher oil production and trading revenue this quarter, boosting its U.S.-listed shares despite lower oil prices.

The size of the Big Data in Oil & Gas Exploration and Production Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 10.20">> 10.20% during the forecast period. The oil and gas exploration and production (E&P) sector is undergoing a transformation due to the impact of big data, which significantly improves decision-making, streamlines operations, and boosts overall efficiency. Given the industry's reliance on intricate, data-heavy processes, big data technologies empower organizations to process extensive information from diverse sources, including seismic surveys, drilling data, and production metrics, in real-time. This capability enhances forecasting accuracy, optimizes reservoir management, and refines exploration strategies. Utilizing advanced analytics and machine learning algorithms allows for the detection of previously hidden patterns and trends, thereby promoting more informed decision-making and effective risk management. For instance, predictive maintenance models can foresee equipment failures, thereby reducing downtime and lowering maintenance expenses. Furthermore, big data analytics facilitate the optimization of drilling methods and production workflows, resulting in improved resource recovery and operational efficiency. The incorporation of big data within the oil and gas industry also fosters innovation in subsurface modeling, reservoir simulation, and production monitoring, enabling firms to maximize output while minimizing operational risks. Nevertheless, the implementation of big data technologies presents challenges, including data security concerns, the necessity for skilled personnel, and substantial initial investment requirements. Despite these obstacles, the adoption of big data in E&P is on the rise, propelled by its capacity to significantly enhance operational efficiency and profitability within the energy sector. Recent developments include: Cloud-based technology and solutions have become an essential tool for the energy sector, especially in the Middle East, to store data and analyze it. The COVID-19 pandemic boosted the growing cloud computing in the oil and gas industry in recent years.. Key drivers for this market are: 4., Uninterrupted and Reliable Power Supply and Heavy Deployment of DG (diesel generator) Set4.; Improvement in Technology of Diesel Generator. Potential restraints include: 4., The Growing Trend of Renewable Power Generation. Notable trends are: Big Data Software to Dominate the Market.

US Oil And Gas Upstream Market size was valued at USD 923.44 Million in 2024 and is projected to reach USD 1094.75 Million by 2032, growing at a CAGR of 2.15% from 2026 to 2032.

Key Market Drivers

Growing Domestic Oil Production and Energy Independence: The United States has greatly increased its oil and gas production capacity, hence boosting its position in global energy markets. According to the Energy Information Administration (EIA), US crude oil output hit a new high of 13.3 million barrels per day in 2023, a 32% increase from 2018. According to the US Department of Energy, domestic oil output has reduced petroleum imports by 65% since 2010, and the US became a net energy exporter in 2020, exporting an average of 3.6 million barrels of petroleum products per day in 2023.

Technological Advancements in Drilling and Extraction: Advanced drilling technologies and improved extraction procedures have greatly increased production efficiency.

The global Production Oilfield Services and Equipment market, valued at $75.4 billion in 2025, is projected to experience steady growth, driven primarily by increasing global energy demand and the ongoing exploration and production activities in established and newly discovered oil and gas fields. The market's Compound Annual Growth Rate (CAGR) of 2.4% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key growth drivers include advancements in drilling technologies, such as horizontal drilling and hydraulic fracturing, which enhance oil and gas extraction efficiency. Furthermore, the increasing adoption of digitalization and automation in oilfield operations contributes to improved productivity and reduced operational costs, boosting market expansion. The market segmentation reveals that Pressure Pumping Services and Completion & Equipment Services are the most significant revenue generators, reflecting the crucial role these segments play in the oil and gas production lifecycle. Geographically, North America, particularly the United States, remains a dominant market due to its substantial oil and gas reserves and established infrastructure. However, significant growth opportunities exist in emerging markets within Asia-Pacific and the Middle East & Africa regions, driven by increased investment in oil and gas exploration and infrastructure development. While challenges such as fluctuating oil prices and stricter environmental regulations pose restraints, the overall outlook for the Production Oilfield Services and Equipment market remains positive, with sustained growth projected throughout the forecast period. The competitive landscape is characterized by the presence of major multinational companies such as Baker Hughes, Schlumberger, Halliburton, and Weatherford, alongside several smaller, specialized service providers. These companies are constantly striving for innovation, acquiring smaller firms, and expanding their global footprint to capture a larger market share. The market's growth hinges on the interplay of technological advancements, government policies promoting energy security, and fluctuating global energy prices. Continued investment in research and development, focused on sustainable and efficient oil and gas production technologies, will be crucial for sustained market expansion. The increasing focus on environmental, social, and governance (ESG) factors will also shape the future trajectory of this market, pushing for the adoption of more environmentally friendly production methods and technologies.

According to Cognitive Market Research, the global Crude Oil Desalter market size will be USD 2514.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1005.84 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 754.38 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 578.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 125.73 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 50.29 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2025 to 2033.
The Electrostatic Dehydrator segment category led the Crude Oil Desalter Market.

Market Dynamics of Crude Oil Desalter Market

Key Drivers for Crude Oil Desalter Market

Increasing global crude oil production and consumption

The global demand for crude oil continues to rise, driven by industrial growth, transportation needs, and energy consumption across multiple sectors. As economies recover and develop, particularly in emerging markets, oil consumption increases, leading to higher crude oil production levels. Additionally, geopolitical factors and technological advancements in extraction processes, such as hydraulic fracturing and deepwater drilling, are boosting production. The surge in demand for refined products, including petrochemicals, fuels, and lubricants, further accelerates the need for efficient desalting processes to improve crude oil quality and ensure smooth refining operations. For instance, In July 2022, Gemcorp signed a contract with state-owned Sonangol to build the 60,000 b/d capacity refinery. Phase 1 is expected to include a 30,000 b/d CDU with a crude oil desalter, kerosene treatment, and ancillary infrastructures including pipelines, a conventional buoy mooring system, and storage facility for over 1.2 million barrels.

Expansion of oil refineries in emerging economies

Emerging economies, especially in Asia, Africa, and the Middle East, are expanding their oil refinery infrastructure to meet the growing demand for refined petroleum products. The rise in population, urbanization, and industrial activities in these regions is contributing to an increase in energy consumption, driving the need for more sophisticated refining capacities. This expansion leads to a growing focus on improving the efficiency of refining processes, including crude oil desalting, to ensure higher quality output while meeting stringent environmental standards. Investment in new refineries and the modernization of existing facilities further boosts the adoption of advanced desalting technologies.

Restraint Factor for the Crude Oil Desalter Market

High cost of advanced veterinary ventilators limiting adoption in smaller clinics

The high cost of advanced veterinary ventilators is a significant barrier to their adoption, particularly in smaller veterinary clinics with limited budgets. These ventilators are often equipped with sophisticated features like automatic settings, real-time monitoring, and precise control over respiratory parameters, making them expensive to purchase and maintain. Smaller clinics may struggle to justify the investment, especially when facing competition from more affordable, manual alternatives. As a result, many clinics opt for less advanced, cost-effective equipment, which can limit their ability to provide the best care for critical animal patients requiring ventilation support.

Market Trends in Crude Oil Desalter Market

Increasing adoption of multi-stage desalting processes for improved efficiency

The oil industry is increasingly adopting multi-stage desalting processes to enhance the efficiency of crude oil treatment. Multi-stage desalting systems, such as two-stage and three-stage processes, allow for better removal of impurities like salts, water, and solid particles from crude oil. This results in improved...

The primary objective of this project is to enhance domestic petroleum production by demonstration and technology transfer of an advanced oil recovery technology in the Paradox Basin, southeastern Utah. If this project can demonstrate technical and economic feasibility, the technique can be applied to about 100 additional small fields in the Paradox Basin alone, and result in increased recovery of 150 to 200 million bbl of oil. This project is designed to characterize five shallow-shelf carbonate reservoirs in the Pennsylvanian (Desmoinesian) Paradox Formation and choose the best candidate for a pilot demonstration project for either a waterflood or carbon dioxide-(CO2-) flood project. The field demonstration, monitoring of field performance, and associated validation activities will take place in the Paradox Basin within the Navajo Nation. The results of this project will be transferred to industry and other researchers through a petroleum extension service, creation of digital databases for distribution, technical workshops and seminars, field trips, technical presentations at national and regional professional meetings, and publication in newsletters and various technical or trade journals.

In 2023/24, vegetable oil production amounted to some ***** million metric tons worldwide and was forecast to increase to over *** million metric tons in the 2024/25 marketing year. Vegetable oil production Vegetable oils are fats that have been extracted from plants. The extraction of oils from plants has been a common practice in several cultures since early times. In recent years, excavators found evidence of olive oil production in Israel and dated it back to 8,000 years ago. Vegetable oil is used for cooking, as pet food additives, as fuel and as an ingredient for soaps, candles, perfumes and other personal care products. Over the last several years, the global production of vegetable oils has experienced constant growth. Since 2007, annual vegetable oil production had increased by more or less five percent, however slowed down in 2012/2013. Between 2016 and 2017, approximately ****** million metric tons of coconut, cottonseed, olive, palm, palm kernel, peanut, rapeseed, soybean and sunflower seed oils were manufactured all over the world—a **** percent raise from the previous period. Palm oil was the leading vegetable oil category in terms of production volume and consumption. In 2021/2022, worldwide palm oil production yielded roughly **** million metric tons. According to FAOSTAT, Asia accounted for around ** percent of the global production of palm oil in 2013. Indonesia and Malaysia were the top palm oil producers that year, followed by Thailand, Nigeria and Colombia. As of 2021, Sime Darby Bhd and IOI were tied as the number top palm oil companies in the world, based on a market capitalization of *** billion U.S. dollars.