OILFIELD CHEMICALS MARKET ANALYSIS

Oilfield Chemicals Market, By Type (Inhibitors, Demulsifiers, Rheology Modifiers, Friction Reducers, Biocides, Surfactants, Foamers, and Other Products), By Application (Drilling, Production, Cementing, and Workover & Completion), By Location (Onshore and Offshore), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In January 2024, Schlumberger (SLB) and Nabors Industries announced a collaboration to enhance the adoption of drilling automation solutions in the oil and gas industry. This partnership aims to leverage advanced technologies to improve drilling efficiency, safety, and overall operational performance.
In November 2022, NanoMalaysia Berhad unveiled its latest innovation in the oil and gas sector - the drilling fluid loss additive named Synergy 10AS Nano. This product launch marked the culmination of a rigorous four-year testing and development phase, showcasing NanoMalaysia's dedication to research and technological advancement.
In 2022, Ingevity Corporation announced its plans to introduce a new line of bio-based oilfield products at the American Association of Drilling Engineers (AADE) 2022 Fluids Conference and Exhibition. This event provided a platform for Ingevity to showcase its innovative solutions, which are designed to offer environmentally friendly alternatives for the oil and gas industry.
In 2022, Castrol, a leading global lubricant brand, launched a new hydraulic control fluid designed to meet the evolving needs of the oil and gas industry. This product is formulated to provide enhanced performance, reliability, and safety in hydraulic systems used in drilling and production operations.