Technology News & Trends

According to a new market, report published by Transparency Market Research the global upstream petrotechnical training services market was valued at US$ 734.8Mn in 2016 and is expected to expand at a CAGR of 6.3% from 2018 to 2026, reaching US$ 1,315.3 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the upstream petrotechnical training services market in 2016. The global upstream petrotechnical training services market is expected to witness considerable growth due to rising demand for skilled workforce in upstream petrotechnical industry across the globe. The oil and gas industry requires skilled workforce due to technological advancement. Hence, upstream petrotechnical companies (both operators and service providers) are focusing on enhancing workforce skills by providing training. Moreover, government policies and regulations regarding safety of workers is expected to boost training services ...

According to a new market, report published by Transparency Market Research the global upstream petrotechnical training services market was valued at US$ 734.8Mn in 2016 and is expected to expand at a CAGR of 6.3% from 2018 to 2026, reaching US$ 1,315.3 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the  The global upstream petrotechnical training services market is expected to witness considerable growth due to rising demand for skilled workforce in upstream petrotechnical industry across the globe. The oil and gas industry requires skilled workforce due to technological advancement. Hence, upstream petrotechnical companies (both operators and service providers) are focusing on enhancing workforce skills by providing training. Moreover, government policies and regulations regarding safety of workers is expected to boost training services in the upstream petrotechnical market. Operators and se...

Upstream petrotechnical training services are designed to enhance productivity of the petrotechnical industry. The training services offer development opportunities that enhance knowledge, develop skills, and enrich the organization. There are two types of training, operational and domain training. National and independent oil and gas companies offer training to their employees. They offer both internal training services and external training services. In the internal training services, the company itself offers the training and in external training, third party companies provide the training services.The need for training services in the upstream sector is expected to grow over the forecast period in the light of profound technical developments in the field of drilling and completions, including horizontal drilling, extension, and hydraulic fracturing. The global market for upstream petrotechnical training services is segmented based on training mode, training type, upstream se...