Industry Analysis & Industry Trends
The Geophysical Services industry gathers, interprets and maps geophysical data. Industry performance is dependent on demand for resource exploration from downstream oil, natural gas and mining industries, which is, in turn, largely dependent on movements in commodity prices. Therefore, volatile commodity prices have been responsible for the industry's unstable growth, although revenue increases are expected to be sustained over the next five years... purchase to read more
Industry Report - Starting a New Business Chapter
The Geophysical Services industry has high barriers to entry, including high start-up costs, excess supply of services in the global market and tremendous difficulties associated with establishing a foothold in the market.
Industry operators typically accumulate excess supply, with more equipment and industry firms available than worldwide demand. During the recession, the industry was saddled with oversupply as oil producers reduced spending and vessels sat idle. Events like the Deepwater Horizon oil spill of 2010, meanwhile, have temporarily exacerbated worldwide oversupply by closing off entire geographic regions to exploration... purchase to read more