U.S. Production of Mining and Oil and Gas Field Machinery

The U.S. industry consists of large, medium, and small firms.  Industry leaders
Halliburton and Schlumberger, each with more than 80,000 employees around the world,
and the other largest companies such as Baker Hughes, offer services such as
construction and engineering for oil and gas companies as well as manufacturing
equipment.  
Mid-sized producers focus on equipment for two or three systems, such as pressure
control equipment or separators.  Some belong to larger firms with operations unrelated
to energy.  Small producers offer limited selections of specialized components, primarily
tubing, valves, pressure and flow control equipment, and rig parts.  Many also provide
reconditioning and rental services.
Major competitors
Although U.S. oil and gas equipment manufacturers are strong in every market around
the world, they have extensive competition from manufacturers in Western Europe,
Canada, Japan, Korea, Russia, China, Brazil, Argentina, and Australia.  European oil and
gas field machinery manufacturers are considered superior in platforms, hydraulics,
moorings, and subsea components (flexible pipes, flowlines, and control systems).  These
producers tend to have favorable market shares in their regions: European manufacturers
have an advantage in the North Sea region, while the U.S. leads in the Western
Hemisphere.