Research and Markets: Global Unconventional Gas Market 2014-2018 with BP plc, Chesapeake Energy Corp., Chevron Corp., ExxonMobil Corp., and Royal Dutch Shell plc Dominating
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lx8pbs/global) has announced the addition of the "Global Unconventional Gas Market 2014-2018" report to their offering.
The analysts forecast the Global Unconventional Gas market to grow at a CAGR of 4.7 percent over the period 2013-2018. One of the key factors contributing to this market growth is the depleting conventional gas reserves. The Global Unconventional Gas market has also been witnessing rapid technological advancements. However, the capital-intensive market could pose a challenge to the growth of this market.
Key vendors dominating this space are Arrow Energy Pty Ltd., BG Group plc, BP plc, Chesapeake Energy Corp., Chevron Corp., Dart Energy Ltd., Devon Energy Corp., ExxonMobil Corp., and Royal Dutch Shell plc.
Other vendors mentioned in the report are Aberdeen Drilling Management Ltd., Alkane Energy, Baker Hughes Inc., BHP Billiton Group, Cathy Oil and Gas Ltd., China United Coalbed Methane Corp., Constellation Energy Group, Devon Energy Corp., Double Eagle Petroleum Co., Encana Corp., Essar Energy Plc, Gazprom Oao, GDF Suez S.A., Halliburton Co., Mitsubishi Corp., Penn Virginia Corp., Osaka Gas Co. Ltd., Sinopec Ltd, Storm Cat Energy Corp., Strait Oil & Gas Ltd., Tlou Energy, Total S.A., and Warren Resources Inc.
Commenting on the report, an analyst from the team said: Over the years, there has been a tremendous increase in the technological advancements that have led to the increase in extraction of unconventional gas from reservoirs. The technological advancements include unlocking the potential of unconventional gas, managing produced water, development and determination of gas, well log interpretation, and the development of well simulation models. Also, the market vendors are increasing their investments in R&D, which in turn is reducing the time and cost for horizontal drilling. Moreover, the overall volume of production, cost, and risk has significantly reduced due to the rapid technological advancements in the industry. Therefore, the rapid technological advancements are one of the key trends that are expected to propel the growth of the Global Unconventional Gas market during the forecast period.
For more information visit http://www.researchandmarkets.com/research/lx8pbs/global.
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