Oil and Gas market global briefing provides strategists, marketers and senior management with the critical information they need to assess the global oil and gas sector.
Capturing The Value of Technology - The oil and gas industry has improved its technology or leveraged that of its service suppliers to match with the world's increasing hydrocarbon demand. Many oil and gas companies have made use of digitization, IoT and robotics to increase production with limited investment.
These technologies enabled oil and gas companies to substantially decrease production costs and increase production volumes. for instance, Shell saved about $1 million from its Nigerian operations by placing monitoring devices on its wellhead equipment to monitor operating conditions in the well, thus indicating the role of IT technologies to reduce production costs and increase production volumes.
The oil and gas industry includes exploration, extraction, drilling, refining, transportation of oil and gas. Oil and gas market in this report is segmented into oil and gas upstream activities and oil and gas downstream activities.
Asia Pacific was the largest region in the oil and gas market in 2017, accounting for around 34% of the market. This can be attributed to large consumer base and major economic development in countries such as India and China. North America was the second largest region accounting for around 22% of the market. Africa was the smallest region accounting for around 4% of the market. This was mainly due to the region's relatively underdeveloped economy leading to a lack to infrastructure and research and development.
- Markets Covered: Oil Downstream Activities, Oil & Gas Upstream Activities
- Time Series: Five years historic (2013-17) and forecast (2017-21).
- Data: Market value in $ billions.
- Data Segmentations: Regional breakdowns, market share of competitors, key sub segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Saudi Aramco
- Exxon Mobil Corp.
- Royal Dutch Shell
- BP Plc
- Sinopec Limited
- Total SA
- Kuwait Petroleum Corp.
- LUKOIL PJSC
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