The global frac sand market reached a value of US$ 7.27 Billion in 2020. Frac sand is a naturally occurring type of crystalline silica that is processed from pure sandstone. It is used as a proppant in the process of hydraulic fracturing, also known as fracking, employed widely by oil and gas companies to extract natural gas, petroleum and...
Unconventional (Oil and Gas) Production in the US Lower 48, H2 2020 Update Summary The next few years of oil and gas production growth in the United States will hinge on the discipline of operators with their capital budgets.Over the past 10 years operators have been focusing on production growth...
China’s demand for Oil and Gas Energy has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The global proppants market reached a value of US$ 7.8 Billion in 2020. Proppants are abrasive materials that are employed in the process of hydraulic fracturing, also known as fracking, to keep fissures open in shale rock. They assist in the extraction of oil and gas by forming a channel through which hydrocarbons can flow more freely. It’s...
The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% between 2020 to 2025. Proppants is treated sand or engineered ceramic material, which is used to keep fractures propped open after the fracturing treatment. Different types of proppants have different mechanical...
Major companies in the oil downstream products market include Royal Dutch Shell; Exxon Mobil Corporation; China Petroleum & Chemical Corporation; BP Plc and Chevron. The global oil downstream products market is expected to grow from $2042.01 billion in 2020 to $2534.61 billion in 2021 at a compound annual growth rate (CAGR) of 24.1%....
Marcellus and Utica Shales in the United States of America (USA) - Gas Shale Market Analysis and Outlook to 2021 Summary The Appalachia Basin which is made up of the Marcellus formations and the Utica Shale, accounted for more than 40% of the natural gas produced in the United States in 2020.Most...
The global cryogenic valves market is estimated to witness a healthy growth, at an estimated CAGR of over 4%, over the forecast period. The major factor driving the growth of the market studied is increasing demand for industrial gases. - Safety concerns regarding operation of liquefied gases are likely to hinder the markets growth. -...
Oman 2021 - Trends and Opportunities for Business in the Sultanate of Oman - MEED Insights Summary Over the past few years, there has been a significant escalation in project activity in Oman with several notable megaprojects completed such as the Duqm refinery, the new Muscat international airport,...
Global Oil and Gas Final Investment Decisions (FIDs) in 2021 Summary The onset of the COVID-19 pandemic in 2020 forced the postponement of many of the global Final Investment Decisions (FIDs) targeted across the oil and gas value chain last year, particularly in the case of capital-intensive projects.The...