Global Oil & Gas Exploration & Production - Industry Market Research Report

Global Oil & Gas Exploration & Production - Industry Market Research Report

  • February 2020 •
  • 34 pages •
  • Report ID: 4248883 •
  • Format: PDF
Abstract

Global Oil & Gas Exploration & Production
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves throughout the world. Over the five years to 2019, the prices of crude oil and natural gas have fluctuated violently despite steady growth in production, and this has caused wild revenue fluctuations. Previous to the reporting period, continued growth in emerging markets, especially large developing nations such as China and India, boosted demand for petroleum products and energy. In addition, high prices prompted operators to expand production at more expensive, sites that are less cost effective at lower price points. While growth in alternative energy sources presents a long-term threat to the industry, expanded demand from emerging markets for traditional products should outweigh this threat, and the viability of many of these alternative sources of fuel is not yet at a scale sufficient to significantly damage the industry.

Operators in the Global Oil and Gas Exploration and Production industry explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids. Transport, refining and marketing activities are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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