|
|
 |
|
Viewing report
|
|
|
|
Strategic Assessment of the Oil and Gas Industry: Projections and Growth Scenarios
Frost & Sullivan, Dec 2010, Pages: 116
The oil and gas industry is being transformed by the technological developments needed to explore and develop reserve sites and refine liquid fuel. Still maintaining a dominant position in the energy sector, oil and gas will continue to satisfy the energy needs of the world for at least the next two decades without any resource crunch. The present research service assess the oil and gas industry along with the market projections and growth scenarios. Supported by identifying the drivers and restraints, as well as challenges, facing this industry.
Frost & Sullivan’s market research methodology provides strategic research to our clients to help them capitalize on market opportunities and gain a competitive advantage in the marketplace. Our analysts use primary research and secondary resources to define market sizes and create forecasts. Through this approach, each final measurement represents all those figures from a micro to macro level.
Primary Research
For the purpose of this study, Frost & Sullivan conducted telephone interviews with the
major players in each segment of the oil and gas industry. The interviews targeted chief executive officers, chief technical officers, business directors, marketing directors, and strategy leaders from various companies and institutions.
Secondary Research:
Frost & Sullivan conducted an extensive review of all available information.
Some of the sources used were:
- Frost & Sullivan past publications and internal databases
- Publications from trade press and associations
Forecast Methodology
Based on primary interviews, factors expected to drive and inhibit market revenues are identified. These market drivers and restraints are analyzed across a time frame encompassing a short term (one to two years), medium term (three to four years), and long term (five to six years). Forecasts are estimated by assigning weights to the drivers and restraints within the time frame. The time-frame analysis directly affects market forecasts, development of market strategies, and investment timing by industry participants. Finally, the forecasts are matched to the leading economic indicators and drivers for the industry.
Scope
- Market: Oil and gas—upstream, midstream and downstream segments.
- Base year: 2010.
- Forecast period: 2011-2017.
Key Segments
- Oil and gas industry assessment.
- Oil and gas industry: Focus areas.
- Market projections and growth scenarios.
- Implication and conclusion for the oil and gas industry: Strategy adoption.
Regions
This study considers the market trends across the major regions of the world:
- North America (NA), including Canada and the United States.
- Europe, Middle East, and Africa (EMEA), including western, central, and eastern Europe; Russia; the Middle East; and Africa.
- Asia Pacific, including the western rim of the Pacific Ocean, the Indochina peninsula, the Pacific Islands, and Central Asia.
- Rest-of-world includes Central America, South America, and Mexico.
Market Segments
- Upstream: This sector includes the exploration and production of oil and natural gas, by using cutting-edge geology to high-tech offshore drilling platforms.
- Midstream: This sector includes the process, storage, and transportation of oil and natural gas.
- Downstream: This sector includes the refining of crude oil and the selling and distribution of natural gas and products
derived from crude oil.
Overview
- Supply and demand, various geopolitical factors, and regional trends impacting the oil and gas industry require targeted opportunities to achieve strategic growth.
- The North American market is being shaped by new legislation, recent discoveries, and advances in technology.
Market Drivers
- Increase in energy demand: Global demand for energy is expected to increase. Most of this demand will come from developing economies in the long term and will be fulfilled by the oil and gas industry.
- High oil prices: High oil prices will enable investors to increase investments in the oil and gas industry.
- Technological advancements: Advancements in technology have helped develop unconventional resources. Most of the oil demand is being met by developing these unconventional reserves, which will drive the oil and gas industry in the medium term.
Market Restraints
- Decline in oil reserves: Declining oil reserves will limit the growth of the oil and gas industry worldwide. The dependence on oil will have to be reduced in the long term.
- Decrease in growth of industry sector: The past decade has seen tremendous growth in the service sector industries. The decrease in the energy-intensive industrial sector will be a negative sign for the oil and gas industry, which powers this sector.
- New regulations against carbon emissions: In the wake of the Copenhagen Climate Conference of 2009 and current regulations against carbon emissions worldwide, the oil and gas industry will face limited growth in the medium term.
Major Findings
- Developing countries are creating an increased demand for crude oil as they face double-digit economic growth.
- Emerging strategic partnerships and joint ventures have investments in new fields without considerable responsibilities for tax laws and geopolitical risks. This model has led to technology transfer in the developing countries, away from the highly competitive and regulated markets of North America.
- To avoid dependence on foreign oil, the United States maintains strategic oil reserves to meet uncertain situations such as hurricanes and wars. To reduce future dependence, legislation will support the use of natural gas and alternate renewable sources of energy.
- Companies are financing internal research and development programs to improve the technological abilities possessed by oil companies.
- The Asia Pacific region is changing its policies to encourage collaboration in emerging projects. Meanwhile, Latin America has vast reserves that are easily accessible to operators in North America.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
