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Oil Service Companies Are Set to Gain from Increasing Focus on Unconventional Resources
GlobalData, July 2011, Pages: 4
Oil Service Companies Are Set to Gain from Increasing Focus on Unconventional Resources
Summary
Driven by the robust economic development, oil and gas consumption worldwide has increased substantially over the past few decades. In 2010, global oil consumption was recorded at 4,028.1 million tons per annum (MMtpa) compared to 2,262.2 MMtpa in 1970; whereas gas consumption in 2010 was 306.6 billion cubic feet (bcf) compared to 95.5 bcf in 1970. With the rising energy consumption over the years, the oil and gas reserves are depleting at a rapid rate. It was estimated in 2007 that at the ongoing consumption rate, the proven reserves would be able to supply oil for the next 40 years and gas for the next 60 years.
Scope
- The report highlights the shifting focus of global oil and gas industry to unconventional resources.
- It further presents the impact of increasing focus of the industry to unconventional sources on the business of oil service companies.
Reasons to buy
- Stay informed about the latest developments in unconventional oil and gas sources worldwide.
- Develop business startegies based on the information on potential impact of hightened activities in unconventional sources on oil field service companies
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