Global Oil and Gas Storage Service Market 2016-2020

  • ID: 3976108
  • Report
  • Region: Global
  • 68 pages
  • TechNavio
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FEATURED COMPANIES

  • Buckeye Partners
  • CIM-CCMP Group
  • CLH Group
  • Dailan Port Company
  • Horizon Terminals Limited
  • Kinder Morgan
  • MORE
About Oil and Gas Storage Service

Storage tank services are responsible for over 70% of the revenue in the market and include containers that hold liquids, compressed gases, or mediums used for short- or long-term storage. Typically, these tanks operate under no or very little pressure and can be spherical or cylindrical in shape. Based upon location and requirement, storage tanks come in varieties such as crude oil tankages, product and intermediate storage tankages, dispatch area tankages, and minitanks near production units of a refinery.

Analysts forecast the global oil and gas storage service market to grow at a CAGR of 2.2% during the period 2016-2020.

Covered in this report:
The report covers the present scenario and the growth prospects of the global oil and gas storage service market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed profiling of the key market participants across the value chain of the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

Global Oil and Gas Storage Service Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Royal Vopak
- Oiltanking
- Magellan Midstream Partners
- Buckeye Partners
- Vitol

Other prominent vendors
- Blueknight Energy Partners
- CIM-CCMP Group
- CLH Group
- Dailan Port Company
- Horizon Terminals Limited
- International-Matex Tank Terminals (IMTT)
- Kinder Morgan
- NuStar Energy
- Odfjell

Market drivers
- Geographical diversification of crude oil markets.
- For a full, detailed list, view the full report

Market challenges
- High operational costs and strategic locations for oil terminals.
- For a full, detailed list, view the full report

Market trends
- Shift toward independent oil and gas storage service companies.
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Buckeye Partners
  • CIM-CCMP Group
  • CLH Group
  • Dailan Port Company
  • Horizon Terminals Limited
  • Kinder Morgan
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by service type
  • Global oil and gas storage services market by service type
  • Storage services
  • Ancillary services
  • Other services
Part 07: Geographical segmentation
  • Global oil and gas storage service market by geography
  • Oil and gas storage market in Americas
  • Oil and gas storage market in EMEA
  • Oil and gas storage market in APAC
Part 08: Market drivers
  • Geographical diversification of crude oil markets
  • Delay in oil and gas pipeline projects
  • High demand for oil and oil products
Part 09: Impact of drivers

Part 10: Market challenges
  • Investment justification in era of uncertain oil prices
  • High injury rates and vulnerability to natural phenomena
  • High operational cost and strategic locations for oil terminals
Part 11: Impact of drivers and challenges

Part 12: Market trends
  • Increased encounters of hostile operational conditions
  • Shift toward independent oil and gas storage service companies
  • Demand and supply moving from west to east
Part 13: Vendor landscape
  • Competitive scenario
  • Royal Vopak
  • Oiltanking
  • Magellan Midstream
Partners
  • Buckeye
Partners
  • Vitol Group
  • Other prominent vendors
Part 14: Appendix
  • List of abbreviations
Part 15: About the Author

List of Exhibits
Exhibit 01: Countries covered in different geographies
Exhibit 02: World primary energy demand forecast (in mboe/d)
Exhibit 03: Expected percentage share of source of energy 2020
Exhibit 04: Examples of various company types
Exhibit 05: Historic and forecasted crude oil price 2012-2020 ($ per barrel)
Exhibit 06: Global oil and gas storage service market ($ billions)
Exhibit 07: Expected occupancy rate of oil storage companies 2016-2020
Exhibit 08: Five forces analysis
Exhibit 09: Growth rate of global oil and gas storage service market by service type 2016-2020
Exhibit 10: Percentage share by service type in global oil and gas storage service market 2016-2020
Exhibit 11: Global oil storage service market and growth rate 2015-2020 ($ billions)
Exhibit 12: Global ancillary service market and growth rate 2015-2020 ($ millions)
Exhibit 13: Global other services market and growth rate 2015-2020 ($ billions)
Exhibit 14: Growth rate of global oil and gas storage service market by geography 2016-2020
Exhibit 15: Percentage share by region in global oil and gas storage service market 2016-2020
Exhibit 16: Oil and gas storage service market in Americas 2015-2020 ($ billions)
Exhibit 17: Opportunities and challenges in Americas for oil and gas storage service market
Exhibit 18: Oil and gas storage service market in EMEA 2015-2020 ($ billions)
Exhibit 19: Major opportunities and challenges in EMEA for oil and gas storage service market
Exhibit 20: GDP growth rate of Europe's top 10 growing economies 2015 (annual growth rate)
Exhibit 21: Oil and gas storage service market in APAC 2015-2020 ($ billions)
Exhibit 22: Opportunities and challenges in APAC for oil and gas storage service market
Exhibit 23: GDP annual growth rate of leading countries in APAC
Exhibit 24: Shifting base of hydrocarbon exploration
Exhibit 25: Oil demand from various sectors (in mboe/d)
Exhibit 26: Number of passenger cars 2014, 2015, and 2020 (millions of units)
Exhibit 27: Number of commercial vehicles 2014, 2015, and 2020 (millions of units)
Exhibit 28: Impact of drivers
Exhibit 29: Global crude oil price 2007-2016 ($/bbl)
Exhibit 30: Comparison of profits at different crude prices (in $/barrel of crude oil)
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Major factor responsible for increasing demand for oil and gas in APAC
Exhibit 33: GDP growth rate of different country groups 2005-2015 (annual %)
Exhibit 34: Oil demand growth by region 2015-2035
Exhibit 35: Royal Vopak: Storage capacity including joint ventures 2009-2015 (million cbm)
Exhibit 36: Storage capacity per division 2015 (% share)
Exhibit 37: Percentage share of EBITDA per division 2015
Exhibit 38: Total storage capacity (million cbm)
Exhibit 39: Crude oil and oil products on a deliver basis (million metric tons)
Exhibit 40: Products breakup (% share of revenue)
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FEATURED COMPANIES

  • Buckeye Partners
  • CIM-CCMP Group
  • CLH Group
  • Dailan Port Company
  • Horizon Terminals Limited
  • Kinder Morgan
  • MORE
Global Oil and Gas Storage Service Market 2016-2020

The following companies are key players in the global oil and gas storage service market: Royal Vopak, Oiltanking, Magellan Midstream Partners, Buckeye Partners, and Vitol.

Other prominent vendors in the market are: Blueknight Energy Partners, CIM-CCMP Group, CLH Group, Dailan Port Company, Horizon Terminals Limited, International-Matex Tank Terminals (IMTT), Kinder Morgan, NuStar Energy, and Odfjell.

Commenting on the report, an analyst said: “One of latest trends in the market is rise in deep water and ultra-deep water operations. With the conventional avenues of oil and gas reserves already seeing a certain end, the dependence of the global economy on fossil fuels is pushing the upstream oil and gas sector to the geographical ends of the globe. The most significant of these, which cements the aforementioned trend, is the increased reliance on deep water and ultra-deep water drilling and production operations. The frequency of these operations, marked by significantly hostile operating conditions, is only expected to increase manifold in the coming decade. This puts the significant question on the technological capabilities of the oil and gas storage industry to adapt and successfully operate in these conditions.”

According to the report, one of the primary drivers in the market is geographical diversification of crude oil markets. One of the most obvious outcomes of the present era of fossil fuel is that the era of easy oil is coming to an end. This has resulted not only in inflated costs of hydrocarbon acquisition but also displaced the operations geographically. Much of the past century was witness to drilling operations being carried out at established locations in the world. The major hydrocarbon rich regions around the globe were identified in the early 20th century, and most operations were based out of these areas for the next century or so. However, things have started to change significantly now, and exploration and production (E&P) companies have started to look at unconventional avenues for exploration.

Further, the report states that one major challenge in the market is high operational cost and strategic locations for oil terminals. With an increase in demand for value-added services (VAS) and specialized professional supply chain solutions in the oil and gas storage service market, the oil and gas industry is becoming highly competitive in terms of pricing of services. Vendors in the market are under sustained pressure from customers to keep prices low. While these providers have made profits from fixed-term long contracts with customers, volatility of fuel prices has decreased profitability. Customers are demanding lower rates while renewing contracts. Independent oil storage company's customers are demanding additional services at the same price; thus, companies are facing pressure in pricing their services.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Royal Vopak
  • Oiltanking
  • Magellan Midstream Partners
  • Buckeye Partners
  • Vitol
  • Blueknight Energy Partners
  • CIM-CCMP Group
  • CLH Group
  • Dailan Port Company
  • Horizon Terminals Limited
  • International-Matex Tank Terminals (IMTT)
  • Kinder Morgan
  • NuStar Energy
  • Odfjell
Note: Product cover images may vary from those shown
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