About Oil and Gas Storage Services Market
Oil and gas storage facilities are used to store the extracted and refined petroleum products. Products are either stored in underground or above-the-ground facilities. Tanks, empty salt caverns, and floating vessels are some of the commonly used storage facilities. The spend momentum of this market will be attributed to the increasing demand from power generation companies to leverage crude oil and natural gas to generate electricity.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Oil and Gas Storage Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Oil and Gas Storage Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Oil and gas storage facilities are used to store the extracted and refined petroleum products. Products are either stored in underground or above-the-ground facilities. Tanks, empty salt caverns, and floating vessels are some of the commonly used storage facilities. The spend momentum of this market will be attributed to the increasing demand from power generation companies to leverage crude oil and natural gas to generate electricity.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Oil and Gas Storage Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Oil and Gas Storage Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- Increase in investment by countries and oil majors to store oil
Category management strategy
- Buyers opting for co-mingled storage should seek assurance of non-intermingling of their products with other buyers of service providers
Procurement best practices
- Opt for service providers that have incorporated new and advanced technologies for tank farm monitoring and inspection
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Oil and Gas Storage Services Category - Procurement Market Intelligence Report: Marquard & Bahls AG, Koninklijke Vopak NV, The Vitol Group, Macquarie Group Ltd, Buckeye Partners LP, NuStar Energy LP.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to engage with service providers who comply with health and safety regulations.”
According to the report, one of the key growth contributors for the global oil and gas storage services market is the growing demand for energy and power generation.
Further, the report states that one of the key category management strategies for the buyers in the global oil and gas storage services market is to engage with service providers who provide a terminal with a minimum gross storage capacity that can meet their requirement.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- Marquard & Bahls AG
- Koninklijke Vopak NV
- The Vitol Group
- Macquarie Group Ltd
- Buckeye Partners LP
- NuStar Energy LP.
Methodology
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