The oil and gas industry includes exploration, extraction,
drilling, refining, transportation of oil and gas. Oil and gas market in this
report is segmented into oil and gas upstream activities and oil and gas
downstream activities.
The upstream segment includes exploration, field development and
production operations. The downstream segment includes manufacturing, crude oil
refining and marketing of oil and gas products.
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The global oil and gas market has shown a decline in the past years
with a CAGR of over -13.4%. The year 2017 recorded a decline in the market with
a net value of $5300 billion as per TBRC’s in-house consultants.
TBRC’s latest report show the historic and future trends in the
market for each year with sourced reasons to support the growth claims.
The report also shows the global oil and gas market to grow at a
higher CAGR by 2021 as compared to 2017, along with geographies best suited for
investments with highest return rate.
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report:
Oil and gas extraction companies around the world are investing
heavily in digital oilfield technology to enhance oil and gas production.
Digital oil fields integrate advanced software, hardware, and data analysis
techniques to collect real-time data from the oilfield. They consist of
visualization, product surveillance, integrated decision making, and remote
communication systems. Digital technologies in oil fields include
high-performance drill bits, advanced electrical submersible pumps, and 3D
seismic imaging and reservoir modelling. Oilfields digitization facilitates
efficient utilization of human resources and thus optimizes the profitability
of oil production. This technology is changing the competitive landscape with a
fact that an increase in production efficiency by ten percentage points can
yield an impact of $220 million to $260 million on the bottom-line.
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TBRC’s latest report will cover in depth understanding and
calculated impacts of each market factor
on a global as well as regional level,
to analyze the best investment strategy for this market.
Companies included in the report are Saudi Aramco, Exxon Mobil
Corporation, Royal Dutch Shell, BP Plc, and Sinopec Limited.
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