This news is classified in: Traditional Energy Oil and Gas
May 16, 2018
The report, now available on ASDReports, recognizes the following companies as the key players in the global gas injected enhanced oil recovery market: BP, Chevron, Exxon Mobil, Halliburton, Royal Dutch Shell, and Schlumberger.
Commenting on the report, an analyst said: “One trend in the market is rising investments in shale industry. The shale industry is observing high investments, with financiers pouring in cash that enables producers to increase their output, especially in the US. Though investments in conventional crude oil are moderately slow, the International Energy Agency (IEA) estimates a rise in investments for the oil and gas industry by around 3%.”
According to the report, one driver in the market is rise in unconventional oil and gas resources. With the rising dependence of the oil and gas industry on crude oil to balance the global supply-demand scenario, the adoption of unconventional oil and gas resources obtained from shale formations and oil sands is on the rise.
Further, the report states that one challenge in the market is uncertainties associated with low crude oil prices. The oil and gas industry primarily depends on commodity prices. Any fluctuation in crude oil prices defines the performance of a majority of the upstream sector companies.
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.
Read more on ASDReports!
