The report, now available on ASDReports, recognizes the following companies as the key players in the global shale oil market: BP, Chevron, ConocoPhillips, Exxon Mobil, Royal Dutch Shell, and Statoil.
Commenting on the report, an analyst said: “One trend in the market is supercritical carbon dioxide in shale oil fracking. Hydraulic fracturing or fracking process uses gallons of water and chemicals for opening the pores of the rock formation. However, non-aqueous fracking fluids such as supercritical carbon dioxide have been increasingly adopted as a replacement of water in the fracking process.”
According to the report, one driver in the market is increasing consumption of oil and natural gas. With the rising industrialization and urbanization, the consumption of oil and gas has increased considerably over the last few years. According to this research report on the shale oil market, this increased consumption of crude oil and gas across different end-user segments will be one of the key factors fueling the market’s growth during the next few years.
Further, the report states that one challenge in the market is uncertainties associated with low crude oil prices. The oil and gas industry depend vastly on the commodity prices. Any fluctuation in the crude oil prices defines the performance of the 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.
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Source: ASDReports - Market Research
Date: May 21, 2018