Crude Oil And Natural Gas Market Global Briefing 2018

Published - January 2018| Code - MKB037B| Affiliate - TBRC (Publisher)

Report Highlights

Including: Crude Oil, Natural Gas

Covering: Saudi Aramco, Kuwait Petroleum Corp., Rosneft, ADNOC, Iraq Ministry of Oil, National Iranian Oil Company, Exxon Mobil Corp., Statoil, Royal Dutch Shell, BP Plc

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Data

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Market Numbers

Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.

Competitor Market Share Data

The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.

Analysis

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Verification Through Expert Interviews

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Referencing

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Note on Currency Conversions –

All currency conversions are done on the basis of 2015 exchange rates.

The crude oil and natural gas extraction industry comprises establishments engaged in crude petroleum and natural gas extraction and natural gas liquid extraction. The crude oil and natural gas market in this report is segmented into crude oil extraction and natural gas extraction.

Asia Pacific was the largest region in the crude oil & natural gas market in 2017, accounting for around 34% market share. North America was the second largest region accounting for around 24% market share. Africa was the smallest region accounting for around 4% market share. 

Crude Oil And Natural Gas extraction companies around the world are investing heavily in digital oilfield technology to enhance crude oil and natural 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. According to IHS CERA, digital oilfield implementation leads to increase in oil production by 2 to 8%and reduction in operating expense by 5 to 25%.

  • Table 1 : Global Crude Oil And Natural Gas Market, Historic Market Size, 2013 – 2017
  • Table 2 : Global Crude Oil And Natural Gas Market, Forecast Market Size, 2017 – 2021
  • Table 3 : Global Crude Oil And Natural Gas Market, Split By Region, 2017
  • Table 4 : Global Crude Oil And Natural Gas Market, Historic And Forecast Growth Rate, By Region, 2013-2020
  • Table 5 : Global Crude Oil And Natural Gas Market, Split By Country, 2017
  • Table 6 : Global Crude Oil And Natural Gas Market, Historic And Forecast Growth Rate, By Country, 2013-2021
  • Table 7 : Global Crude Oil And Natural Gas Market, Key Competitor Estimated Market Shares, 2017
  • Figure 1 : Global Crude Oil And Natural Gas Market, Historic Market Size, 2013 – 2017
  • Figure 2 : Global Crude Oil And Natural Gas Market, Forecast Market Size, 2017 – 2021
  • Figure 3 : Global Crude Oil And Natural Gas Market, Split By Region, 2017
  • Figure 4 : Global Crude Oil And Natural Gas Market, Historic And Forecast Growth Rate, By Region, 2013-2021
  • Figure 5 : Global Crude Oil And Natural Gas Market, Split By Country, 2017
  • Figure 6 : Global Crude Oil And Natural Gas Market, Historic And Forecast Growth Rate, By Country, 2013-2021
  • Figure 7 : Global Crude Oil And Natural Gas Market, Key Competitor Estimated Market Shares, 2017

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