Over the past decade, emerging economies, particularly of the BRIC nations (Brazil, Russia, India and China), have driven demand for energy. Due to recovering demand and increasing petroleum prices, profit margins are also anticipated to have increased over the five years to 2015. In the coming years, industry employment is expected to increase, which will reflect both the rising production of oil and gas and the increased difficulty of extracting oil.
Industry operators explore for, develop and operate oil and gas fields. This industry includes the production of crude petroleum, the mining and extraction of oil from oil shale and oil sands, the production of natural gas, sulfur recovery from natural gas and the recovery of hydrocarbon liquids. Transport, refining and marketing activities are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.