Global Crude Oil Pipelines Market 2016-2020
About Crude Oil
The crude oil processing cycle involves many stages to locate, develop, produce, and utilize the oil found underground. The overall petroleum value chain, based on these activities, is divided into the following broad segments:
Technavio Announces the Publication of its Research Report – Global Crude Oil Pipeline Market 2016-2020
Technavio recognizes the following companies as the key players in the global crude oil pipeline market: ABB, GE Oil & Gas, Saipem, Technip, Kinder Morgan, and Shell.
Other Prominent Vendors in the market are: Bharat Petroleum, BP, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, Saudi Aramco, Sunoco, Valero Energy, Aker Solutions, Bechtel, Daewoo Engineering & Construction, Hyundai Heavy Engineering, Mott Macdonald, Tecnicas Reunidas, Worley Parson, Emerson Process Management , FMC Technologies, Huawei Technologies, Infosys, Rockwell Automation, SAP, Schneider Electric, WIPRO, Yokogawa Electric, and ZTE.
Commenting on the report, an analyst from Technavio’s team said: “Increased transportation of oil sands/ultra-heavy oil will be a key trend for market growth. An outcome of the rise in deepwater and ultra-deepwater operations in the shifting avenues of oil and gas production is the role played by the unconventional sources of hydrocarbons such as oil sands. Oil sands can be defined as unconsolidated sand formations that are held together by a pore-filling bitumen reserve. In the conventional state, the bitumen is highly viscous that prevents it from flowing into a wellbore. With the development of technologies, such as steam-assisted gravity displacement developed over the years, the onus currently lies with the pipeline stakeholders to develop and enhance technologies that aid in the efficient transportation of products.”
According to the report, in the present era of fossil fuels, the oil reserves are facing a threat of depletion. This has not only inflated the costs of hydrocarbon acquisition but also displaced the operations geographically. The major hydrocarbon-rich regions around the world were identified in the early 20th century, and most operations were based out of these areas for the next century or so. However, things have started to change significantly now, and the exploration and production (E&P) companies have started to look at unconventional avenues for exploration. In reference to the current global crude oil pipeline market, the advent of this particular trend is expected to be a key driver that is critical for the development and propagation of the market dynamics in the future.
Further, the report states that for any industry that relies on the presence of physical infrastructure for monetizing the products, safety is of prime importance. One of the reasons that make the crude oil pipelines particularly vulnerable is the presence of thousands of miles of unattended infrastructure combined with the high value associated with them. This makes them a particular target for a multitude of sabotage and terrorist activities. The security aspects of crude oil pipelines pose a significant challenge to the pipeline operators and other stakeholders.
ABB, GE Oil & Gas, Saipem, Technip, Kinder Morgan, Shell, Bharat Petroleum, BP, Cairn, Caspian Pipeline Consortium, China National Petroleum, Inter Pipeline, MOL, Saudi Aramco, Sunoco, Valero Energy, Aker Solutions, Bechtel, Daewoo Engineering & Construction, Hyundai Heavy Engineering, Mott Macdonald, Tecnicas Reunidas, Worley Parson, Emerson Process Management , FMC Technologies, Huawei Technologies, Infosys, Rockwell Automation, SAP, Schneider Electric, WIPRO, Yokogawa Electric, and ZTE.
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