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Global Oil and Gas Storage Market 2017-2021

Global Oil and Gas Storage Market 2017-2021

About Oil and Gas Storage

Oil and gas storage refers to the mechanisms employed for the safe storage of crude oil, natural gas, and other petroleum products and comprehensively includes large tanks, underground and above ground storage facilities, and sea tankers. Crude oil and natural gas (NG) are naturally occurring resources found in geological formations beneath the earth's surface.

Technavio’s analysts forecast the global oil and gas storage market to grow at a CAGR of 2.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global oil and gas storage market for 2017-2021. To calculate the market size, the report considers new oil and gas storage capacities such as oil storage tankers, oil storage fleets, terminals and excludes retrofit/ replacement/ aftermarket.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Oil and Gas Storage Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Amec Foster Wheeler
  • Magellan Midstream Partners
  • Royal Vopak
  • TechnipFMC
  • Vitol
  • WorleyParsons
Other prominent vendors
  • Blueknight Energy Partners
  • Buckeye Partners
  • Centrica
  • Chiyoda
  • CIM-CCMP
  • CLH
  • DaLian Port (PDA) Company
  • HORIZON TERMINALS
  • Kinder Morgan
  • NuStar Energy
  • Odfjell
  • Oiltanking
  • Ramboll
Market driver
  • Decline in crude oil prices
  • For a full, detailed list, view our report
Market challenge
  • Threat of theft and technical challenges related to storage systems
  • For a full, detailed list, view our report
Market trend
  • Solidified natural gas technology for natural gas storage
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Oil and Gas Storage Market 2017-2021

Technavio recognizes the following companies as the key players in the global oil and gas storage market: Amec Foster Wheeler, Magellan Midstream Partners, Royal Vopak, TechnipFMC, Vitol, and WorleyParsons.

Other Prominent Vendors in the market are: Blueknight Energy Partners, Buckeye Partners, Centrica, Chiyoda, CIM-CCMP, CLH, DaLian Port (PDA) Company, HORIZON TERMINALS, Kinder Morgan, NuStar Energy, Odfjell, Oiltanking, and Ramboll.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is solidified natural gas technology for natural gas storage. Natural gas is most commonly stored in underground facilities under pressure. These facilities are depleted aquifers, salt caverns and oil or gas fields or both. In above ground facilities, natural gas is stored in gas or liquid form.”

According to the report, one driver in the market is decline in crude oil prices. Petroleum fuel is the most traded commodity in the world. Private trading companies have a presence in various international and local energy trading hubs and exchanges. They bring the buyer and supplier of crude oil and natural gas together and effect a sale. The market for crude oil is unstable, and its pricing is hard to predict due to its complex value chain and supply chain.

Further, the report states that one challenge in the market is threat of theft and technical challenges related to storage systems. Crude oil and natural gas are stored in large tanks in tank farms. Crude oil and petroleum products are usually stored in circular floating roof tanks whereas natural gas and liquefied petroleum gas (LPG) are stored in spherical tanks. LNG is stable under atmospheric pressure and hence, can be stored in circular or spherical tanks.

Amec Foster Wheeler, Magellan Midstream Partners, Royal Vopak, TechnipFMC, Vitol, WorleyParsons, Blueknight Energy Partners, Buckeye Partners, Centrica, Chiyoda, CIM-CCMP, CLH, DaLian Port (PDA) Company, HORIZON TERMINALS, Kinder Morgan, NuStar Energy, Odfjell, Oiltanking, and Ramboll.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global oil and gas storage market: Segmentation
    • Market size and forecast
      • Table Global oil and gas storage market 2016-2021 (btoe)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Global oil and gas market by geography
      • Table Global oil and gas market by geography 2016 and 2021 (%)
      • Table Global oil and gas market by geography 2016-2021 (btoe)
    • Oil and gas storage market in Americas
      • Table Oil and gas storage market in Americas 2016-2021 (btoe)
      • Table Global rig count 2014-2017
    • Oil and gas storage market in APAC
      • Table Oil and gas storage market in APAC 2016-2021 (btoe)
    • Oil and gas storage market in EMEA
      • Table Oil and gas storage market in EMEA 2016-2021 (btoe)
  • Market segmentation by product type
    • Global oil and gas storage market by product type
      • Table Global oil and gas market by product type 2016 and 2021 (%)
      • Table Global oil and gas storage market by product type 2016-2021 (btoe)
    • Global oil and gas storage market by oil
      • Table Global oil and gas storage market by oil 2016-2021 (btoe)
    • Global oil and gas storage market by natural gas
      • Table Global oil and gas storage market by natural gas 2016-2021 (btoe)
  • Market segmentation by storage type
    • Global oil and gas market by storage type
      • Table Global oil and gas storage market by storage type 2016 and 2021 (%)
      • Table Global oil and gas storage market by storage type 2016-2021 (btoe)
    • Global oil and gas market by underground storage
      • Table Global oil and gas storage market by underground storage 2016-2021 (btoe)
    • Global oil and gas market by above ground storage
      • Table Global oil and gas storage market by above ground storage 2016-2021 (btoe)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global crude oil price volatility 2007-2016 ($ per barrel)
      • Table Global power generation capacity by natural gas fuel 2016-2031 (GW)
      • Table Global LNG trade 2005-2015 (MTPA)
    • Market challenges
  • Market trends
    • Solidified natural gas technology for natural gas storage
    • Use of satellite imagery to quantify storage tanks
    • Growing alternative fuels for greener shipping
      • Table LNG fuel compliance with emission regulations
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors: Global oil and gas storage market (Indicative list)
  • Key vendor analysis
    • Amec Foster Wheeler
      • Table Amec Foster Wheeler: Key news
    • Magellan Midstream Partners
      • Table Magellan Midstream Partners: Key news
    • Royal Vopak
      • Table Royal Vopak: Key news
    • TechnipFMC
      • Table TechnipFMC: Key news
    • Vitol
      • Table Vitol: Key news
    • WorleyParsons
  • Appendix
    • List of abbreviations
  • Explore Technavio

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