Global Onshore Oil and Gas Market 2015-2019
About Onshore Oil and Gas
Increased demand for energy worldwide has put an ever-increasing pressure on onshore oil and gas exploration and production activities. Growth in industrialization along with a rapid increase in population has led to a rise in global oil and gas consumption. Technologically advanced techniques to enhance the reservoir recovery are helping in mitigating increased demand for oil and gas by increasing the production from browning oil fields and unconventional oil and gas recovery.
TechNavio's analysts forecast the Global Onshore Oil and Gas market to grow at a CAGR of 0.8 percent and 0.2 percent for oil and gas, respectively, over the period 2014-2019.
Covered in this Report
TechNavio's report, Global Onshore Oil and Gas Market 2014-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Onshore Oil and Gas market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Onshore Oil and Gas Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Onshore Oil and Gas Market: BP plc, Chevron Corp., ExxonMobil Corp., Royal Dutch Shell plc and Total SA.
Other Prominent Vendors in the market are: ConocoPhillips, Eni, Petrobras and Statoil.
Commenting on the report, an analyst from TechNavio’s team said: “Advances in technology in onshore oil and gas production is one of the majorv trends in this market as through improvements in production output, redeveloping existing oilfields, facilitating production from unconventional resources such as shale formations, and enhancing well management. Advances in drilling techniques, the development and determination of reserves, well log interpretation, the development of well simulation models, and intelligent well completion technology will significantly increase the onshore production of oil and gas.”
According to the report, one of the major drivers of this market is the increased demand for oil and gas worldwide, which will encourage a substantial investment in E&P activities to meet this growing demand. The increased demand for oil and gas will drive substantial investment in state-of-the-art technology-enhanced oil recovery, thus ensuring high oil production.
Further, the report states that one of the main challenges confronting the market is the political instability in the Middle East, which affects investment in the region. This directly affects the capital returns and hinders the growth of the Global Onshore Oil and Gas market.
BP, Chevron , ExxonMobil , Royal Dutch Shel, Total , ConocoPhillips , Eni, Petrobras, Statoil
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook