Oil & Gas in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the United Kingdom oil & gas market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The oil and gas market volume is defined as the total consumption (barrels of oil equivalent) of refined petroleum products and natural gas by end-users in each country.
The UK oil & gas market had total revenues of $26.4bn in 2016, representing a compound annual rate of change (CARC) of -19.8% between 2012 and 2016.
Market consumption volume increased with a compound annual growth rate (CAGR) of 0.2% between 2012 and 2016, to reach a total of 1,046.5 million BOE in 2016.
The North Sea oil and gas industry, which is the primary region of oil and gas production in the UK, has suffered extensively in recent years, costing the UK tax payer £312m in 2016. This has been blamed on a number of reasons including the steep fall in crude oil prices as well as a gradual decline in production levels, with production levels declining by around 10% between 2010/11 and 2016/17. This coupled with high operating costs has made life difficult for the UK oil and gas market. Nevertheless a slight surge in oil prices in recent months will alleviate the situation somewhat in the coming months and years.
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Leading company profiles reveal details of key oil & gas market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom oil & gas market with five year forecasts by both value and volume
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What was the size of the United Kingdom oil & gas market by value in 2016?
What will be the size of the United Kingdom oil & gas market in 2021?
What factors are affecting the strength of competition in the United Kingdom oil & gas market?
How has the market performed over the last five years?
What are the main segments that make up the United Kingdom's oil & gas market?