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Market Research Report
Oil and Gas Storage and Transportation - Global Market Outlook (2017-2026) |
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| Published by | Stratistics Market Research Consulting | Product code | 641968 | ||||
| Published | Content info | 166 Pages Delivery time: 2-3 business days |
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| Oil and Gas Storage and Transportation - Global Market Outlook (2017-2026) | ||
| Published: February 18, 2018 | Content info: 166 Pages |
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Stratistics MRC, is pleased to announce this latest publication. Increasing oil and gas demand from developed economies, discovery of new oil and gas reserves, increasing exports and imports of oil & oil products are fuelling the industry. Increased regulatory environment, geo-political risk, health, safety and environmental risk, occasional oil spills, and human capital deficit are some of the challenges faced by the market. Few trends to be observed in the market are solidified natural gas technology for natural gas storage, spectacular rise in strategic petroleum reserves capacities, increased R&D activities on synthetic natural gas technology and institutional investors such as banks are eager to increase their investments in oil and gas storage facilities.
Based on product, Crude oil carriers are classed as either VLCCs (Very Large Crude Carriers) or ULCCs (Ultra Large Crude Carriers) and are designed to transport vast quantities of crude oil over many long and heavily traveled sea routes. The appropriate economies of scale depend on the area from which the oil is being shipped. In addition, "lightering," offloading or transferring oil from large tankers to smaller ones, a process which can move 1,000 barrels per hour is used so that the smaller vessels can enter smaller ports that the larger vessels cannot. As the demand is increasing for more crude oil and as more oil reserves are being discovered and developed in other areas such as the Caspian Basin, Latin America and the Middle East, the need for more tankers has grown. Drilling by conventional crude oil producers is expected to increase. Investments in tank storage can best be made in logistically optimal locations.
By Equipment, Marine infrastructure (Vessels & Platforms) includes direct capital investment in both new build vessels required to transport incremental production and specially designed marine loading and unloading facilities. The classes of marine vessels covered include tankers, oceangoing barges, and inland transport barges. The growth in capital investment in fit-forpurpose is particularly strong for dedicated NGL export facilities and liquefied natural gas (LNG) bunkering facilities to support marine vessel refueling.
North America is projected to be the major revenue generator with the increase in new onshore and offshore exploration and development in exploration activities in the Campos and Santos regions. Furthermore, with the increase in drilling activities in these areas also fuels the demand for oil and gas storage facilities. Asia Pacific and the Middle East are attributed to grow with a strong demand for crude oil by developing countries such as India and China, growth in income and a continuous increase in the demand of petroleum products is thus expected in the near future.
Some of the key players in Global Oil and Gas Storage and Transportation market are Royal Vopak, GDF SUEZ, Buckeye, Vitol Group, Amec Foster Wheeler, Magellan Midstream, WorleyParsons, Niska Gas Storage, Centrica, Chiyoda, CIM-CCMP, CLH (Compania Logistica de Hidrocarburos), DaLian Port (PDA) Company, HORIZON TERMINALS, TechnipFMC, NuStar Energy, Odfjell, Oiltanking and Ramboll.
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