The oil and gas industry includes exploration, extraction, drilling, refining, transportation of oil and gas. The global oil and gas value chain can be divided into three segments-upstream, midstream and downstream. The upstream segment includes exploration, field development and production operations. Transportation, processing, storage and distribution are part of midstream segment. The downstream segment includes manufacturing, crude oil refining and marketing of oil and gas products.
The largest geographic markets by consumption in the oil & gas market are Asia, the Americas and the Middle East and Africa. Asia was the largest region in the oil and gas market in 2016, accounting for around $1.5 trillion or more than 30% market share.
The oil and gas market went through a crisis in 2015 and 2016 with increased supply and slowing demand resulting in a dramatic drop in oil prices. The oil and gas industry has improved its technology or leveraged that of its service suppliers to match with the world's hydrocarbon demand. Many oil and gas companies have made use of digitization and robotics to increase production with limited investment . Oil and gas companies have also taken a holistic approach to technology, process management and organizational alignment.
Oil & Gas Market Characteristics 4
Oil & Gas Market Historic Growth 5
Drivers of the Market 6
Restraints on the Market 6
Oil & Gas Market Forecast 7
Drivers of the Market 8
Restraints on the Market 8
Oil & Gas Market Comparison With Other Markets 9
Oil & Gas Market Historic and Forecast Growth Comparison With Other Markets 11
Oil & Gas Market Segmentation 13
Oil and gas extraction & exploration 13
Drilling Oil and Gas Wells 13
Support activities for oil and gas operations 13
Oil & Gas Market Geography Split 14
Oil & Gas Market Competitors 16
Exxon Mobil 18
Royal Dutch Shell 19
Saudi Aramco 19
Oil & Gas Market Key Mergers and Acquisitions 20
Oil & Gas Market Trends and Strategies 21
Research Methodology 22
NAICS Definitions Of Industry Covered In This Report 22
Research Inquiries 23
The Business Research Company 23
Figure 1: Global Oil And Gas Market, Historic Market Size, 2012-2016, $ Billion 5
Figure 2: Global Oil And Gas Market, Forecast Market Size, 2016-2020, $ Billion 7
Figure 3: Global Oil & Gas Market Value, Comparison With Other Markets, 2016, $ Billion 9
Figure 4: Global Oil & Gas Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 11
Figure 5: Global Oil & Gas Market, Split By Segment, 2016, $ Billion 13
Figure 6: Global Oil & Gas Market, Split By Region, 2016, $ Billion 14
Figure 7: Global Oil & Gas Market, Key Competitor Market Shares, 2015, Percentage (%) 16
Table 1: Global Oil And Gas Market, Historic Market Size, 2012-2016, $ Billion 5
Table 2: Global Oil And Gas Market, Forecast Market Size, 2016-2020, $ Billion 7
Table 3: Global Oil & Gas Market Value, Comparison With Other Markets, 2016, $ Billion 10
Table 4: Global Oil & Gas Market, Historic and Forecast Growth Rate, Comparison With Other Industries, 2012-2020, Percentage (%) 12
Table 5: Global Oil & Gas Market, Split By Segment, 2016, $ Billion 13
Table 6: Global Oil & Gas Market, Split By Region, 2016, $ Billion 15
Table 7: Global Oil & Gas Market, Key Competitor Market Shares, 2015, Percentage (%) 16
Sinopec, PetroChina, ExxonMobil, Royal Dutch Shell, National Iranian Oil Company, Bp, Aramco, Total, Gazprom, Chevron
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