Industry Analysis & Industry Trends
The escalation of activity in the Oil and Gas Field Services industry over the past five years has been driven by unprecedented investment into the development of gas extraction and liquefied natural gas (LNG) production facilities. Multibillion-dollar LNG developments are currently under construction and will soon become operational in Queensland, northern Western Australia, and the Northern Territory. This investment has been driven by the strong global demand for energy sources and technological advancements in natural gas extraction, liquefaction and long-distance transport.
The industry is currently working on projects with a delivery value exceeding $175 billion, due for completion between 2015 and 2017. As a result, industry revenue is expected to grow by a huge 56.8%... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry into the industry are considered to be moderate. However, the presence of the four major players, which have established contracts and relationships with major oil and gas companies, increases the difficulty of entry. Entrants will not be able to compete with the scope of services these major companies provide and must specialise in other value added services such as consulting and project management.
The growing technical complexity in the areas of major industry expansion, notably coal seam gas (CSG) extraction and LNG facilities, may limit the opportunity for new competitors to enter these lucrative markets... purchase to read more