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 the unprecedented investment into the development of gas extraction and LNG production facilities. Multi-billion dollar LNG developments are currently under construction and will soon become operational in northern Western Australia, the Northern Territory and at Curtis Island in Queensland. This investment was 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 of about $178.7 billion, due for completion between 2014 and 2017... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry for the Oil and Gas Field Services industry are considered to be at a moderate level. The significant 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