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 northern Western Australia, the Northern Territory and Curtis Island in Queensland. 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 of about $178.7 billion, due for completion between 2014 and 2017... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Oil and Gas Field Services industry is currently enjoying an accelerated growth phase and greatly outperforming the total economy. However, this performance is related to major LNG developments which are fast approaching completion and the industry is expected to endure a sharp correction in activity over the next few years. The industry is expected to shift from construction of new production capacity to the supplier of a broad range of operational services, mainly on long-term contracts and involving a much smaller permanent workforce... purchase to read more