Industry Analysis & Industry Trends
Unprecedented investment in gas extraction and liquefied natural gas (LNG) production facilities across northern Australia has supported record activity in the Oil and Gas Field Services industry over the past five years. Strong global demand for energy sources and technological advancements in natural gas extraction, liquefaction and long-distance transport have driven this investment.
Multi-billion dollar LNG developments under construction are currently nearing completion and will soon become operational in Queensland, northern Western Australia, and the Northern Territory. The industry is currently working on projects with a delivery value exceeding $175 billion, due for completion between 2015 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