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 - Industry Products Chapter
The Oil and Gas Field Services industry provides a range of services to the oil and gas sector. These can be generally split into site preparation, construction services, plant management, maintenance and other services. The share of industry revenue derived from these service categories has changed dramatically in recent years, due to the shift in focus to meet the unprecedented demand for construction and site preparation services. Activity in these categories is projected to peak in 2014-15 and subside over the next five years.
Accelerated investment into the development of new gas extraction, liquefaction and transport facilities in recent years has greatly inflated the share of industry revenue derived from construction services... purchase to read more