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 Key Buyers Chapter
The Oil and Gas Field Services industry has a medium level of concentration, as the top four major players account for an estimated 59.4% of industry revenue in 2014-15. Bechtel Australia, which is responsible for engineering, procurement and construction management (EPCM) on four large LNG developments, is estimated to currently account for 26.7% of industry revenue. Leighton Holdings generates about 14.3% of industry revenue and has been involved in all major LNG and coal seam gas projects currently under construction. The sale of John Holland Group by Leighton Holdings in December 2014 is expected to partly dilute the level of industry concentration... purchase to read more