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 Queensland, northern Western Australia, and the Northern Territory. 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 exceeding $175 billion, due for completion between 2015 and 2017. As a result, industry revenue is expected to grow by a huge 56.8%... 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 services, construction services, plant management services 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