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 Analysis Chapter
The Oil and Gas Field Services industry is currently riding an unprecedented wave of investment into the construction of LNG facilities and coal seam gas extraction projects. This wave has seen industry revenue surge ninefold since the late 2000s. The industry has been well positioned to meet demand generated by the investment boom in conventional and unconventional gas projects. Additionally, the trend towards outsourcing operational and maintenance services has broadened the scope of industry activity.
Consolidation at the top end of the industry during the 1990s resulted in the industry being dominated by large-scale global mining support services companies, including Bechtel, Leighton Holdings, Downer EDI and WorleyParsons... purchase to read more