Overview

Exploring new horizons: Large-scale LNG production and exports will boost revenue

IBISWorld’s Oil and Gas Extraction market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry output has expanded while world oil and natural gas prices have declined
  • Industry revenue has declined due to large pricing falls for oil and gas
  • Rising output is projected to support industry revenue growth over the next five years

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    Industry Analysis & Industry Trends

    The performance of the Oil and Gas Extraction industry is influenced by fluctuations in oil and gas prices, exchange rate movements, domestic and export demand for oil and gas, and annual production volumes. Industry output has expanded over the past five years, while world oil and natural gas prices have declined. Industry output, as measured by barrels of oil equivalent (BOE), is expected to increase at an annualised 7.6% over the five years through 2016-17. However, industry revenue is expected to decrease on large price falls, dropping by an annualised 4.6% over the five-year period, to $34.0 billion. Despite this, industry revenue is expected to increase by 25.2% in 2016-17, and output by 17.6%...

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    Industry Report - Industry Products Chapter

    The industry's main products are crude oil (including condensate) and natural gas. Natural gas is produced conventionally from gas fields and unconventionally using a range of new technologies. Natural gas is also processed to yield liquefied natural gas (LNG). Other industry products are liquefied petroleum gas (LPG), coal seam gas (CSG), and shale oil and gas. The industry's conventional and unconventional gas resources are treated as separate product categories as they have different growth, cost and risk profiles according to the technology used. However, these commodities are often traded on the same markets once they are extracted.

    Extraction and processing technologies are applied according to the permeability of the rocks in which oil and gas resources are found. Hig..

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    Additional Insights for the Oil and Gas Extraction Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Oil and Gas Extraction Industry are

  • Output is sold under contract - incorporate long-term sales contracts
  • Downstream ownership links
  • Availability of resources
  • IBISWorld analysts also discuss how external factors such as World price of natural gas and World price of crude oil in the Oil and Gas Extraction industry impact industry performance..

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    Industry Products

    What is the Oil and Gas Extraction Industry?

    Industry firms mainly produce crude oil, natural gas or condensate by extracting oil and gas deposits. These companies may also treat natural gas to produce purified natural gas or liquefied hydrocarbon gases, or operate natural gas absorption or separation plants. Some industry firms also produce liquefied natural gas and liquefied petroleum gas.

    Industry Products
    Crude oil and condensate
    Liquefied petroleum gas
    Coal seam gas
    Natural gas
    Shale oil and gas
    Industry Activities
    Crude oil mining
    Oil shale mining
    Natural gas extraction
    Petroleum gas extraction
    Coal seam gas mining
    Liquefied natural gas (LNG) production
    Liquefied petroleum gas (LPG) production

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • World price of natural gas
  • World price of crude oil
  • Demand from gas supply
  • US dollars per Australian dollar
  • year bond rate
  • Demand from petroleum exploration

  • Current Performance
  • Revenue and profit
  • Strong LNG growth
  • Unconventional resources
  • Oil production and imports
  • Chart: Revenue Growth

  • Industry Outlook
  • World prices and profit
  • LNG export growth
  • Industry challenges
  • Table: Oil and Gas Extraction Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Oil and Gas Extraction Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Petroleum Refining and Petroleum Fuel Manufacturing
  • Gas Supply
  • Fossil Fuel Electricity Generation

  • Key Selling Industries
  • Mining Support Services
  • Petroleum Exploration
  • Pipeline Transport

  • Products & Services
  • Natural gas
  • Crude oil and condensate
  • Coal seam gas
  • Liquefied petroleum gas
  • Shale oil and gas
  • Chart: Oil and Gas Extraction Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • LNG export markets
  • Crude oil export markets
  • Domestic petroleum refineries
  • Domestic gas industries
  • Domestic LPG markets
  • LPG export markets
  • Chart: Major Market Segmentation for the Oil and Gas Extraction Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Depreciation
  • Royalties
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Oil and Gas Extraction

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Oil and Gas Extraction Industry

  • Industry Globalization
    Major Companies
    Woodside Petroleum LtdBHP Billiton LimitedChevron Australia Holdings Pty LtdExxonMobil Australia Pty LtdSantos LtdShell Energy Holdings Australia Limited
  • Table: Woodside Petroleum Ltd - financial performance
  • Table: BHP Billiton Limited - financial performance
  • Table: Chevron Australia Holdings Pty Ltd - financial performance
  • Table: ExxonMobil Australia Pty Ltd - financial performance
  • Table: Santos Ltd - financial performance
  • Table: Shell Energy Holdings Australia Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Oil and Gas Extraction Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Oil and Gas Extraction Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Production Volume BOE (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Barrels Of Oil Equivalent (Boe)
  • An energy unit approximating the energy released from burning one barrel of crude oil (about 160 litres).
  • Condensate
  • A type of light crude oil that forms into a liquid from its gas state after being released from high-pressure wells.
  • Liquefied Natural Gas (Lng)
  • Formed by cooling natural gas to a very low temperature, at which point it becomes liquid.
  • Liquefied Petroleum Gas (Lpg)
  • Consists of naturally occurring propane and other gas kept under pressure to maintain it in a liquid state.
  • Natural Gas
  • Naturally occurring gases consisting primarily of methane, but also including small amounts of heavier hydrocarbons such as propane and butane.
  • Oilfield
  • An underground or undersea deposit of oil contained within a stable geological formation.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Oil and Gas Extraction:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Oil and Gas Extraction market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Oil and Gas Extraction, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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