Gas guzzling: Subdued oil and gas prices are prompting mergers and acquisitions

Firms in the Oil and Gas Extraction industry mainly supply crude oil for export markets, or natural gas for domestic industrial, commercial and residential users. All of New Zealand's oil and gas extraction takes place in the Taranaki Basin, in the Taranaki region. The industry's small size on a global scale and concentration in one geographic area makes it economical for a small number of firms to hold a large share of the market. As a result, the industry's major players, Todd Energy, OMV, Greymouth and Beach Energy, make up the majority of industry revenue.Over the past five years, the industry has been negatively affected by weak crude oil prices, particularly in 2015 and 2016, when oil prices fell sharply...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 14-19
-4.6%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
931
Businesses
49
Market Share of Companies

Industry Threats & Opportunities

  • The industry has been negatively affected by subdued crude oil prices over the past five years
  • The value of both imports and exports has declined due to falling oil prices
  • The industry is anticipated to enter a period of consolidation among the major players

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    Industry Report - Industry Key Buyers Chapter

    The Oil and Gas Extraction industry is highly concentrated. The four largest operators are estimated to make up 77.0% of industry revenue in 2018-19. Despite Shell's rapid decline in market share, other large industry firms have performed well and increased their market share over the past five years. Since increased activity and output from the Mangahewa gas field (wholly owned by Todd) began in 2014 and 2015 following expanded processing facilities, Todd has significantly increased its market share. Overall, industry market share concentration has increased slightly over the past five years, due to the exit of Shell over the two years through 2018-19...purchase to read more.

    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
  • Availability of resource
  • Must comply with government regulations

    • IBISWorld analysts also discuss how external factors such as World price of crude oil and US dollars per New Zealand dollar in the Oil and Gas Extraction industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Oil and Gas Extraction in New Zealand Industry?

    Industry players extract gas and oil from deposits to primarily produce crude oil or natural gas. The industry excludes firms that refine crude oil into petroleum-based products.

    Industry Products
  • Offshore gas
  • Onshore gas
  • Oil
    • Industry Activities
  • Crude oil extraction
  • Natural gas extraction
  • Petroleum gas extraction
    • 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 crude oil
  • US dollars per New Zealand dollar
  • World production of oil
  • Demand from fossil fuel electricity generation

    • Current Performance
  • Gas
  • Oil and trade
  • Profit and participation
  • Regulation

    and decline

  • Chart: Revenue Growth

    • Industry Outlook
  • Structure and divestment
  • Electricity generation
  • 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
  • Gas Supply in New Zealand
  • Petroleum Product Wholesaling in New Zealand
  • Fossil Fuel Electricity Generation in New Zealand

    • Key Selling Industries
  • Mining Support Services in New Zealand
  • Pipeline Transport in New Zealand

    • Products & Services
  • Offshore gas
  • Onshore gas
  • Oil
  • Chart: Oil and Gas Extraction Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Industrial users
  • Energy generators
  • Export markets
  • Other markets
  • Domestic transport operators
  • 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
  • Purchases
  • Depreciation
  • Royalties
  • 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

    Todd Corporation Limited, OMV New Zealand Limited, Greymouth Petroleum Holdings Limited, Beach Energy Limited,
  • Table: Todd Corporation Limited - financial performance
  • Table: OMV New Zealand Limited - financial performance
  • Table: Greymouth Petroleum Holdings Limited - financial performance
  • Table: Beach Energy 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Crude Oil
  • An unrefined form of petroleum.
    • Geothermal
  • Heat produced from the Earth's surface.
    • Natural Gas
  • A gas that occurs naturally underground, which predominantly comprises methane.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Oil and Gas Extraction in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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