Out of gas: Industry revenue declines due to the completion of major projects

IBISWorld’s Oil and Gas Field Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Analysis & Industry Trends

The Oil and Gas Field Services industry is forecast to grow at an annualised 1.5% over the five years through 2016-17. Unprecedented investment in gas extraction and LNG production facilities across northern Australia have shaped the industry's landscape over this period. Three large LNG facilities on Curtis Island, QLD, have been under construction over the past five years. These facilities are designed to service lucrative export markets in China and Japan. The construction of the Gorgon, Wheatstone and Prelude LNG plants in Western Australia, and the Ichthys LNG plant in the Northern Territory have also driven industry revenue growth over the past five years. Technological advancements in natural gas extraction, liquefaction and long-distance transport enabled this investment...

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What is the Oil and Gas Field Services industry?

The Oil and Gas Field Services industry is projected to grow at an annualised 1.5% over the five years through 2016-17. However, this does not reflect the volatility that has characterised the industry over the same period. Industry players benefited from an unprecedented wave of investment in the construction of LNG processing facilities and CSG extraction projects. This was highlighted by substantial industry revenue growth of 87.2% in 2013-14, with revenue peaking at $18.9 billion in 2014-15. The industry was well positioned to meet demand generated by the investment boom in conventional and unconventional gas projects. Extraordinary growth in the scale of developments stretched the skills and resources of oil giants and supporting industries. Ind...

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Products & Brands

Major products in this industry
Construction services
Site preparation services
Plant management services
Other services
Examples of brands in this Industry
CPB Contractors

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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