Table of Contents
This study elaborates the massive opportunities that pump companies are presented with complemented by the growing demand for oil and gas in the North American. The study commences by representing the evolution process of the shale boom in North America since 2007 and predicts the market’s position in 2017. The study covers trends in all three segments: upstream, midstream, and downstream. It concludes by highlighting other upcoming countries that offer growth opportunities for pumps with the development of the oil and gas industry there—it details the drivers and restraints of growth in Australia and China, the two countries that look promising in the shale sector, beyond from the United States.This study elaborates the massive opportunities that the growing need for demand across the globe and the latest shale boom in North America is opening up for the pumps industry in 2014 and beyond. The study covers trends in all three segment: Upstream, Midstream and Downstream. The study concludes by touching upon other upcoming countries that offer great growth opportunities for pumps with the development of the O&G industry there.
Key Trends Seen in the Market
Annual CAPEX* associated with shale oil plays has increased exponentially, from approximately $ x billion in 2006 to $ x billion in 2013.
Benefits such as low cost of production is driving operators to shift towards shale oil.
Key Technological Advancements
•Use of ultra-violet (UV) light to kill bacteria in the water, eliminates the need for biocides and other chemicals.
•Introduction of the use of electricity isolates and removes pollutants.
•Membrane distillation is on the way to becoming the next-generation treatment process in water desalination.
Key Geographies to Look Out for
Apart from the US, China and Australia are presenting tremendous opportunities for growth for pump companies with their rising shale prospects.
Shale Oil—Current Situation
•Natural gas acquisition in the US stood at an all-time low likely due to consistently low natural gas prices.
•The emergence of shale oil is causing a fundamental shift in not only the US crude oil market but also across the world.
•US shale oil production averaged x million barrels per day (mbpd) in the fourth quarter of 2013, more than x % of total world production.
•Annual CAPEX associated with shale oil plays has increased exponentially, from approximately $ x billion in 2006 to $ x billion in 2013.
•Shale oil in the US is cheaper in terms of production costs for new sources of crude oil, although costs per barrel vary from $ x to $ x , which competes in the domestic market against imports.
•With more than $ x billion invested in merger and acquisition (M&A) deals, joint ventures (JVs) have been completed as part of industry positioning.
Get Industry Insights. Simply.
Talk to Veronica
+1 718 514 2762
Rebalancing in Oil Demand and Supply will Only Happen with More Production Cuts by OPEC and Non-OPEC Producers The study covers the outlook of the oil and gas industry for 2017, forecast to 2020. The ...
About Pipeline Pigging Systems The augmented oil and gas demands need significant support from the associated infrastructure for the market to develop. In this respect, the global pipeline infrastructure ...
The pipe coatings market has been estimated at USD XX million in 2016 and is projected to reach USD XX million by 2021, at a CAGR of XX% during the forecast period from 2016 to 2021. Over the past ...