Transportation networks which deliver oil and natural gas to consumers directly are included in the midstream oil and gas industry. Pipelines that carry products away from a refinery to a consumer may or may not be included in the statistical data. Several different service providers are active within this segment of the oil and gas industry.
Abundant availability of unconventional resources in the U. InCobalt a U. Expansion of refineries to meet the increasing petroleum product demand may boost global oil and gas analytics market size. InExxonMobil announced to expand refining capacity of Beaumont refinery Texas with 40, barrel by Increasing exploration and production of oil and natural gas will augment the industry from to Strict government regulation to ensure safety during operation will further complement the industry growth.
Cloud provides a faster and more valuable result from other technologies. It also helps to reduce infrastructure cost. Integrated service contributes a significant portion to the overall industry size and is anticipated to reach over USD 3, million by Analytics tool enables upstream sector to obtain real time data at lower cost and manage operation in better way through new capabilities, which will propel the industry growth.
TIBCO company implemented digital technology to optimize exploration and production cost. Asset Performance analytics for upstream application is expected to reach over USD 1 billion bythis significant growth can be attributed to increasing focus on asset management.
It helps to manage risk in asset management, improve asset utilization, reduce maintenance cost and minimize safety incident.
It helps to monitor equipment and pipeline and allow precise approach to maintenance.
Pipeline SCADA is expected to reach over USD 2 billion by considering the impressive growth in demand for real time and accurate information and growing pipeline transportation.
It helps to improve refining and processing efficiency. Increasing numbers of refineries coupled with capacity expansion in India may favor the industry outlook.
Init has been estimated that Sonangol holds 2. It helps to provide real time and accurate decision, reduce finance risk, enhance productivity, reduce operation cost and finding main cause of production loss by analyzing data. High drilling and production cost coupled with low crude prices will favor the growth of this industry.
Increasing demand for midstream infrastructure will also complement the growth of this market from to What Information does this report contain?Key View. PetroChina’s upstream business will continue to benefit from oil’s projected continued recovery over subsequent quarters. A seasonal pick-up in gas demand would lend further support to earnings from its natural gas business over subsequent months.
Oil And Gas Analytics Market, By Region U.S. oil and gas analytics market size was valued at over USD 1 billion in owing to expansion of exploration and production of unconventional resources.
Increasing numbers of refineries coupled with capacity expansion in India may favor the industry outlook. Oil & Gas Insights Global Oil Supply & Demand Outlook to The Global Oil Supply & Demand Outlook is our biannual view on how global oil markets will evolve towards Oil & Gas industry Add to myFT.
Spanish oil and gas group Cepsa to launch IPO. Deal could be worth €10bn in sector’s biggest listing for more than decade. Save. Monday, 17 September, Oil & Gas Analytics Market (Application - Upstream, Midstream, Downstream) - Global Industry Analysis, Size, Share, Growth Trends and Forecast - Jun, | pages.
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