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(USGovernment-News.Com, January 08, 2019 ) The Business Research Company’s global oil and gas, covers the year-on-year growth of the global oil and gas historic and forecast growth. It also includes chapters on the oil and gas trends, geographical analysis, and competitive landscape.
The global oil and gas market is forecast to grow at a CAGR (compound annual growth rate) of around 4 % to 2022.
Oil And Gas Trends
The oil and gas industry has improved its technology or leveraged that of its service suppliers to match with the world’s increasing hydrocarbon demand. Many oil and gas companies have made use of digitization, IoT and robotics to increase production with limited investment.
The rapid pace of innovation in the oil and gas exploration, drilling and refining technologies is boosting production volumes and reducing production costs. Technological development is key for attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Continuity in upgrading is leading to rise in oil and gas recovery rates and considerable decline in production costs.
The global oil and gas is primarily driven by latest innovation and technologies to extract reserves perceived as exhausted.
The global oil and gas market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increasing economic growth and switch to renewable energy sources, the global oil and gas is expected to increase in potential and scope. TBRC’s report also covers the global oil and gas market report drivers and restraints in the market.
The global oil and gas market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global oil and gas report are Saudi Aramco, Exxon Mobil Corporation, Royal Dutch Shell, BP Plc, Sinopec Limited
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