Global Oil and Gas Logistics Market 2016-2020 - Advances in technology to provide high-end logistics and supply chain solutions - Research and Markets
Research and Markets has announced the addition of the "Global
Oil and Gas Logistics Market 2016-2020" report to their
offering.
The global oil and gas logistics market to grow at a CAGR of 6.62%
during the period 2016-2020.
The report covers the present scenario and the growth prospects of the
global oil and gas logistics market for 2016-2020. To calculate the
market size, the report considers the revenue generated by third-party
logistics for providing a full range of onshore and offshore services.
The report also includes a discussion of the key vendors operating in
this market.
Replacement of coal-fired power plants by natural gas-based power plants
will be a key trend for market growth. The translation of low oil prices
into lower gas prices is encouraging a shift toward natural gas-powered
power generation systems with rapid replacement of inefficient and
inflexible coal-fired power plants, especially in developed countries
like the US.
The need to decrease fuel costs, which account for a major portion of
the overall cost, as well as the LCOE of gas turbine to capitalize on
the growing trend of natural gas-based power generation is incentivizing
manufacturers to develop gas turbines with higher efficiencies.
According to the report, one of the key drivers for market growth will
be surge in offshore oil and gas exploration and production activities.
Exploration and production (E&P) activity is an upstream process in the
oil and gas industry, which includes locating oil rigs, searching for
oil and petrochemical products, underwater drilling for natural gas and
crude oil fields, and operating subsea vessels.
The vessel operators and owners of oil and gas fields work with various
contractors such as engineering procurement and construction (EPC)
contractors and oil rig companies for the procurement of underwater
natural resources. In the Middle East and the US new shale oil fields
have been discovered, which will lead many oil-producing companies to
place their business there, thus increasing the demand for logistics
services.
Key vendors
- Agility
- BDP International
- DB Schenker
- Deutsche Post DHL
- Kuehne + Nagel
- Neovia Logistics Services
Other prominent vendors
- ASCO
- CEVA Logistics
- CH Robinson
- Expeditors International of Washington
- GAC Logistics
- Panalpina
- Ryder Systems
- UPS Supply Chain
For more information about this report visit http://www.researchandmarkets.com/research/4rwjqs/global_oil_and
Related Topics: Gas,
Oil,
Logistics
View source version on businesswire.com: http://www.businesswire.com/news/home/20160811005634/en/
Copyright Business Wire 2016
Source: Business Wire
(August 11, 2016 - 10:11 AM EDT)
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