Global Oil and Gas CAPEX to Increase to $1,201 Billion in 2013
FARMINGTON, Conn., Jan. 22, 2013 /PRNewswire-iReach/ — In recent years it has become clear that the vast resources of both conventional and unconventional natural gas reserves in place will see it dominate the energy mix over the next century as these reserves are exploited and brought into production. The drive to develop these reserves is coming from a substitution effect as a result of high oil prices and a move away from the use of both coal and nuclear energy.
The global oil and gas capital expenditure (capex) is expected to increase from $1,036 billion in 2012 to $1,201 billion in 2013, registering a growth of 15.9%. The global oil and gas capex first passed the trillion mark in 2012 and will continue to witness incremental growth in 2013. Meanwhile, the global E&P sector capex is expected to witness a year-over-year growth of 18.7% in 2013. The capex is expected to grow from $716.3 billion in 2012 to $850.5 billion in 2013. The E&P capex growth will be driven by increasing exploration and development efforts by oil and gas companies in deep and ultra-deep offshore areas. Besides this, a strong demand outlook for oil and gas is also expected to boost upstream capex in 2013.
Oil & Gas Capital Expenditure Outlook 2013
This report contains a detailed analysis of the current and future capital expenditure of oil and gas companies – national oil companies, and integrated and independent oil and gas companies. It also provides a detailed analysis and information on the capital expenditure across the entire oil and gas value chain globally. Detailed information on oil and gas capital expenditure across various regions – North America, South and Central America, Europe, the Middle East and Africa – is also provided. The report also covers the planned oil and gas projects in upstream, refining, pipeline, Liquefied Natural Gas (LNG) and petrochemicals. The report has been prepared using data and information sourced from company reports, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/gd166974-oil.html
The World FLNG Market Forecast 2013-2019
Although reserves in place are significant, estimated at 208 tcm by BPs annual statistical review, estimates of recoverable reserves are in flux and not properly understood. Huge finds announced in relatively unexplored areas like Mozambique and both conventional and unconventional resources have seen material revisions – up and down – in countries such as Poland, and even the United States (US). Whilst the development of unconventional natural gas has proceeded at an extraordinary pace in the US, it should be remembered that it has the largest volume of land drilling equipment and services available domestically compared to any other country in the world.
The challenge of how to access the substantial volumes of conventional offshore natural gas reserves is bringing new technology to the fore. Floating LNG is the current favored option for export from Israel’ss Tamar project and follows commitments by both Shell and Petronas to proceed with construction of FLNG vessels.
Douglas-Westwood projects that FLNG liquefaction spending will surpass $28 billion over the 2013-2019 period. Declining local production and seasonal demand will lead to a rise in import terminal capital expenditure ($19.1bn) in some markets. Economic growth is driving electricity demand occurring in the developing world. Hence, Asia will be a focus region for both liquefaction and regasification terminals between 2013 and 2019, accounting for 35% of the $47.4bn forecast for the entire FLNG sector.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/dw221351-world-flng-market-forecast-2012-2018.html
Butanes Market – Global Industry Size, Market Share, Trends, Analysis, and Forecasts 2010 – 2018
This study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the butanes market by application: liquefied petroleum gas (LPG), petrochemicals, and refinery. The report also covers the following applications for the LPG butanes market: residential and commercial, chemical and petrochemical, industrial, auto fuel, and refinery. The research provides in-depth analysis of butanes manufacturers, sales, and trend analysis by segments and demand by geography. The report covers all the major segments of the global butanes market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. It also describes the major potential and emerging applications for butanes.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/tsm258722-butanes-market-global-industry-size-market-share.html
For more market research highlights, technical research news and industry updates, please visit http://www.giiresearch.com/press/
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.