Transparency Market Research has published a new report "Oil and Gas Logistics Market - Global Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2015 - 2023 " to its report store.
Albany, NY -- (SBWIRE) -- 12/23/2015 -- The global oil and gas logistics market is driven by the new discoveries of oil and gas fields. In August 2015, the discovery of one of the largest natural gas fields located off the coast of Egypt was announced. This gas field is expected to have a potential of around 30 tn cubic feet of lean gas. Besides this, there have been many new oilfield discoveries in offshore regions of Africa and South America. The elevated number of new oil and gas discoveries is adding to the rising demand for oil and gas logistics.
Browse Full Global Oil and Gas Logistics Market Research Report With Complete TOC @
Railroad Services to Witness Significant Growth in Global Oil and Gas Logistics Market
Oil and gas logistics entail transportation of drilling equipment and extracted natural gas and crude oil. Global oil and gas logistics players are also involved in the transportation of refined products from one location to another. Presently, petroleum logistics cover all phases from upstream to downstream. Oil and gas logistics services sync with all types of equipment.
With the expanding shale oil sector, many opportunities have been created for railroads. These railroads can be used to transport people (manpower), equipment, and oil. Presently, railroads are being used to haul special sand (known as frac sand), pipes, acids, and other chemicals. These resources are needed in the process of shale extraction. Building pipelines is costly and time consuming, while railroads are more effective for oil and gas logistics services. Hence, rail car companies in the global oil and gas logistics market are reaping major benefits. These companies are enjoying the rising demand for oil and gas logistics services and have a backlog of orders for petroleum carrying cars.
This high demand for railroad services will help the railroads segment grow substantially in the global oil and gas logistics market. This segment will expand significantly in the future as additional infrastructure is being built to keep up with demand in the key shale production regions. For example, the Bakken shale field based in North Dakota hit a record 727,149 barrels per day, and a majority of the oil was transported using trains.
Get Inquiry About Report:
Remote Locations to Challenge Global Oil and Gas Logistics Market
The remote location of drilling tends to suppress the global oil and gas logistics market's growth. Transporting resources to remote locations is challenging. Transportation of large equipment in railways or other safe mode of transports is a key issue companies in the market are facing. Furthermore, getting the manpower to remote locations equipped with supplies calls for effective health protection planning. These issues will constrain the global oil and gas logistics market in the foreseeable future.
To overcome these issues, companies in the global oil and gas logistics market are reshaping conventional energy supply chain models to implement a highly integrated approach to optimize costs and drive production. Some of the key companies operating in the global oil and gas logistics market are Kuehne + Nagel Company, Agility Project Logistics, Gulf Agency Company, Crown Logistics, DB Schenker, BDP International, and SDV International Logistics. Players in the global oil and gas logistics market will benefit from the ample growth opportunities presented by the growing demand for petroleum products.
Browse TMR Blog Energy Reports:
About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.