Top Oil & Gas Construction Projects Reviewed by Timetric in Its Topical Study Available at MarketPublishers.com24 Mar 2016 • by Natalie Aster
LONDON – Within the framework of the rapidly decreasing global crude oil prices, the worldwide oil and gas market has recently witnessed significant changes. Since late 2013, the price for Brent crude has been following a downward trend, and by February 2016 it fell to USD 32 per barrel. This drop disrupted investment plans in novel oil and gas construction projects at a company and country level.
Major oil-producing countries, like those in the Gulf Co-operation Council (GCC), cut their investments in oil and gas construction projects as continually high output keeps oil prices at a low level. Moreover, Saudi Arabia and Russia have recently agreed to peg production to January levels; however, this agreement will hardly have influence on prices until other oil producing countries become involved.
Globally, the total value of oil and gas construction projects in eighteen countries from is estimated at USD 3.24 trillion in January 2016. Country-wise, Canada ranks the leading investor in oil and gas construction projects. It is followed by the US. Over 66% of the oil and gas construction projects across 18 examined countries are at pre-construction stages now.
Topical report “Project Insight - Oil and Gas Construction Projects in Key Markets” prepared by Timetric provides deep insights into the present situation in the global oil and gas market, laying special emphasis on the oil and gas construction projects across the major geographical markets. The research study offers detailed market analysis and discloses valuable information and major related facts on over 970 CIC projects in 18 countries. Key growth drivers of the oil and gas construction market as well as prevailing trends are thoroughly reviewed in the report. The research study profiles top companies from oil-producing countries (Australia, China, India, Indonesia, Malaysia, Vietnam, Russia, Norway, the UK, Iran, Iraq, Nigeria, the UAE, Saudi Arabia, Canada, The US, Brazil, Venezuela). Granular forecasts for the marketplace are also available here.
Project Insight - Oil and Gas Construction Projects in Key Markets
Published: February, 2016
Price: US$ 3,950.00
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