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Oil & Gas Infrastructure Market at a Glance
Bharatbook.com come up with a new research report on "Oil & Gas Infrastructure to 2016" which gives the in-depth analysis and forecast on the Oil and Gas Market.
US demand to grow over 6% annually through 2016
US demand for midstream oil and gas infrastructure equipment is forecast to rise over seven percent annually through 2016, approaching $9 billion. Advances will benefit from the development of shale gas plays, especially in areas that have not until recently been major energy producers. These areas will require additional infrastructure in order to economically transport oil and natural gas from the well site. For example, pipeline capacity at the Bakken Shale in North Dakota and Montana is expected to more than double by 2016. http://www.bharatbook.com/
High oil prices to boost drilling activity in the short-term
Growth in the shorter term will benefit from high oil prices, which are boosting oil drilling. This will benefit infrastructure demand in areas such as the Eagle Ford play in Texas. Natural gas prices, while currently low, are expected to rebound by 2016. Expectations of this recovery are boosting demand for natural gas (http://www.bharatbook.com) pipelines in areas such as the Marcellus Shale.
Steel to remain dominant, but plastic will grow faster
Pipe will continue to remain the largest product category in value terms, benefiting from construction of new main lines and the need for gathering systems at new drilling sites. Plastic pipe will register stronger gains than steel based on its widespread use in gathering applications. However, steel pipe will remain the dominant material based on its high pressure resistance. Welded pipe will continue to comprise the majority of steel pipe demand, due to its widespread use in transmission applications. Demand for pipeline flow control equipment such as valves, pumps and compressors will rise as a matter of course.
Eastern region to register strongest growth
The Eastern US will post the strongest gains of any region through 2016, benefitting from the need for infrastructure in the Marcellus play. However, the largest region for midstream infrastructure equipment is the Southern Region, which has the largest number of high output producing wells, the most drilling rigs, the largest number of well completions, and the highest levels of oil and natural gas production. In addition, offshore development in the Gulf of Mexico will create additional opportunities in the Southern Region.
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