The Unconventional Oil and Fuel Market Outlook: The future of oil sands, shale gasoline, oil shale and coalbed methane
Oil sands, shale gas, oil shale, and coalbed methane (CBM) are the primary unconventional oil and gasoline resources on the planet in the present day. These assets are known as unconventional as they’re extracted, processed, and refined in a fashion that’s totally different from the typical. Typically, unconventional assets are troublesome-to-extract, costly to refine, and have more impact on the surroundings. Sustained excessive oil and gas prices until mid-2008 led to the event of these sources as governments across the world had been involved about dwindling energy provides amid rising demand. Technological developments further aided their improvement. Volatility in commodity costs adds to the uncertainty in unconventionals improvement. Rise in environmental considerations over extraction and improvement of unconventional resources may doubtless slow down the growth of the business.
This report analyzes the expansion of the unconventional oil and gas sources worldwide, discusses the drivers and resistors of the trade, and contains production forecasts for key regions.
The report documents statistical data on reserves, production including projections until 2030 for primary markets.
Key features of this report
Overview of the global unconventional oil and fuel market with deal with key regions resembling North America, Europe, and Asia-Pacific.
Progress of various unconventional assets – reserve estimates, present manufacturing, and outlook.
Info and evaluation by useful resource – oil sands, heavy oil, shale gasoline, oil shale, and CBM.
Reserves, production, potential, drivers, resistors, key gamers, and outlook for numerous unconventional resources in different areas of the world.
Production forecasts for established markets and insights on rising markets in the unconventional oil and gas market.
Scope of this report
Obtain a fast and comprehensive understanding of the worldwide unconventional oil and gasoline business.
Assess the emerging developments in each of the unconventional assets – oil sands, shale gasoline, oil shale, and CBM.
Quantify reserves and production in key markets such as the US, Canada, Australia, and China.
Understand the foremost points surrounding the event of unconventional resources in important areas of the world.
Predict and establish growth potential by useful resource globally.
Key Market Points
Power safety: Concerns over vitality safety forced international locations such as the US to invent new applied sciences to faucet resources that had been previously inaccessible.
Technological developments: Technological developments in bitumen upgradation, horizontal drilling and hydraulic fracturing enabled the exploitation of unconventional assets. Continued technological developments are helping to scale back the carbon footprint and general environmental influence whereas increasing the efficiency of exploration and improvement operations.
Excessive price of extraction and development: Unconventional oil and gasoline resources need excessive commodity prices to be economically viable on account of relatively excessive price of extraction and improvement. Volatility in commodity prices provides to the uncertainty in unconventionals improvement.
International pure fuel glut: An unexpected rise in natural gas production and reserves in the US led to a global provide glut, which could threaten the event of unconventionals in Asia and Europe.
Affect on atmosphere: Improvement of unconventional resources is more and more clouded by environmental issues, which might hamper the growth of the business.
Key findings from this report
The world’s largest oil sands deposits exist in Canada with as a lot as 173bn barrels of proved reserves, making the nation the second largest holder of oil reserves after Saudi Arabia.
In 2009, 1.4m barrels of oil per day have been estimated to be produced from Canadian oil sands tasks, which grew at a CAGR of 8.9% from 1.0m barrels of oil per day in 2005.
In response to the US EIA, the shale gasoline proved reserves within the US totaled 32,825 bcf by end of 2008. Trade estimates put US natural gas reserves to final for a hundred years at 2008 production rates.
Shale gasoline production in the US grew at a CAGR of 21.2% to succeed in 1.49 tcf in 2008 from zero.69 tcf in 2004. Its share in complete US pure gas manufacturing elevated from 3.7% in 2004 to 7.Three% in 2008. By 2035 shale fuel is anticipated to provide 25.Eight% of the consumption wants of the US.
In accordance with Royal Dutch Shell, Europe’s unconventional gas reserves may complete 1,200 tcf, approximately five occasions the proven conventional gasoline reserves.
Key questions answered
What are the primary unconventional oil and gas sources in the world at the moment at present?
What are the technologies used in exploring and growing unconventional resources such as oil sands and shale fuel?
What are the key drivers of unconventionals in general and key drivers in particular regions?
What are the key resistors of unconventionals on the whole and key resistors in particular areas?
What’s the standing of improvement of unconventionals across continents – North America, South America, Europe, Africa and Asia-Pacific?
Which unconventional assets are set to grow strongly and the place?
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