What is Shale Oil Market?
Due to increasing environmental issues with respect to crude oil, shale oil will generate significant business growth over the forecasted period. Shale Oil is produced from shale reservoirs. It is one of first source of mineral oil used by humans. Shale oil is quickly developing as significant, low cost and unconventional energy resources. The hydrocarbons in oil shale can be used as a substitute to petroleum or natural gas. Like traditional petroleum, natural gas, and coal, oil shale and kerogen are fossil fuels.
The market study is being classified by Type (Oil, Gas, Coke and Others), by Application (Electricity, Fuel, Cement and Others) and major geographies with country level break-up.
Anadarko Petroleum Corporation (United States), Antero Resources Corporation (United States), Royal Dutch Shell (Netherlands), Chesapeake Energy Corporation (United States), Chevron Corporation (United States), ConocoPhillips (United States), Consol Energy Inc. (United States), EQT Corporation (United States), Exxon Mobil Corporation (United States) and Pioneer Natural Resources Company (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Range Resources Corporation (United States), SM Energy Company (United States), Southwestern Energy (United States), Exxon Mobil Corporation (United States) and Continental Resources (United States).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Shale Oil market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Shale Oil market by Type, Application and Region.
On the basis of geography, the market of Shale Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Eliminates the International Trade Dependency due to Lack of Oil and Gas Availability
- Comparatively Cheaper to Produce
Market Trend
- Conventional Oil and Gas Prices are minimized in the United States
- Increasing Adoption of Shale Oil in Number of Applications such as Thermal Power Production
Restraints
- Production of Shell Oil may Cause Create Seismic Events in Local Communities
- Unfavorable Effects on Underground Water
Opportunities
- Growing awareness as well as Usability of Shale Oil across the Globe
- It is becoming one of the Pure Substitutes to Non Renewable Energy Sources
Challenges
- Hard to Analyze Robustly increased Demand for Shale Oil with Increasing Applications
- Higher Initial Investments and Lack of Awareness in Underdeveloped Regions
On February 19th, 2019, Anadarko Petroleum Corporation has announced that Mozambique LNG1 Company Pte. Ltd. has signed a Sale and Purchase Agreement (SPA) with Pertamina. The SPA is for 1 million tons per annum (MTPA) for a term of 20 years. Anadarko is developing Mozambique's first onshore LNG facility consisting of two initial LNG trains with a total nameplate capacity of 12.88 MTPA to support the development of the Golfinho/Atum field located entirely within Offshore Area 1.
The Environment Agency (EA) in England and Wales, and the Scottish Environment Protection Agency (SEPA) are the environmental regulators who monitor the environmental aspects of shale gas fracking. The key regulation that governs how shale gas fracking operators comply with environmental laws is the Environmental Permitting Regulations 2010. HSE monitors shale gas operations from a good integrity and site safety perspective. Also, it operated closely with the Environment Agency (EA) and the Department of Energy and Climate Change (DECC) to share relevant information on such activities and to ensure that there are no material gaps between the safety, environmental protection, and planning authorization considerations and that all material concerns are addressed.
Key Target Audience
Shale Oil Manufacturers, Shale Oil Distributors, Suppliers, Traders, Petroleum Industry Associations, Environmental Regulatory Bodies, Government Agencies, Upstream and Downstream Buyers and Others