Industry Background:
Oil shale, a fined-grained sedimentary rock that contains kerogen which is a mixture of organic chemical compound that yields substantial amounts of oil and combustible gas upon destructive distillation. It is a substitute for conventional crude oil and increasing investment in R & D within oil sector to reduce the environmental impact provides a significant growth opportunity for the very market.
This growth is primarily driven by Huge Demand from Transportation and Industrial Sectors and Cartelization in the Conventional Crude Oil Industry.
Globally, a noticeable market trend is evident Increasing Investment in Research and Development within the Oil Shale Industry to Reduce the Environmental Impact. Major Manufacturers, such as Anadarko (United States), Occidental Petroleum (United States), Chesapeake Energy (United States), ExxonMobil (United States), Marathon Oil (United States), Chevron Corporation (United States), EOG Resources (United States), Pioneer Natural Resources (United States), SM Energy (United States), ConocoPhillips (United States) and Cabot Oil & Gas (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In February 2019, Anadarko Petroleum Corporation announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Pertamina. The SPA is for 1 million tonnes per annum (MTPA) for a term of 20 years.
Regulatory Insights:
In United States, under Section 369(h) of the Energy Policy Act of 2005, Congress directed the Secretary of Energy to establish a Task Force to develop a program and make recommendations to advance the commercialization of the United States' strategic unconventional fuel resources, including oil shale.
Market Drivers
- Huge Demand from Transportation and Industrial Sectors
- Cartelization in the Conventional Crude Oil Industry
Market Trend
- Increasing Investment in Research and Development within the Oil Shale Industry to Reduce the Environmental Impact
Restraints
- High cost of Production of Oil Shale
Opportunities
Rising Demand for Energy and the Depletion of Non-Renewable Energy Sources Across the Globe
Challenges
Low Carbon Content and Environmental Issues Including Disturbance of mined Land and High Cost of Mining Equipment
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Oil Shale Study Sheds Light on
The Oil Shale Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Oil Shale industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Oil Shale industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.