How Top 35 Most Valuable Products and Solutions are Transforming the Oil and Gas Industry

Description

How Top 35 Most Valuable Products andHow Top 35 Most Valuable Products and Solutions are Transforming the Oil and Gas Industry PR Newswire MOUNTAIN VIEW, California, March 6, 2014 -- Frost & Sullivan's latest initiative identifies the Top 35 Most Valuable Products and solutions (MVPs) that are enabling game-changing transformations in the upstream and midstream oil and gas sector The many dynamics at work in and around the global oil and gas industry promises nothing less than paradigm changes across the industry's value chain over the next 10 years. This is especially true in the upstream and midstream sectors of the market, where many factors are driving change and creating challenges for suppliers of automation and process components in the space. Some of the key macro business drivers within the oil and gas industry include: • A huge focus on unconventional plays, with half of the liquids supply expected to come from these sources by 2040 • Implementation of "Totally Integrated Digital Operations" (TIDO), yielding significant improvements in key metrics including operating costs savings, improved operational safety, and higher production rates • Upstream market growth has a ripple effect on midstream which is expected to see 10 times more growth in the next two to three years. This is clearly a market to watch out for due to unprecedented investments in LNG processing, rail car terminals, FPSO, Terminals for import/export, etc.

Informations

• Publié par: frost-sullivan
• Publié le: 06 mars 2014
• Nombre de lectures: 11
• Langue: English

Extrait

How Top 35 Most Valuable Products and Solutions are Transforming the Oil and Gas Industry

PR Newswire

MOUNTAIN VIEW, California, March 6, 2014

-- Frost & Sullivan's latest initiative identifies the Top 35 Most Valuable Products and solutions (MVPs) that are enabling game-changing transformations in the upstream and midstream oil and gas sector

The many dynamics at work in and around the global oil and gas industry promises nothing less than paradigm changes across the industry's value chain over the next 10 years. This is especially true in the upstream and midstream sectors of the market, where many factors are driving change and creating challenges for suppliers of automation and process components in the space.

Some of the key macro business drivers within the oil and gas industry include: