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Global market for tight oil to be driven by depleting reserves of conventional oil and gas

The global Market for tight oil has been examined in a detailed and professional market research report by Transparency Market Research. The report is titled “Tight Oil Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019.”

The report states that the major factors driving an increased demand for tight oil in the Global Market include the continuously expanding array of applications, rapidly depleting reserves of conventional oil and gas, rising demand for electricity, and technological advancements in the fields of exploration and production.

However, certain factors such as a substantial dearth of modern technologies in exploration and processing facilities in developing countries, requirement of high capital investment, and the concern of negative impact on the environment of unconventional oil and gas exploration activities are limiting the growth of the market to a certain extent.

As the global reserves of crude oil and natural gas continue to deplete and the demand continues to rise at a staggeringly high rate on a global front, the demand for tight oil, which is also referred to as shale oil and is a reliable substitute to crude oil, has seen an upward trend in the past few years. The trend is projected to govern the global market over the report’s forecast period as well, allowing the market for tight oil sufficient growth opportunities across several regional markets.

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The global market for tight oil can be segmented on the basis of application, technology, location of reserves, and geography.

Major reserves of tight oil are found in countries such as the U.S., Mexico, and Canada in North America, Russia in Europe, Pakistan, China, Indonesia, and Australia in Asia Pacific, Libya in Africa, and Venezuela and Argentina in the Rest of the World. Of these, the U.S., Russia, and Canada are the major tight oil producing countries on a global front.

The report presents a comprehensive overview of the major segments of the market, analyzing them from a global as well as regional standpoint. A detailed analysis of the major factors that can have a significant impact on the overall development of the global tight oil market is also included in the report. Factors such as key demand drivers, challenges, and major trends are elucidated with the help of qualitative and quantitative market data.

Detailed insight into the competitive landscape of the market is also included in the report and business profiles of major vendors in the market, including Chevron Corporation, Total S.A, British Petroleum Plc., and Royal Dutch Shell Plc., are thoroughly examined.

Research Report:

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.


Transparency Market Research

Mr. Sudip S, +1-518-618-1030

USA-Canada Toll Free: 866-552-3453

[email protected]

This post first appeared on Your Industry News Blog | The Global Leader For Yo, please read the originial post: here

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Global market for tight oil to be driven by depleting reserves of conventional oil and gas


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