15 October 2018
Visiongain’s updated 185-page Thermal Enhanced Oil Recovery (EOR) Market Report 2018-2028: CAPEX & OPEX ($bn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies indicates that the thermal EOR market expenditure will reach of $19.2bn in 2018.
The report includes 135+ tables, charts, and graphs that analyse the thermal EOR market. Forecasts (spending and production) are provided for 2 extraction method submarkets (Steam Injection and Steam-Assisted Gravity Drainage) and 11 leading national and regional markets (Canada, U.S., Venezuela, Indonesia, Kuwait, Oman, China, Russia, Bahrain, Saudi Arabia and Rest of the World). The report also provides profiles (including market shares) for the leading thermal EOR project operators in oil sands, as well as profiling the leading companies in heavy oil thermal EOR.
The global thermal enhanced oil recovery (tEOR) market is anticipated to expand significantly over the next decade, driven by energy security requirements, increasing global oil demand and technology development. Oil prices are currently rebounding to the highest levels seen in 3-4 years encouraging both production and spending in EOR as companies aim to maximise revenue and profits.
The Thermal Enhanced Oil Recovery (EOR) Market Report 2018-2028: CAPEX & OPEX ($bn) & Production (bpd) Forecasts for Oil Sands, Heavy Oil, Steam Injection (Cyclic Steam Stimulation (CSS), Steam Flooding), Steam-Assisted Gravity Drainage (SAGD) & Other Technologies Plus Detailed Project Tables & Analysis of Leading Companies report will be of value to anyone who wants to better understand the industry and its dynamics. It will be useful for businesses already involved in the segment of thermal EOR market, or for those wishing to enter this growing market in the future.
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The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020.
25 November 2020
Increasing oil consumption, high recovery rates through successful implementation of CEOR, coupled with high cost of new exploration is expected to drive the implementation of CEOR over the coming years.
22 October 2020
Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.
02 October 2020
Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.