Global Leader in International Oil and Gas Industry News

posted in:

Analyzing the global oil & gas storage industry 2012

Monday, Nov 19, 2012

Research and Markets (http://www.researchandmarkets.com/research/d8c7t5/analyzing_the) has announced the addition of the "Analyzing the Global Oil & Gas Storage Industry 2012" report to their offering.

“Analyzing the Global Oil & Gas Storage Industry 2012”

The global oil and gas storage industry is expected to experience growth in the coming future although the same cannot be said for all the markets worldwide. The current important trend in the oil and gas storage market is that as a result of increased logistics activity in the oil and gas sector due to increasing international and domestic trades, the demand for oil and gas storage capacity is witnessing a rise at the major global supply hubs. The trend is expected to continue, with the major terminal operators worldwide as the key beneficiaries. However, the supply chain operators which are relatively having less proximity from the main storage hubs are not expected to benefit substantially from the current scenario.

The global oil storage industry has seen strong growth due to the increase in oil prices over the last decade. However, oil prices have witnessed a sharp dip due to the global economic crisis. The decline in profit margins due to decreasing oil prices and highly inflated asset values will affect future storage dynamics. The existing storage terminal operators are already experiencing a severe reduction in fresh investments in the market. Regional tax policies are also likely to affect any storage investments. Therefore, new entrants into the storage industry will face tough market conditions due to low profit margins.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

AVEVA provides Integrated Engineering & Design solutions to TOTAL E&P Nigeria Limited 18-04-2014
Oando Energy Resources increases deposit for acquisition of Nigerian Upstream Oil and Gas Business of ConocoPhillips 18-04-2014
Linde will be exclusive hydrogen supplier for the Shell Eco-marathon in Houston 18-04-2014
Technip wins Umbilical contract for Kaombo project in Angola 18-04-2014
Forest Oil announces first quarter 2014 earnings release date and teleconference 18-04-2014
Saipem announces awarded FPSO contracts in Angola worth more than $4 billion 18-04-2014
Endeavour announces settlement of SM Energy litigation 18-04-2014
Drilling and production update 18-04-2014
Shell announces Malaysia deep-water gas discovery 18-04-2014
Meeting between the Ukrainian Minister of Energy, Yuri Prodan, and Eni's CEO Paolo Scaroni 18-04-2014