The Global Oilfield Industry Scenario: At A Glance
The oil competition:
The UN report suggests a hike in surfactants and demulsifier prices at end of year of 2017. The crude oil market is affecting the price ratio for chemicals. The assumption in degradation of chemical market in 2015-2016 is proving wrong and you are going to observe a huge hike in chemical markets.
The global oilfield industry scenario
The demulsifier industries and manufacturers are preparing a stage for profitable global sales. The production of oil and gas resources will go rapid as a result of India-Russia alliance for oil and gas extraction .The Korean peninsula and North American regions are also assumed to gain production development driven projects till 2019. Past few years have been a risky dragon drive for oil investors in surfactants and oil industry. However, big public sector companies are still earning profit and reasonable stocks portion in GDP rates and global market economy.
Experts say
The experts of chemical industry around the world expect demands of the demulsifiers to grow, but at a slower rate that before. However, the chemical industry is expected to reach revenue of $40 billion dollar by 2019 and it will decide a reasonable portion in developing nation's GDP. On the other hand the experts suggest establishing a corridor between different nations in order to increase partnership based extraction of oilfield chemicals. Recently an expert claimed that different state body organisations of Asian and African nations may join hands under one roof for cheap and rapid action extraction of oils.
Challenges to oilfield projects
"Kashagan" oil plant in Kazakhstan is to shut down for couple of years in order to resist harmful impact of toxic gases. Experts suggest pipelines to be replaced by nickel alloy for 55 miles of distance and it would add on the burden of billions of dollar on existing outstanding loss of $50 million on the plant. The government of Kazakhstan wants a public private complex strategy to restart the oil productions once again. The oilfield companies from Kazakhstan and abroad is interested in extracting the resources along with government partnership by risking up the initial investments.
Around the Globe
In 2014 North America constituted 66% of world market for oilfield chemicals followed by 8% share of Latin America. Asia along together constituted just 11% of world market for oilfield chemicals. The massive rise, developments and rapid actions in oilfield chemicals production plants in Asian nations will make them constitute a high portion of share in oil chemical world market and it will certainly make the production of oilfield chemicals go high. The public private partnerships in oil projects and high production rate against the same amount of demands will certainly create a downfall in prices of oilfield chemicals in Asia. The private sector is keen to join up the progress in chemical industry by highlighting the high turnover and profit in the sector globally. Industrialists are planning annual gatherings for deciding the bids of oilfield and organising exhibitions on its future trend.
Bottom Line
The import ratio of demulsifiers in Asia from the western union will reach bottom due to rich production in Asia itself and it has feared the stocks market for cracking and unstable stock price changes suddenly. However, according to some unbiased experts US and Canada are expected to form policies on regards to joining of the development driven progress drive in oilfield chemicals projects in Asia and Africa. The concerned aspects in oil industry include initial investments, labour costs and public private partnerships globally among different nations. You may expect an unstable scenario in Asia and America in prices of oilfield chemicals and the same will reflect the stocks market but hang on the rise in oilfield chemicals industry is sure to reach sky at a slow pace with changeable and uncertain environment on struggling oil chemicals world market.
