Oil and Gas Logistics Market - Global Industry Analysis and Forecast 2015 - 2023
Oil and Gas logistics refers to the transportation of drilling
equipments, extracted crude oil and natural gas and transportation of
refined products from one place to another. Petroleum logistics
covers entire phases from upstream to downstream. Oil and gas
logistics synchronizes with all kinds of equipments from multiple
origins to the areas that are difficult to access with the continual
concern for manpower and environment.
With the advent of shale oil boom, significant opportunities are
created for the railroads as a means to transport equipment, people
and oil. Railroads are being used to haul the special sand called as
frac sand, acids, pipes and other chemicals required in the shale
extraction process. Once the extraction process is carried out, rail
is being used to carry away shale oil and gas and waste products.
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Optimum utilization of rail has created a surge in the demand for
cars that can carry crude oil. New production sites, which do not
have pipeline network utilizes rail cars, for transporting crude oil
and natural gas from the exploration site to the refineries.
Pipelines are costly and time consuming to build and are often
subject to construction delays as it requires numerous permits. Rail
car companies are reaping the benefits, experiencing a backlog of
orders for petroleum carrying cars and are reporting strong financial
results.
Railway has to build additional infrastructure to keep up with demand
in some shale producing regions. The Bakken shale field in North
Dakota is the best example. In the year 2013, Bakken oil output hit a
record of 727,149 barrels per day and majority of the oil was carried
out by trains. Rail has become the most favored mode of transport in
the area as it is cheaper than trucking and is more flexible than
pipeline.
Oil and gas logistics takes place in various phases such as upstream
logistics, midstream logistics and downstream logistics. Upstream
logistics includes transportation of all the drilling equipments such
as drilling rigs, Christmas tree and blowout preventer to the
exploration location. Midstream logistics involves transportation of
extracted crude oil and natural gas from drilling location to the
storage location. Once the crude oil and natural gas has been stored
in tanks and terminals, then it is transported through various means
to the refinery for further refining processes. Crude oil and natural
gas once refined into varied petroleum products, they are transported
through pipelines, ships and trucks to the end users. Oil and gas
logistics comprises of all the activities such as air and sea
chartering, hazardous material handling, customs brokerage, supply
order management, purchase order management and offshore supply base
management.
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Some of the key drivers of the oil and gas logistics market are new
discoveries of oil and gas fields and growing economies. However,
oversized equipments and remote location of drilling can hamper the
growth of the market. Ample opportunities are there for oil and gas
logistics market as demand for petroleum products is rising at a
healthy rate.
Some of the key players in the business of oil and gas logistics are
Gulf Agency Company Ltd, Agility Project Logistics Inc, Kuehne +
Nagel Company, BDP International, DB Schenker, Crown Logistics,
Neovia Logistics, A.Hartrodt GmbH, SGS Logistics, SDV International
Logistics and Bollore Africa Logistics Ltd among others.
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