Norway Oil and Gas Upstream Market by 2024 Industry Overview & Forecast by Market Revenue, Size, Share, Consumption, Trend, Vendors, Types and Application
The “Norway Oil and Gas Upstream Market” trend analysis report presents an in-depth analysis regarding the development, current trends, industry policies, and regulations implemented in each of the geographical regions. Norway Oil and Gas Upstream Market Report (2020-2024) Provides key statistics on market overview, major key-players of industry, the scope of the report, key trends in the market as well as regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue. It also provides Report provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.
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Norway Oil and Gas Upstream Market Report Includes Major Key-Players:
- Equinor ASA
- Aker BP ASA
- Total S.A.
- ConocoPhillips
- Royal Dutch Shell PLC
- Exxon Mobil Corporation
Market Overview:
- The upstream oil and gas spending in Norway is estimated to increase at a CAGR of 6.2% during 2017-2019. However, the trend is expected to be reversed during 2019-2024 (a decline in CAGR - around 2% during the same period). Major factors driving the market are the increasing development of new oilfields and the lower breakeven prices. The divestment of government funds from the upstream oil and gas sector can act as a restraining factor for the market growth.
- - Upstream companies see drilling in the Lofoten islands as crucial for maintaining petroleum production level in the coming years. Around 1-3 billion barrel of crude oil is estimated to be present beneath the island. Moreover, around two-third of Norway’s undiscovered resources, especially gas, is estimated to lie in the Barents Sea. As a result, exploration activities in the region are expected to shift toward the Barents Sea.
- - The discovery of new small oilfields provides an opportunity for upstream oil & gas market in Norway
- - In 2019, the investment in the Norwegian offshore oil and gas industry (excluding exploration) is expected to increase by 13%, to more than NOK 140 billion. A number of small projects received FIDs in 2017, as well as 2018, and are expected to come online in 2019 and 2020.
Scope of the Report:
This report studies the global Norway Oil and Gas Upstream market size, industry status and forecast, competition landscape and growth opportunity.
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Reasons to Purchase this Report:
- Current and future of Global Norway Oil and Gas Upstream Market outlook in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Report customization as per the client’s requirements
- Regions that are expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares and strategies employed by the major market players
Norway Oil and Gas Upstream Market Forecast (2020-2024):
- Market Size Forecast: By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
- Key Data (Revenue): Market Size, Market Share, Business Growth, Product Sales Price.
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Some Major Points Covered from TOC:
Chapter 1: Norway Oil and Gas Upstream Market Definition
Chapter 2: Research Methodology of Norway Oil and Gas Upstream Market
Chapter 3: Norway Oil and Gas Upstream Market Executive Summary
Chapter 4: Norway Oil and Gas Upstream Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
Chapter 6: Norway Oil and Gas Upstream Market Segmentation by Types, End-User, and Applications Forecast to 2024
Chapter 7: Norway Oil and Gas Upstream Market Segmentation by Geographical Regions
Chapter 8: Competitive Landscape of Norway Oil and Gas Upstream Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
Chapter 9: Key Players for Norway Oil and Gas Upstream Market
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