Thursday 30 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Unconventional Gas Market: Arrow Energy Pty Ltd., BG Group plc, British Petroleum plc (BP), Chesapeake Energy Corp. and Chevron Corp.
Other Prominent Vendors in the market are: Dart Energy, Devon Energy, ExxonMobil and Royal Dutch Shell
The report said: “Higher investments in unconventional gas sources are one of the key trends upcoming in the market. Many market vendors and governments are investing in unconventional gas sources to increase production as the global demand is increasing day by day. It is expected that with the rising investments, technology will improve, thereby reducing the risk and cost associated with the extraction of unconventional gas.”
According to the report, exhaustion of conventional gas reserves is one key factor driving the market. As conventional gas resources get depleted, governments worldwide are shifting their focus to alternative sources of energy, thereby propelling the growth of the market.
Further, the report states that volatility in gas prices is a major challenge that may directly hamper the growth of the market. With operations in the Global Unconventional Gas market being capital-intensive, a dip in prices impacts revenues, exhausts credit limits, and adds to market debt.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.