Oil and Gas Logistics Market Share, Size, Emerging Trends and Analysis

Technavio Announces the Publication of its Research Report – Global Oil and Gas Logistics Market 2016-2020

Technavio recognizes the following companies as the key players in the global oil and gas logistics market: Agility, BDP International, DB Schenker, Deutsche Post DHL, Kuehne + Nagel, and Neovia Logistics Services.

Other Prominent Vendors in the market are: ASCO, CEVA Logistics, CH Robinson, Expeditors International of Washington, GAC Logistics, Panalpina, Ryder Systems, and UPS Supply Chain.

Browse full report with TOC@ https://marketreportscenter.com/reports/349516/global-oil-and-gas-logistics-market-2016-2020

Commenting on the report, an analyst from Technavio’s team said: “Replacement of coal-fired power plants by natural gas-based power plants will be a key trend for market growth. The translation of low oil prices into lower gas prices is encouraging a shift toward natural gas-powered power generation systems with rapid replacement of inefficient and inflexible coal-fired power plants, especially in developed countries like the US. The need to decrease fuel costs, which account for a major portion of the overall cost, as well as the LCOE of gas turbine to capitalize on the growing trend of natural gas-based power generation is incentivizing manufacturers to develop gas turbines with higher efficiencies.”

According to the report, one of the key drivers for market growth will be surge in offshore oil and gas exploration and production activities. Exploration and production (E&P) activity is an upstream process in the oil and gas industry, which includes locating oil rigs, searching for oil and petrochemical products, underwater drilling for natural gas and crude oil fields, and operating subsea vessels. The vessel operators and owners of oil and gas fields work with various contractors such as engineering procurement and construction (EPC) contractors and oil rig companies for the procurement of underwater natural resources. In the Middle East...