This NRG Expert Global Oil Reserves and Shale Oil market research report provides a comprehensive overview and analysis of the global shale oil market. It looks at global oil and gas reserves, oil supply and demand, unconventional and frontier oil and gas reserves. It also reviews the economics, the environment and the major shale oil countries. As high oil prices make expensive shale oil projects more attractive, the report outlines the unconventional and frontier gas and oil reserves and their impact on the shale oil market. The report includes a thorough gas and oil analysis, gas and shale oil forecasts, gas and oil data, oil prices and shale oil supplies by country and more.
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Key reasons to purchase this oil reserves and shale oil market research
- Review the oil reserves of the world, oil statistics and oil reserves data
- Gain a clear understanding of the global shale oil industry and its impact on oil reserves
- Review the latest shale oil technology
- Understand the trends for the shale oil industry
- Review data on oil supplies, and oil prices
- Prepare market size evaluations and oil shale forecasts for each country
- Review the leading shale oil companies
- Understand the environmental and economic impact of shale oil projects
What’s in the oil reserves and shale oil market research report?
- World gas and oil reserves
- The definition of oil reserves
- Unconventional and frontier gas and oil reserves
- Oil supplies and demand
- Oil prices
- Projected oil supplies and demand
- Oil forecasts
- Shale oil industry analysis
- Shale oil technology
- The major shale oil countries
- Shale oil companies – large and small
- The environment and economics
- Shale oil prices, statistics and data
Background to this oil reserves and shale oil market research
Oil Prices
NRG Expert’s market research revealed that high oil prices have made expensive shale oil projects more attractive, but the volatility of oil prices have made it risky to invest in expensive projects that require a high oil price to be profitable. Oil prices are projected to rise, which may make projects profitable in the long-term, particularly in countries keen to increase domestic oil production. Competition from conventional oil and unconventional and frontier gas is a significant risk, for example oil sands and deep offshore gas. However, as OPEC oil is expected to continue to dominate the oil markets, countries with shale oil reserves may be keen to develop, at least some domestic shale oil industry.
Shale Oil Market
While shale gas has received a lot of column inches, so has another shale hydrocarbon- shale oil. Although strictly not an ‘oil’ and ‘shale’, oil shale is a fine-grain sedimentary rock containing significant amounts of an organic bituminous material known as kerogen that can be a precursor to conventional oil and ‘converted’ into shale oil.
To date production of shale oil has been mainly restricted to periods in history when oil supplies were constrained or expected to be constrained or when governments supported the sector. For example, interest in shale oil projects was high during and after wars due to concern over possible supply constraints. After the 1973 oil embargo a reduction in oil supplies resulted in many countries exploring and producing domestic shale oil.
The Global Shale Oil Industry
NRG Expert’s market research report reveals that the US has by far and away the most shale oil reserves, but the shale oil industry is not developed. Other countries with fewer oil reserves are Brazil, Estonia and China, which have commercial shale oil production. Most of these projects are surface mining projects such as the Fushun Mining Group’s Fushun Enerfit’s Enefit and Petrobras’ Petrosix retorts with a higher environmental impact than less developed in situ shale oil technologies. There is a drive towards the use of in situ shale oil technologies to meet environmental legislation, particularly in the US.
Shale oil produced from these projects is just one source of revenue for project developers. Other products from oil shale include cosmetic ingredients, cement, chemicals found in the shale such as uranium and phosphate for fertiliser. These products could provide an additional source of revenue as shale oil companies commercialise in situ shale oil technologies and whilst projects are operational.
Over the coming years the development on the shale oil industry will be challenged by other sources of oil; fluctuating oil prices; environmental opposition and environmental legislations including water usage. But with oil prices projected to remain high and the additional revenue streams available for oil shale, the high costs involved may be justified.
For our in-depth oil reserves and shale oil market research, please purchase the full report. We can also provide additional oil and shale oil consultancy
Price: £850.00
Prod. Code: NRGSHO1
Edition 1: 2012
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