Wednesday, 13 January 2016

Oil and Gas Logistics Market Size and Share 2015 - 2023

Oil and gas logistics entail transportation of drilling equipment and extracted natural gas and crude oil. Global oil and gas logistics players are also involved in the transportation of refined products from one location to another. Presently, petroleum logistics cover all phases from upstream to downstream. Oil and gas logistics services sync with all types of equipment.

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With the expanding shale oil sector, many opportunities have been created for railroads. These railroads can be used to transport people (manpower), equipment, and oil. Presently, railroads are being used to haul special sand (known as frac sand), pipes, acids, and other chemicals. These resources are needed in the process of shale extraction. Building pipelines is costly and time consuming, while railroads are more effective for oil and gas logistics services. Hence, rail car companies in the global oil and gas logistics market are reaping major benefits. These companies are enjoying the rising demand for oil and gas logistics services and have a backlog of orders for petroleum carrying cars.

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.


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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