This news is classified in: Traditional Energy Oil and Gas
May 16, 2018
The report, now available on ASDReports, recognizes the following companies as the key players in the global shale gas market: BP, Chevron, ConocoPhillips, Exxon Mobil, Royal Dutch Shell, and Statoil.
Commenting on the report, an analyst said: “One trend in the market is increasing investments in renewable energy. Switching from fossil fuels to renewable sources of energy such as wind and solar is the key to enable economic, social, and environmental development.”
According to the report, one driver in the market is advantages associated with shale gas. According to this shale gas market overview, the considerable advantages associated with the usage of shale gas will be having a positive impact on the market’s growth during the next few years. With its lowest carbon content among all the fossil fuels, shale gas is one of the cleanest burning fossil fuels.
Further, the report states that one challenge in the market is technical challenges related to shale gas production. The extraction of gas from the shale reserves is challenging due to the presence of different types of rocks and the need to assess different characteristics before extraction.
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.
Read more on ASDReports!
