This page contains a Flash digital edition of a book.
machinery at every point in the extraction process, including machinery for drilling, casing and the completion of wells. Shale deposits are typically located at depths of 6000' (1830 m) or more below the surface, and are typically thin depending on their location. Consequently, horizontal drilling enables upstream operators to drill along the shale deposit, allowing them to access a large area of resources from a single well pad. Upstream oil & gas producers also demand high-quality


oil country tubular goods (OCTG), which consist of drill pipes, casing and tubing products. Tese products must be able to withstand high levels of pressure and be resistant to the corrosive characteristics of extracted products. Increasing hydraulic fracturing, horizontal drilling and in-situ extrac- tion usage has spurred demand in this product segment, and IBISWorld expects this trend to persist in the five years to 2019. Upstream oil & gas extractors are expected to continue demanding high quality OCTGs, and manufacturers of these goods are projected to benefit from such elevated demand in the next five years. While regulatory hurdles are anticipated to continue over


the five years to 2019, IBISWorld expects technology to adapt to increasing regulatory oversight and environmental require- ments. Te process of cementing and casing is essential in oil & gas production, and IBISWorld expects technology in this segment to become a primary focus moving forward. When a well is being drilled, whether horizontally or traditionally, the drill operator incrementally cements the annulus, which is the


space between a steel casing and the surrounding geological formation, to isolate the surrounding area from the extraction process. Increasing attention on the environmental impact of hydraulic fracturing and horizontal drilling is expected to encourage further development of the casing and cementing process; therefore, IBISWorld expects that this segment of machinery could experience a period of increased innovation during the five years to 2019.


Recovering Energy Markets Te Mining, Oil & Gas Machinery Manufacturing indus-


try supplies a variety of mining industries with necessary equipment for cost-effective mineral extraction. Environ- mental concerns regarding coal usage have only partially offset steady demand in the mining sector, and while these concerns are expected to persist in the five years to 2019, the US is still expected to rely on diverse sources of energy. Additionally, the 2011 accident at Japan’s Fukushima Daiichi nuclear power station has garnered significant attention from the nuclear power sector in the US. However, IBISWorld ex- pects that the impact of this event will not significantly offset demand for uranium mining operations in the United States over the five years to 2019. Te EIA anticipates that both nuclear and coal power


generation will maintain their relative shares of energy con- sumption in the United States until 2040. Coal, for instance, sustains one of the highest levels of energy return on


Energy Manufacturing 2014 13


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180  |  Page 181  |  Page 182  |  Page 183  |  Page 184  |  Page 185  |  Page 186  |  Page 187  |  Page 188  |  Page 189  |  Page 190  |  Page 191  |  Page 192  |  Page 193  |  Page 194  |  Page 195  |  Page 196  |  Page 197  |  Page 198  |  Page 199  |  Page 200
Produced with Yudu - www.yudu.com