Oil consumption during 2005 is estimated to be in the region of 83.2 m barrels per day (b/d) representing a growth of 1.3% y/y while supply is estimated to be 84.3m b/d growing 1.6% y/y. Gas consumption has been estimated to have grown by 2.8% y/y to 2,765 billion cubic meters (bcm) in 2005 with supply being 2,755 bcm growing 2.4% y/y.  Key growth drivers related to the industry are GDP growth, growth in consumption in the emerging markets, international trade and weather conditions. Application of technology has become paramount in search of new reserves and for increasing productivity from mature reserves. Technology is contributing immensely in all the segments of the oil and gas industry. World oil demand is forecast to grow by 1.9% to average 84.8m b/d for 2006 and 86.75m b/d for 2007 with emerging countries like China and India driving the incremental demand.

The Global Oil and Gas Industry Insight -2006 provides an in depth coverage of the industry as a whole. The report covers the macro issues and gives a broad overview of the industry from the global perspective. It consists of ten chapters including the industry overview, growth drivers related to the industry, major issues and challenges the industry has been facing in the recent times, application of technology, major markets associated with the sector, the major players driving the industry, regulatory aspects, mergers and acquisitions and critical success factors related to the business of oil and gas. Future Outlook provides an in-depth discussion on the demand and supply scenario of oil and gas industry for 2006-07. The future outlook of some very significant factors like reserves and prices of crude oil have also been discussed. The upstream and downstream segments of the industry have been focused as they are the major segments worldwide.

This report is relevant to all those who are related to the industry and to those who are keen on having a firsthand overview of the industry. The report helps the reader gain a broad understanding of the oil and gas industry.

Total Pages: 165, Tables: 24, Figures: 95

Countries covered:

North America
US
Europe and Eurasia
Japan
China
India
Middle East

1. Executive Summary

2. Highlights

3. Industry Overview
3.1 Introduction, 3.2 Present Scenario, 3.3 Major Segments, 3.3.1 Upstream Segment, 3.3.2 Downstream Segment, 3.4 Demand and Supply, 3.4.1 Reserves Position, 3.4.2  Demand and Supply: Oil, 3.4.3 Demand and Supply: Gas, 3.5 Trends in the Industry, 3.5.1 High Crude Oil and Natural Gas Prices, 3.5.2 Consolidation, 3.5.3 Risk Management, 3.5.4 Application of Technology, 3.5.5 Chinese Companies Pursuing Overseas Assets, 3.6 Conclusion, 3.7 References

4. Growth Drivers
4.1 Introduction, 4.2 GDP growth, 4.3 Consumption growth in emerging markets, 4.4 Consumption from growth in end-user segments, 4.4 International trade, 4.5 Weather, 4.6 Conclusion, 4.7 References

5. Issues and challenges
5.1 Introduction, 5.2 Volatile energy prices, 5.2.1 OPEC’s production changes, 5.2.2 Reserves lagging behind production, 5.3 Terrorism and geopolitical instability, 5.4 Drying reserves, 5.4.1 Crude oil, 5.4.2 Natural gas, 5.4.3 Alternative fuels, 5.5 Conclusion, 5.6 References

6. Technology
6.1 Introduction,6.2 Segmental Technological Trends,6.2.1 Upstream,6.2.2 Downstream,6.3 Changes in technology and its application during 2005,6.3.1 Wireless Sensor Networks,6.4 International Energy Agency’s study on oil and gas technologies for future energy markets,6.5 Conclusion,6.6 References

7. Major Markets
7.1 Introduction,7.2 North America,7.2.1 US,7.2.1.4 Major Players,7.3 Europe and Eurasia,7.4 Japan,7.5 China,7.6 India,7.7 Middle East,7.8 Africa,7.9 Conclusion,7.10 References

8. Major Players
8.1 Introduction,8.2 ExxonMobil,8.2.1 Business Profile,many consumer products.,8.2.2 Financial Analysis,8.2.3 Operational Analysis,8.2.4 Stock Performance,8.2.5 Strategies,8.2.6 Outlook,8.3 Chevron Corporation,8.3.1 Business Profile,8.3.2 Financial Analysis,8.3.3 Operational Analysis,8.3.4 Stock Performance,8.3.5 Strategies,8.3.6 Outlook,8.4.   BP Plc,8.4.1 Business Profile,8.4.2 Financial Analysis,8.4.3 Operational Analysis,8.4.4 Stock Performance,8.4.5 Strategies,8.4.6 Outlook,8.5 Total,8.5.1 Business Profile,8.5.2 Financial Analysis,8.5.3 Operational Analysis,8.5.4 Stock Performance,8.5.5 Strategies,8.5.6 Outlook,8.6 ENI SpA,8.6.1 Business Profile,8.6.2 Financial Analysis,8.6.3 Operational Analysis,8.6.4 Stock Performance,8.6.5 Strategies,8.6.6 Outlook,8.7 ConocoPhillips,8.7.1 Business Profile,8.7.2 Financial analysis,8.7.3 Operational Analysis,8.7.4 Stock Performance,8.7.5 Strategies,8.7.6 Outlook, 8.8 Petroleos Mexicanos, 8.8.1 Business Profile, 8.8.2 Financial Analysis, 8.8.3 Operational Analysis, 8.8.4 Outlook, 8.9 Royal Dutch Shell, 8.9.1 Business Profile, 8.9.2 Financial Analysis, 8.9.3 Operational Analysis, 8.9.4 Stock Performance, 8.9.5 Strategies, 8.9.5 Outlook, 8.10 Halliburton, 8.10.1Business Profile, 8.10.2 Financial Analysis,8.10.3 Operational Analysis,8.10.4 Stock Performance,8.10.5 Strategies,8.10.6 Outlook,8.11 Plains all-American Pipeline LP,8.11.1 Business Profile,8.11.2 Financial Analysis,8.11.3 Operational Analysis,8.11.4 Stock performance,8.11.6 Outlook,8.12 Conclusion

9. Regulatory Aspects
9.1 Introduction,9.2 Historical Perspective,9.3 Important Environmental Regulations,9.3.1 Clean Air Act,9.3.2 Kyoto Protocol,9.3.3 Safe Drinking Water Act,9.4 Other Regulations,9.4.1 US Energy Bill,9.4.2 Strategic Reserves,9.4.3 Pipeline Regulation and Safety,9.5 Conclusion,9.6 References

10. Mergers and Acquisitions
10.1 Introduction,10.2 Present Scenario,10.3 Drivers for Mergers and Acquisitions,10.3.1 Pressure to Replenish Reserves,10.3.2 Increasing Market Share,10.3.3 High Finding and Development Costs,10.4 Trends in M&A,10.4.1 List of Major M&A in 2003-2005,10.4.2 Deals by Geography,10.5 Impact of M&A,10.6 Conclusion,10.7 References

11. Critical Success Factors
11.1 Introduction,11.2 Reserve Replacement Ratio,11.3 Reserve Life,11.4 Finding and Development Cost,11.5 Technology,11.6 Integration Levels,11.7 Conclusion,11.8 References

12. Future Outlook
12.1 Introduction,12.2 Economy Outlook,12.3 Demand Supply Outlook,12.3.1 Demand,12.3.2 Supply,12.4 Reserve Outlook,12.5 Price Outlook,12.6 Conclusion,12.7 References

LIST OF FIGURES

Figure 3.1: Primary Energy Consumption by Fuel (2004),Figure 3.2: Global Demand for Oil & Gas (2001-05),Figure 3.3: Global crude oil & gas production (2001-05),Figure 3.4: OPEC production by country (2005),Figure3.5: Global Output of Refined Products (2001-05),Figure 3.6: Regional refining capacity (2005),Figure 3.7: Oil & gas reserves (1995-2004),Figure 3.8: Global demand and supply of oil (2001-05),Figure 3.9: Oil demand by regions (2005),Figure 3.10: Global demand supply scenario of gas (2001-05),Figure 3.11: Volatile crude oil prices (Jan’03-Dec’05),Figure 3.12: Growth in M&A deals (2003-05),Figure 3.13: Annual volume of LS Crude and Natural Gas (1996-2005),Figure 4.1: Global Oil Vs GDP Growth (1996-2005),Figure 5.1: Rising Oil Prices (1990-2005),Figure 5.2: Trends in OPEC Production (1990-2005),Figure 5.3: Fall in New Reserves (1990-2004),Figure 5.4: Trends in Oil Reserves and RP Ratio (2000-2004),Figure 5.5: Trends in Gas Reserves and RP Ratio (2000-04),Figure 7.1: Market size-oil (m b/d) 2005E,Figure 7.2: Market size-gas (bcm) 2005E,Figure 7.3: GDP vs oil & gas demand: North America (2001-05),Figure 7.4: Demand and supply of oil: North America (2001-05),Figure 7.5: Fall in reserves in North America (1995-2004),Figure 7.6: Demand and supply of oil: US (2001-05),Figure 7.7: Demand and supply of natural gas: US (2001-05),Figure 7.8: Refinery throughputs: US (2001-05),Figure 7.9: Petroproducts consumption trend: US (1991-04),Figure 7.10: Oil and gas reserves in Europe & Eurasia (1995-2004),Figure 7.11: Demand and supply of oil: Europe & Eurasia (2001-05),Figure 7.12: Demand and supply of natural gas: Europe & Eurasia (2001-05),Figure 7.13: Refinery throughputs: Europe & Eurasia (2001-05),Figure 7.14: Petroproducts consumption trend: Europe & Eurasia (1991-04),Figure 7.15: GDP vs oil & gas demand: Japan (2001-05),Figure 7.16: Oil demand: Japan (2001-05),Figure 7.17: Refinery throughputs: Japan (2001-05),Figure 7.18: Petroproducts consumption trend: Europe & Eurasia (1991-04),Figure 7.19: GDP vs oil & gas demand: China (2001-05),Figure 7.20: Oil & gas reserves: China (1995-2004),Figure 7.21: Demand supply of oil: China (2001-05),Figure 7.22: Demand and supply of gas: China (2001-05),Figure 7.23: Refinery throughputs: China (2001-05),Figure 7.24: Petroproducts consumption trend: China (1991-04),Figure 7.25: GDP vs oil & gas growth (1999-2005),Figure 7.26: Oil & gas reserves: India (1995-2004),Figure 7.27: Demand and supply of oil: India (2001-05),Figure 7.28: Demand and supply of natural gas: India (2001-05),Figure 7.29: Refinery throughputs: India (2001-02 to 2004-05),Figure 7.30: Oil & natural gas reserves: Middle East (1995-04)Figure 7.31: Demand and supply of oil: Middle East (2001-05),Figure 7.32: Demand and supply of gas: Middle East (2001-05),Figure 7.33: Refinery throughputs: Middle East (2001-05),Figure 7.34: Crude oil & natural gas reserves in Africa (1995-04),Figure 7.35: Demand and supply of oil: Africa (2001-2005),Figure 7.36: Demand and supply of natural gas: Africa (2001-05),Figure 8.1: Exxon Mobil Revenue (2001-2005),Figure 8.2: Exxon Mobil Revenue by Segment (2001-2005),Figure 8.3: Exxon Mobil Revenue by Region (2003-2005),Figure 8.4: Exxon Mobil Revenue by Region (non-US) (2003-2005),Figure 8.5: Exxon Mobil Share Price Movement in 2005 (NYSE),Figure 8.6: Chevron Segmental Revenue Trend (2003-2005),Figure 8.7: Chevron Revenue by Region (2003-2005),Figure 8.8: Chevron Corp Share Price Movement in 2005 (NYSE),Figure 8.9: BP Segmental Revenue Trend (2003-2005),Figure 8.10: BP Revenue by Region (2003-2005),Figure 8.11: BP PLC ADR Price Movement in 2005 (NYSE),Figure 8.12: Total Revenue by Segment (2003-2005),Figure 8.13: Total Revenue by Region (2002-2004),Figure: 8.14 Total ADR Movement in year 2005 (NYSE),Figure 8.15: ENI Revenue by Segment (2003-2005),Figure 8.16: ENI Revenue by Region (2002-2004),Figure 8.17: ENI Price ADR Movement in year 2005 (NYSE),Figure 8.18: ConocoPhillips Segmental Revenue Trend (2003-2005),Figure 8.19: ConocoPhillips Revenue by Region (2003-2005),Figure 8.20: ConocoPhillips Share Price Movement in 2005 (NYSE),Figure 8.21: Petroleos Segmental Revenue Trend (2002-2004),Figure 8.22: Royal Dutch Shell Segmental Revenue Trend (2003-2005),Figure 8.23: Royal Dutch Shell Revenue by Region (2003-2005),Figure 8.24: Royal Dutch Shell ADR Movement in 2005 (NYSE),Figure 8.25: Halliburton Revenue Trend (2001-2005),Figure 8.26: Halliburton Segmental Revenue Trend (2003-2005),Figure 8.27: Halliburton Share Price Movement in 2005,Figure 8.28: Plains All-American Pipeline Lp Revenue Trend (2001-2005),Figure 8.29: Plains All-American Pipeline Lp Segmental Revenue Trend (2003-2005),Figure 8.30: Plains All-American Pipeline Lp Share Price Movement in 2005 (NYSE),Figure 10.1: Global upstream deal value (Deals >USD 10m),Figure 10.2: Finding and Development Cost by Region,Figure 10.3 Upstream deals in Different Regions (2004),Figure 11.1 World Oil change in Production Vs Reserves (2000-04),Figure 11.2: Oil and Gas Reserves Life (2000-04),Figure 11.3: Average Cost of Production per Barrel (2003-05),Figure 12.1: World Oil Demand (2003-07),Figure 12.2: World Natural Gas Demand (2003-07),Figure 12.3: World Oil Supply (2003-07),Figure 12.4: World Gas Supply (2003-07)

LIST OF TABLES

Table 4.1 US Energy Breakdown (2004),Table 4.2 International Trade of Crude Oil and Refined Products for 2004,Table 7.1: Major Players in the US (Share in 2005),Table 7.2 Major Players in North America,Table 7.3 Major Players in Europe and Eurasia,Table 7.4 Major Players in Japan, Table 7.5 Major Players in China, Table 7.6 Major Players in India (2004), Table 7.7 Major Players in Middle East, Table 7.8 Major Players in Africa, Table 8.1 Top Ten Oil and Gas Companies in 2005, Table 8.2 ExxonMobil at a Glance, Table 8.3 Chevron Corp at a Glance, Table 8.4 BP Plc at a Glance, Table 8.5 Total at a Glance, Table 8.6 ENI at a Glance, Table 8.7 ConocoPhillips at a glance, Table 8.8 Petroleos Mexicanos at a glance, Table 8.9 Royal Dutch Shell at a glance, Table 8.10 Halliburton at a glance, Table 8.11 Plains all-American Pipeline LP at a glance, Table 9.1 Reduction in Greenhouse Gases, Table 9.2 Fracturing Fluids and Conditions for Their Use, Table 10.1 Major M&A Deals (2002 - 05)