Outstanding Scope of Oil Downstream Activities Market is Estimated to Grow Incredible CAGR till 2025 | ExxonMobil, Royal Dutch Shell, China Petroleum & Chemical, BP, Chevron

Global Oil Downstream Activities Market Synopsis:

The exclusive research report on the Global Oil Downstream Activities Market 2020-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Oil Downstream Activities Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

As per the market research study, the refineries are increasingly adopting carbon capture and storage techniques to reduce CO2 emission levels in the atmosphere.  This technique involves trapping of CO2 at its emission source and transporting it to a different storage location which is actively monitored and measured. This way CO2 is isolated from the atmosphere, thereby reducing emission levels. Globally there are about 15 large scale projects and 7 under construction projects with the capacity to capture about 40 million tonnes CO2 per annum, thus indicating the potential of CCS technology in minimizing carbon emissions.

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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Oil Downstream Activities Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

In terms of the geographic analysis, APAC was the largest region in the Global Oil Downstream Activities Market. North America was the second largest region of the Global Oil Downstream Activities Market. South America was the smallest region in the Global Oil Downstream Activities Market.

Top Major Key Players in the Global Oil Downstream Activities Market:

1 Royal Dutch Shell

2 Exxon Mobil

3 China Petroleum & Chemical

4 BP

5 Chevron and More……………

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Product Type Segmentation

1 Refined Petroleum Products

2 Asphalt Lubricating Oil and Grease

Industry Segmentation

1 Crude Petroleum Comprises

2 Natural Gas Extraction Comprises

Top Industry News:

ExxonMobil (April 09, 2020) - ExxonMobil field testing new comprehensive methane monitoring technologies - ExxonMobil is conducting field trials of eight emerging methane detection technologies, including satellite and aerial surveillance monitoring, at nearly 1,000 sites in Texas and New Mexico to further reduce methane emissions.

The field tests are evaluating effectiveness and scalability of a range of next-generation detection technologies that in addition to satellites use drones, planes, helicopters, ground-based mobile and fixed-position sensors. All technologies and deployment methods will be used to detect leaks and identify potential solutions that can be shared with other oil and gas operators.

“By testing the most promising methane detection technologies in a field environment, we are providing viable solutions that can be adopted by other producers to detect and reduce methane emissions,” said Staale Gjervik, senior vice president of unconventional at ExxonMobil. “We are applying scientific rigor and taking aggressive steps to find commercially scalable and affordable solutions for all operators.”

The technologies are being validated by a combination of field observations, optical gas imaging cameras and portable methane detection instruments. ExxonMobil is also comparing measurements to downwind emissions observations using technology by Aerodyne Research that enables holistic measurement of site emissions.

“We are already seeing the benefits of some of these technologies,” said Gjervik. “Through the trials, we have discovered methane sources that would otherwise not have been detected as efficiently or quickly under the current methods prescribed by regulations. The company is committed to immediately investigating and fixing methane emissions that are detected during the trial.”

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Major Points in Table of Contents:

Global Oil Downstream Activities Market Report 2020

1 Oil Downstream Activities Product Definition

2 Global Oil Downstream Activities Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Oil Downstream Activities Shipments

2.2 Global Manufacturer Oil Downstream Activities Business Revenue

2.3 Global Oil Downstream Activities Market Overview

2.4 COVID-19 Impact on Oil Downstream Activities Industry

3 Manufacturer Oil Downstream Activities Business Introduction

3.1 Royal Dutch Shell Oil Downstream Activities Business Introduction

3.2 Exxon Mobil Oil Downstream Activities Business Introduction

3.3 China Petroleum & Chemical Oil Downstream Activities Business Introduction

3.4 BP Oil Downstream Activities Business Introduction

3.5 Chevron Oil Downstream Activities Business Introduction

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