Investment in the unconventional energy sector has witnessed unpredicted growth in recent years as global oil demand has increased and crude prices have surged to new heights.
Investment in the unconventional energy sector has witnessed unpredicted growth in recent years as global oil demand has increased and crude prices have surged to new heights. This led to sizeable investment in the exploration and development of various unconventional energy sources. One of the major factors that made the exploration of the Canadian oil sands economically feasible was the growing oil price due to the surging demand across the world. However the current financial crisis and the collapse of the oil price have put a temporary brake on oil and gas industry investments. The impact on the environment is another factor against the oil sands industry. Consequently, the US, which is among the major importers of oil from Canada is trying to reduce its use of oil from oil sands. This has led the Canadian government to scout for investments from other regions. At this juncture, the Asian oil companies have a huge opportunity to expand their presence in the oil sands industry.
This analysis was taken from a research paper published by GlobalData, to download the full Research Paper for free, click below:
Access the latest Exploration and Production analysis for free at www.ResearchViews.com
ResearchViews is your number one portal for industry related news, research, analysis and deals data. ResearchViews offers up to the minute content produced by an expert team of industry analysts.
All content on the site is free to view and allows users to keep up to date with the latest developments in their chosen industry. Free daily and weekly newsletters provide a snapshot of the major issues affecting the industry. The site also features a research store, providing the user with access to premium business intelligence from some of the world's leading market research publishers.