Dallas, Texas (PRWEB) May 13, 2015
Bunker fuel companies such as Chemoil Energy and World Fuel Services offer bunkering services in all major ports across the world. Prominent independent distributors with fuel storage terminals and blending platforms in main bunkering ports have an extra advantage over small-sized distributors. Large and financially strong bunker oil suppliers acquire huge shares in large ports, compared to small suppliers. With increased demand for bunker fuel from China, Singapore, and Malaysia, bunker supply companies are likely to expand their operations in major ports of this region. Technological innovations will also gain more momentum as a result of increased investment in R&D, which will smooth over the oil and gas production process. The analysts forecast global bunker oil market to grow at a CAGR of 4.0% over the period 2014-2019. The demand for liquefied natural gas (LNG) is increasing significantly. It is used to reduce CO2 emissions and is odorless, non-toxic and non-corrosive. The National Environmental Policy Act (NEPA) mandates that US federal agencies must carefully consider the environmental impact of oil exploration and explore reasonable alternatives before making any decisions.
Complete report spreads across 57 pages, the report provides 24 List of Exibits. Browse the report on Global Bunker Oil Market 2015-2019 at http://www.reportsnreports.com/reports/390868-global-bunker-oil-market-2015-2019.html.
With increased demand for bunker fuel from China, Singapore, and Malaysia, bunker supply companies are likely to expand their operations in major ports of this region. According to the report, vendors have increased their focus on implementing digital oilfields, whose communication infrastructure is more robust and reliable than that of existing oilfields. These oilfields mainly comprise modern technologies for communication combined with automation, IT, and instrumentation and control. They are also highly efficient compared to existing oilfield platforms, as they provide real-time data that helps adapt the production process depending on availability. They are fully equipped with hi-tech communication devices with efficient data management software, providing precise and reliable information. Wider implementation of these oilfields will ultimately propel overall market growth.
The report covers segmentation of the global bunker oil market based on fuel type (Residual Fuel and Distillate Fuel) and geography.
Technological innovations will gain more momentum as a result of increased investment in R&D, which will smooth over the oil and gas production process. The report recognizes the following companies as the key players in Global Bunker Oil Market 2015-2019: Bomin Bunker Holding, Chemoil International, KPI Bridge Oil London, Sentek Marine & Trading and Transocean Oil.
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Other Prominent Vendors in the market are: Apex Oil Company, Baltic Fuel Company, BP Singapore, Curoil, Hin Leong Trading, Lukoil-Bunker, Neste Oil, Riverlake Group and Stena Oil.
Further, the report states that the ROI in this market has been unpredictable, which has affected overall investment in bunker oil projects.
Other Related Report:
Global Petcoke Market 2015-2019 (http://www.reportsnreports.com/reports/384561-global-petcoke-market-2015-2019.html): The analysts forecast global petcoke market to grow at a CAGR of 10.29% over the period 2014-2019.
The report covers present scenario and the growth prospects of the global petcoke market for the period 2015-2019. The global petcoke market has been segmented on the basis of products (fuel-grade and calcined coke) and end-users (cement, power plants, aluminum, steel, fertilizer, paper, and paints and colouring industries).
The report recognizes the following companies as the key players in Global Petcoke Market 2015-2019: BP, Chevron, China National Petroleum, Reliance Industries, Royal Dutch Shell and Saudi Aramco.s
Other Prominent Vendors in the market are: Essar Oil, HPCL, IOCL, Koch Carbon, Oxbow and Valero.
With rising production of heavy oil and tar sands, producers are integrating more coker units in their refinery layouts to optimize operations and boost recovery of saleable fuel oils such as gasoline, diesel, and kerosene. In the US, coker capacity of 23,000 tons per day has been in development since 2008. The steep increase in coker capacity should capitalize on the full potential of heavy oil production from Canada and Venezuela and optimize refinery profits.
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