The Oil, Gas and Mining Consultants industry has undergone robust growth over the past five years. Oil and gas companies have been aggressively pursuing oil and natural gas deposits trapped in shale rock deposits, and mining companies have benefited from recovering demand over the period. Additionally, hydraulic fracturing and horizontal drilling techniques have bolstered the United States' position in global petroleum markets. In the five years to 2019, demand from both petroleum and mining companies will rise steadily over the period, as economic growth is projected to continue its recovery from the recession. Furthermore, oil and gas companies will continue to demand consulting services to help handle shifting regulatory landscapes and monitor environmental issues.
Companies in this industry provide advice to businesses and other organizations regarding the exploration and development of valuable minerals and other geological materials. Furthermore, industry consultants also provide expertise related to energy efficiency and regulatory changes. This industry does not include companies that provide geological surveying and mapping services. Those are included in the Geophysical Services industry (IBISWorld report 54136).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.