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Oil and gas industry

Research guide

Published: 13 Mar 2019 Updated: 22 Sep 2020 Update History

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Contents

Use our industry guide to find key background information, market research, import and export guidelines, statistics, legislation, trade bodies and trade publications.

The Business & Industry Guides series is produced by the Library & Information Service for ICAEW members and ACA students.

We can compile tailored key players reports, mailing lists, market reports, benchmarking reports and industry news. Our enquiry team can also research other industry-specific information, such as taxation, for you. Call us on +44 (0)20 7920 8620 or email library@icaew.com.

Trends and forecasts

 

Energy Outlook
Annual publication from BP projecting long-term trends in energy production, trade and consumption around the world. The full report, individual region and country factsheets and Excel data tables are available to download.

Oil and Gas Trends 2019
Annual publication from PwC Strategy& looking at major trends, challenges and opportunities for oil and gas companies.

A Sea Change: The future of the North Sea Oil & Gas
Report published by PwC in 2016, examining the future of the North Sea hydrocarbon basin over the next fifty years.

Oil and Gas in Emerging Markets
Report produced by EY in 2016, examining how the global fall in prices has affected many emerging market economies who are heavily dependent on oil revenue and what the future holds.

Oil and Gas Analytical Bulletin
Bulletin produced by the Scottish government summarising recent trends in the Scottish oil and gas industry and the future outlook for the sector.

African oil and gas: Driving sustainable growth
Report produced by EY in April 2014 looking at current oil and gas activity across Africa and at trends, opportunities and challenges.

Market research

Market research reports focusing on this business sector are available from a number of market research specialists. In most cases these reports are available to fee-paying subscribers or on a pay-as-you-go basis.

Some free information is available from the following market research specialists, ranging from industry news to executive summaries of the reports.

Euromonitor
Research reports for the oil and gas industry are available from Euromonitor, with a range of global, country and company level reports. Each report provides a contents listing and a useful executive summary reporting on the key trends in each country report.

IBISWorld
Business and industry research specialists offering reports on a wide range of sectors. Topics include crude petroleum extraction; natural gas extraction; petroleum and natural gas support activities; petroleum refining; and industrial gas manufacturing. Report snapshots, table of contents and a sample report are available. The company also produces global industry research reports.

Mintel
Report from Mintel covering the UK energy industry. The website includes a summary and the option to view a contents listing.

Industry news

The Library can carry out industry news searches for ICAEW members and ACA students.

Statistics on the UK

Department for Business, Energy & Industrial Strategy

The Department for Business, Energy & Industrial Strategy provides annual, quarterly and monthly statistics on supply, production, and trends in oil and gas.

Office for National Statistics

The Annual Business Survey (ABS) from the Office for National Statistics collects financial information covering UK production, construction, distribution and service industries. Statistics available include:

  • number of enterprises;
  • total turnover;
  • approximate gross value added at basic prices;
  • total purchases of goods, materials and services;
  • total employment – average during the year;
  • total employment costs;
  • total net capital expenditure;
  • total net capital expenditure – acquisitions;
  • total net capital expenditure – disposals;
  • total stocks and work in progress – value at end of year;
  • total stocks and work in progress – value at beginning of year;
  • total stocks and work in progress – increase during year.

The dataset Non-financial business economy, UK: Sections A to S includes statistics for:

  • Extraction of crude petroleum and natural gas (06)
  • Support activities for petroleum and natural gas extraction (09.1)

See Section B: Mining and quarrying.

Statistics on Europe

Eurostat

Eurostat, the EU statistics hub, collates detailed Structural Business Statistics giving the latest figures for industry, construction, trade and services by sector and country. The indicators available include:

  • number of enterprises
  • turnover or gross premiums written
  • production value
  • value added at factor cost
  • gross operating surplus
  • wages and salaries
  • social security costs
  • gross investment in tangible goods
  • gross investment in land
  • gross investment in existing buildings and structures
  • gross investment in construction and alteration of buildings
  • gross investment in machinery and equipment
  • number of employees
  • number of persons employed per enterprise.

Statistics within the database are available for:

  • Extraction of crude petroleum and natural gas (B06)
  • Support activities for petroleum and natural gas extraction (B091)

See database section ‘SBS – industry and construction’.

Statistics on Asia

ASEAN

ASEAN, the Association of Southeast Asian Nations, produces an annual Statistical Yearbook which includes a section on oil and gas. Figures cover:

  • crude oil production
  • natural gas production
  • petroleum products exports and imports
  • crude oil exports and imports
  • trends by country
  • major markets of crude oil and petroleum products
  • major suppliers of crude oil and petroleum products.

Global statistics

BP

BP produces an annual Statistical Review of World Energy containing detailed data on reserves, prices, trade, production and consumption of different energy sources broken down by country, region and sector. Historical data is also available to download. The report covers oil, natural gas, coal, nuclear energy, hydroelectricity, renewable energy and primary energy.

International Energy Agency

The International Energy Agency (IEA) publishes several annual statistical reports on the sector, including Oil Information. Each report contains detailed country-by-country data and analysis of historical and current market trends. They can be purchased from the OECD and IEA bookshops.

INDSTAT

The UN Industrial Development Organization (UNIDO) collects and compiles industrial statistics known as INDSTAT, which give information on:

  • number of employees
  • number of establishments
  • output
  • value added
  • total wages and salaries.

Statistics by country are available for:

  • Refined petroleum products (2320)

UN Commodity Trade Statistics Database (Comtrade)

The UN compiles and publishes international import and export statistics in the Commodity Trade Statistics Database (Comtrade), giving figures for goods traded by value, quantity and weight for each country.

Statistics are available for:

  • Mineral fuels, oils, distillation products, etc (27)

UN Industrial Commodity Statistics Database

The UN provides statistics on the quantity of goods produced by country in the Industrial Commodity Statistics Database.

Figures are available for:

  • Crude petroleum and natural gas (12)
  • Coke-oven gas (17)
  • Gasworks gas (17)

Employment

UK

Average employment costs within this sector are available from Table 14 of the Office for National Statistics publication Annual Survey of Hours and Earnings (ASHE). Average employment costs are provided for full-time employees, part-time employees and all employees.

The data includes average employment costs for:

  • managers in mining and energy;
  • science and technology professionals;
  • science and engineering technicians;
  • chemical and related process operatives;
  • energy plant operatives.

Other regions

Please see individual country profile pages for links to sources of national statistics.

Legislation and regulation

UK

The Health and Safety Executive (HSE) has a section on offshore oil and gas, which includes latest regulations affecting this industry.

The Department for Business, Energy & Industrial Strategy oil and gas website Oil and gas: offshore environmental legislation provides links to relevant regulations, codes of practice, reports and guidance notes.

Import and export

Trade Tariff

The Trade Tariff is a useful Gov.uk database listing tax, duties and licenses for the import and export of goods between the UK and other countries. The database is searchable by product or commodity code and results can be filtered by date and country. Information also includes links to relevant conditions and regulations.

See import and export information for:

UK key players, ratios and trends

A range of reports on this sector are available to ICAEW members and ACA students via the Library.

UK benchmarking

We offer benchmarking reports that can be used to inform your own business strategy or help you identify value-added services to offer to your clients.

Contact the enquiry team directly on +44 (0)20 7920 8620 or at library@icaew.com for a report tailored to your own specific requirements.

Trade bodies

Trade journals and publications

Trade journals, B2B magazines and specialist consumer magazines are another useful source of news and statistics.

Further reading

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.

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