Oil and Gas Construction Project Insights and Analytics (Q4 2023)

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Published: November 17, 2023 Report Code: GDCN0265PI-ST

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Oil and Gas Construction Projects Overview

The oil and gas construction projects are worth $4.0 trillion as of Q4 2023, which includes projects from the pre-planning stage to the execution stage. Projections indicate a moderate growth trajectory for the global oil and gas infrastructure market in the coming years fueled by the expanding LNG infrastructure, the shift towards natural gas, and the development of new upstream fields. While the upstream oil and gas infrastructure market is expected to grow slightly slower due to a heightened focus on renewable energy and potential production declines in mature basins, the downstream market is anticipated to grow steadily. This growth is driven by the increasing demand for refined products in developing economies.

The oil and gas construction projects research report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects.

Market Size (Q4 2023) $4.0 Trillion
Key Regions ·        Middle East and North Africa (MENA)

·        North America

·        Northeast Asia

·        South Asia

·        Southeast Asia

·        Western Europe

·        Eastern Europe

·        Latin America

·        Australasia

·        Sub-Saharan Africa
Key Funding Mode ·        Private

·        Public

·        Public/Private
Leading Contractors ·        Fluor Corp

·        SBM Offshore NV

·        Saipem SpA

·        Bechtel Group Inc

·        McDermott International Inc

·        KBR Inc
Leading Designers and Consultants ·        Jacobs Engineering Group Inc

·        Mitsui E&S Holdings Co., Ltd.

·        Aker Solutions ASA

·        WorleyParsons Ltd

·        Linde Plc
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Oil and Gas Construction Projects Regional Segmentation

The key regions in the oil and gas construction projects are North America, Northeast Asia, South Asia, Middle East and North Africa (MENA), Southeast Asia, Western Europe, Eastern Europe, Latin America, Australasia, and Sub-Saharan Africa. In terms of the project pipeline value, the MENA region holds the largest share in 2023.

MENA: OPEC+ countries decided to cut oil production in September 2023, which may worsen supply issues due to the Ukraine war, potentially increasing earnings and investment. Global decarbonization policies have varied effects in the region. Iraq aims to match Saudi Arabia’s oil output by 2027 but faces political challenges hindering quick growth. The energy transition may prevent Iraq from capitalizing on its vast oil reserves. Saudi Arabia and others are reducing oil and gas investment to focus on renewables. Unconventional resources like shale are gaining importance in the Middle East and North Africa, leading to more investment in related projects. LNG demand is growing in the region, prompting the expansion of LNG infrastructure. Governments are increasingly implementing local content requirements in oil and gas projects to boost the local economy.

North America: The post-pandemic period and the current Russia-Ukraine war has spurred a diminished outlook for the oil and gas industry in North America. Notably, a discernible shift in energy policy at the federal and state levels is influencing investment decisions. Oil and gas companies are increasingly inclined towards diversification, which is exerting pressure on future investments in significant projects within the sector. This trend is driven by the imperative to align with Net Zero targets. Capital spending by major U.S. oil companies is undergoing a redirection, moving away from carbon-intensive processes, and predominantly concentrating on strategies geared towards lower emissions. With an exception, North America is becoming a major exporter of LNG, thanks in part to the Russia-Ukraine war, and this is leading to an increase in investment into LNG infrastructure, such as liquefaction facilities, pipelines, and export terminals.

Oil and Gas Construction Projects Analysis, by Regions, 2023 (%)

Oil and Gas Construction Projects Analysis, by Regions, 2023 (%)

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Oil and Gas Construction Projects Funding Modes

The key funding modes for the oil and gas construction projects are public, public/private, and private. The private funding mode accounts for the majority share of the oil and gas construction projects in 2023.

Oil and Gas Construction Projects Analysis, by Funding Modes, 2023 (%)

Oil and Gas Construction Projects Analysis, by Funding Modes, 2023 (%)

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Oil and Gas Construction Projects – Competitive Landscape

Some of the leading contractors involved in the oil and gas construction projects market are:

  • Fluor Corp
  • SBM Offshore NV
  • Saipem SpA
  • Bechtel Group Inc
  • McDermott International Inc
  • KBR Inc

Some of the leading designers and consultants involved in the oil and gas construction projects market are:

  • Jacobs Engineering Group Inc
  • Mitsui E&S Holdings Co., Ltd.
  • Aker Solutions ASA
  • WorleyParsons Ltd
  • Linde Plc

Oil and Gas Construction Projects Analysis, by Contractors, 2023 (%)

Oil and Gas Construction Projects Analysis, by Contractors, 2023 (%)

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Oil and Gas Construction Projects - Latest Developments

  • TAQA Arabia, the full-service energy and utility provider in Egypt, has announced the commissioning of Tanzania’s first integrated Compressed Natural Gas (CNG) Filling Station and Conversion Center branded “Master Gas”.
  • Adnoc Offshore aims to raise the oil production potential of the Upper Zakum concession. Adnoc Offshore has allowed contractors more time to prepare commercial bids for a project to increase the oil production potential of Abu Dhabi’s largest producing oil asset, the Upper Zakum offshore field, to more than 1 million barrels a day (b/d).

Oil and Gas Construction Projects Segmentation

Oil and Gas Construction Projects Regional Outlook (Value, $ Trillion)

  • North America
  • Northeast Asia
  • South Asia
  • Middle East and North Africa (MENA)
  • Southeast Asia
  • Western Europe
  • Eastern Europe
  • Latin America
  • Australasia
  • Sub-Saharan Africa

Oil and Gas Construction Projects Funding Mode Outlook (Value, $ Trillion)

  • Public
  • Public/Private
  • Private

Scope

The report provides analysis based on GlobalData’s construction projects showing total project values and analysis by stage and funding for all regions. The top 20 projects per region are listed giving the country, stage, and value of projects. Ranked listings of the key operators for the sector are also provided showing the leading contractors, consulting engineers, and project owners.

Reasons to Buy

  • Gain insight into the development of the oil and gas buildings construction sector.

  • Assess all major projects by value, start date, scope, and stage of development globally, for the regions to support business development activities.

  • Plan campaigns by country based on specific project opportunities and align resources to the most attractive markets.

Table of Contents

Global Overview

Global – Oil and Gas Construction Projects

Global – Top 20 Oil and Gas Construction Projects

North America

Latin America

Western Europe

Eastern Europe

Middle East and North Africa

Sub-Saharan Africa

South-East Asia

South Asia

North-East Asia

Australasia

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Table

List of Tables

Table 1: Global – Oil and Gas, Construction Projects, Top 50 Projects by Value

Table 2: The Americas – Oil and Gas, Construction Project Pipeline, Value by Country and Stage (US$ million)

Table 3: The Americas – Oil and Gas, Construction Projects, Key Contractors

Table 4: The Americas – Oil and Gas, Construction Projects, Key Consultants

Table 5: The Americas – Oil and Gas, Construction Projects, Key Project Owners

Table 6: Asia-Pacific – Oil and Gas, Construction Project Pipeline, Value by Country and Stage (US$ million)

Table 7: Asia-Pacific – Oil and Gas, Construction Projects, Key Contractors

Table 8: Asia-Pacific – Oil and Gas, Construction Projects, Key Consultants

Table 9: Asia-Pacific – Oil and Gas, Construction Projects, Key Project Owners

Table 10: Europe – Oil and Gas, Construction Project Pipeline, Value by Country and Stage (US$ million)

Table 11: Europe – Oil and Gas, Construction Projects, Key Contractors

Table 12: Europe – Oil and Gas, Construction Projects, Key Consultants

Table 13: Europe – Oil and Gas, Construction Projects, Key Project Owners

Table 14: Middle East and Africa – Oil and Gas, Construction Project Pipeline, Value by Country and Stage (US$ million)

Table 15: Middle East and Africa – Oil and Gas, Construction Projects, Key Contractors

Table 16: Middle East and Africa – Oil and Gas, Construction Projects, Key Consultants

Table 17: Middle East and Africa – Oil and Gas, Construction Projects, Key Project Owners

Figures

List of Figures

Figure 1: Global – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 2: Global – Oil and Gas, Construction Project Pipeline, Value by Region and Stage (US$ million)

Figure 3: Global – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 4: Global – Oil and Gas, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value)

Figure 5: Global – Oil and Gas, Construction Project Pipeline, Top 10 Countries by Value and Stage (US$ million)

Figure 6: The Americas – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 7: The Americas – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 8: The Americas – Oil and Gas, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value)

Figure 9: The Americas – Oil and Gas, Construction Project Pipeline, Top 10 Countries by Value and Stage (US$ million)

Figure 10: Asia-Pacific – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 11: Asia-Pacific – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 12: Asia-Pacific – Oil and Gas, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value)

Figure 13: Asia-Pacific – Oil and Gas, Construction Project Pipeline, Top 10 Countries by Value and Stage (US$ million)

Figure 14: Europe – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 15: Europe – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 16: Europe – Oil and Gas, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value)

Figure 17: Europe – Oil and Gas, Construction Project Pipeline, Top 10 Countries by Value and Stage (US$ million)

Figure 18: Middle East and Africa – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 19: Middle East and Africa – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 20: Middle East and Africa – Oil and Gas, Construction Project Pipeline, Funding Mode (% of Total Pipeline Value)

Figure 21: Middle East and Africa – Oil and Gas, Construction Project Pipeline, Top 10 Countries by Value and Stage (US$ million)

Figure 22: US – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 23: US – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 24: Canada – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 25: Canada – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 26: Brazil – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 27: Brazil – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 28: India – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 29: India – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 30: Russia – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 31: Russia – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 32: Iraq – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 33: Iraq – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 34: Iran – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 35: Iran – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 36: Nigeria – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 37: Nigeria – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 38: Australia – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 39: Australia – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

Figure 40: Indonesia – Oil and Gas, Construction Project Pipeline, Value by Stage (US$ million)

Figure 41: Indonesia – Oil and Gas, Construction Project Pipeline, Projected Spending by Stage (US$ million)

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