Press release
Oil Pipeline Infrastructure Market | Petrobras, Chevron Corporation, Exxon Mobil, Enbridge
The U.S. oil pipeline infrastructure market size will surpass the cumulative installation of 450,000 km in 2018. Upgradation of drilling technologies coupled with robust investment in infrastructure development will stimulate the business growth. Majority of the fields across Texas and North East U.S., including the Permian basin will come in to production in 2019. Significant offshore funding leading to increasing rig count across the U.S. will boost the development of pipeline network.
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Companies covered (13):
o Petrobras
o Chevron Corporation
o Exxon Mobil
o Indian Oil Corporation Limited
o PetroChina Company Limited
o Enbridge Inc.
o EUROPIPE GmbH
o CRC-Evans Pipeline International
o ChelPipe
o Welspun Corp Ltd
o National Oil Varco
o DCP Midstream
o General Electric
Oil Pipeline Infrastructure Market will grow over USD 135 billion by 2025. Increasing investment toward E&P activities along with ongoing discoveries of several potential fields will drive the oil pipeline infrastructure market. Rising concerns to ensure energy security coupled with direct influence on employment generation, GDP and other macroeconomic factors will augment the industry landscape. For instance, in 2018, various oil reserves were discovered across the U.S., Norway, Oman and Cyprus in which nearly all the fields across Guyana and Cyprus were ultra-deep-water fields.
The oil pipeline infrastructure market size is set to grow on account of booming international oil trades and rapid globalization. Increasing requirement for replacement of aging infrastructure along with ongoing refurbishment projects will complement the industry landscape. Strict environment norms coupled with protest from regional activist group will hinder the clearance of various pipeline projects.
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Rising production from subsea oilfields will proliferate the growth across offshore oil pipeline infrastructure market. Growing industry consolidations for access to foreign reserves or joint development of oil rich fields along with flexible trade policies will augment the industry landscape. Furthermore, prevailing upgradation and replacement projects will positively enhance the industry outlook. In April 2018, McDermott International publicized its air & saturation dive for offshore pipeline development project, for replacement of several pipeline assets.
Ongoing geopolitics and rivalry among the leading industry players competing to capture maximum industry share will foster the Middle East oil pipeline infrastructure market. Major industry players including Iran and Qatar are extending its pipelines toward Europe in order to diversify from Russian dominance. Major oil pipelines are anticipated to start operations by 2022 that include Naeen-Rey pipeline and Goureh-Jask pipeline with a length of 420 km and 1,100 km respectively.
Growing need for establishing efficient and reliable oil transport network across the developing economies will drive the oil pipeline infrastructure market from transmission lines. Stringent codes and standards regarding the quality and raw material have instigated the replacement of various pipelines. Respective government funding for upgradation of existing assets coupled with increasing number of greenfield projects will enhance the industry outlook.
Eminent players operating in the oil pipeline infrastructure market share comprises Enbridge, TransCanada, Kinder Morgan, Enbridge, Pembina, PetroChina, CNPC, Petrobras, National Oil Varco, Bechtel, Europipe, Chelpipe, Welspun Corporation, Jindal Group and CRC Evans.
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https://www.globenewswire.com/news-release/2019/06/13/1868218/0/en/Portable-Generators-Market-value-to-hit-4-billion-by-2025-Global-Market-Insights-Inc.html
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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