Pipeline & Process Services Market for Gas and oil Industry : Forecast till 2030

Pipeline is one of the most important and inexpensive modes of transportation for the purpose of moving different types of products such as fuel, additives, liquid petroleum gas, natural gas, refined petroleum products, petroleum products, and crude oil, from manufacturing and exploration sites to end users and storage terminals, among others. Mainly, the deep pipes are submerged one to two metres. In general, the pipelines are made of carbon steel, plastic tubes or steel. Such pipeline tubes have a diameter varying from two inches to almost 60 inches.

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Increasing demand for energy and the discovery of new gas and oil deposits worldwide are the key drivers of the global pipeline production and pipeline services industry. Currently oil and gas production has increased significantly around the globe. It is also expected that the demand will be supplemented by the introduction of new energy sources and the deployment of advance drilling technology. In addition, the changing emphasis on profitable fields is projected to raise oil and gas production in the near future, while elevating pipeline demand. Mounting demand for new gas and oil pipelines is also expected to expand and maintain the existing pipelines.

In 2019, spending on oil and gas exploration rose by 18% and reached USD 60 billion, while investments in Exploration & Production (E&P) continued to recover (+ 7%). Estimates for discovered resources give volumes of more than 9.8 giga-barrels of oil equivalent (Gboe) in 2019 as against 9 Gboe in 2019. In total, 140 discoveries were made globally in 2018, and gas resources accounted for about 40% of the volumes found. Offshore discoveries predominated, with 70% of the new volumes found over the year. Only four discoveries were of unconventional hydrocarbons. They accounted for nearly 7% of the resources discovered in 2019.

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Market Dynamics:
• Growing Natural Gas Consumption
• Rising investment levels
• Political instability across Middle East and APAC
• Increasing pipeline construction activities in order to cater growing energy requirement
• Emergence of artificial intelligence in pipeline maintenance and services

Recent Initiative:
• In December 2019, KKR, a leading global investment firm announced the signing of a definitive agreement to acquire, alongside Alberta Investment Management Corporation (AIMCo), a 65 percent equity interest in the Coastal GasLink Pipeline Project (Coastal GasLink or the Project) from TC Energy Corporation.
• Marathon Petroleum Corporation and Andeavor Logistics signed a definitive merger agreement, under which the former acquired the latter for $23bn in 2019. The transaction has been approved by the board of directors of both the companies and is pending regulatory approvals. The transaction is expected to create a diversified midstream company and expand Marathon Petroleum’s position in the Marcellus shale and Permian basin.

Market Segmentation 2020-2030:
Pipeline & Process Services Market is segmented on the Asset Type, Operation, and Regional basis.

Asset Type

• Pipeline
• Transmission
• Distribution

• Process
• FPS
• Refinery & Petrochemical
• Gas Storage

Operation
• Pre-commissioning & Commissioning
• Maintenance
• Decommissioning

Regional Breakdown
Focused regional forecasts and analysis explore the future opportunities:

• North America
• U.S.
• Canada

• Europe
• UK
• France
• Germany

• Rest of Europe
• Asia-Pacific
• China
• Japan
• India

• Rest of Asia Pacific
• Latin America
• Brazil
• Argentina

• Rest of Latin America
• Middle East
• UAE
• Saudi Arabia
• Iran

• Rest of Middle East
• Africa
• Nigeria
• Algeria
• Rest of Africa

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

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Email: sara.peerun@visiongain.com

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