Construction Services for the Global Oil & Gas Industry (2018-2023): Oil Price Recovery & Growing Demand for Oil - ResearchAndMarkets.com
The "Global
Construction Services Market Outlook for Oil & Gas Industry - Analysis
of Growth, Trends and Forecasts (2018 - 2023)" report has been
added to ResearchAndMarkets.com's offering.
Oil Price Recovery & Growing Demand for Oil
Due to the oil price recovery during 2016-2017, the oil & gas
expenditure experienced a growth of about 25% during said period. The
oil & gas demand is consistently increasing and is expected to witness a
growth of about 2.5% during the forecast period. The current producing
fields are reaching their maturity. Hence, in order to meet the oil &
gas demand, the oil & gas industry's expenditure is expected to increase
on exploration for new fields, as well as on enhanced oil recovery
projects, to increase recovery from the producing fields.
Due to the growing oil production and increasing demand for downstream
products, the midstream and downstream industry infrastructure
expenditures are expected to register substantial growth in the next
five years. Growing investments in upstream, midstream, and downstream
oil & gas industry are expected to drive the market during the forecast
period.
Regional Highlights
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North America to Lead the Market
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Growing Investments in Saudi Arabia
Notable Developments in the Market
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National Petroleum Construction Company (NPCC) won a contract for
construction of the pipeline and five well platforms for Ratna field
of ONGC located on the west coast of India.
-
Statoil awarded TechnipFMC Plc a construction contract for Snorre
Field expansion projects.
Key Topics Covered
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Global Construction Services Market Outlook for Oil & Gas Industry,
by Location
6. Global Construction Services Market Outlook for Oil & Gas Industry,
by Sector
7. Global Construction Services Market Outlook for Oil & Gas Industry,
by Geography
8. Key Company Analysis
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Hyundai Heavy Industries Co. Ltd.
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Bechtel Corporation
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Fluor Corporation
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CIMIC Group Ltd.
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Saipem S.p.A
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Daewoo Shipbuilding & Marine Engineering
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TechnipFMC PLC
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Chicago Bridge & Iron Company N.V.
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Jacobs Engineering Group Inc.
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Larsen & Toubro Limited
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Amec Foster Wheeler PLC
9. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/68tw32/construction?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180928005130/en/
Copyright Business Wire 2018
Source: Business Wire
(September 28, 2018 - 5:31 AM EDT)
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