Authored By: Sarah
11 Jul 2024

 Offshore Oil And Gas Pipeline Market Size to grow by USD 4174.9 million between 2024-2028

According to a research report “ Offshore Oil And Gas Pipeline Market” by Sector (Up stream, Mid stream, Down stream) Product (Oil, Gas) Geography (Europe, Middle East and Africa, APAC, South America, North America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4174.9 million, at a CAGR of over 5.58% during the forecast period. Offshore oil and gas pipelines serve a crucial role in the transportation of crude oil, natural gas, and petroleum products from offshore production sites to consumption centers. Compared to marine vessels such as crude oil tankers and gas carriers, offshore pipelines offer several advantages for long-distance offshore transportation. Firstly, offshore pipelines require less energy and have a lower carbon footprint due to their continuous flow nature. Secondly, the operational and maintenance costs of offshore pipelines are significantly lower than other transportation modes, making them a more economical choice. These factors contribute to the preference for offshore pipelines over other modes of transportation in the oil and gas industry.

Browse market data tables, figures, and in-depth TOC on “Offshore Oil And Gas Pipeline Market” by Sector (Up stream, Mid stream, Down stream) Product (Oil, Gas) Geography (Europe, Middle East and Africa, APAC, South America, North America) Global Forecast to 2028. Download Free Sample

 

By Sector, the Up stream segment is projected to dominate the market size in 2024

The Offshore Oil and Gas Pipeline Market represents a significant business expansion opportunity, driven by the increasing demand for energy and the exploration of new deep-sea oil and gas reserves. Companies are investing heavily in this sector to expand their infrastructure and secure long-term energy supply contracts. Advanced technologies, such as subsea pipelines and floating production storage and offloading (FPSO) units, are key enablers for offshore oil and gas production. The market is expected to grow steadily, driven by these trends and the need for secure and efficient energy transportation solutions.

By Product, Oil  segment is expected to hold the largest market size for the year 2024

The Offshore Oil and Gas Pipeline Market represents a significant business expansion opportunity. With increasing energy demand and depleting onshore reserves, offshore exploration and production are on the rise. This market segment involves the transportation of crude oil and natural gas from offshore platforms to onshore facilities via pipelines. Key players in this industry focus on enhancing operational efficiency, ensuring safety, and complying with stringent regulations. Technological advancements, such as subsea pipelines and pipeline integrity management systems, are driving innovation and growth in the Offshore Oil and Gas Pipeline Market.

Europe is forecasted to hold the largest market size by region in 2024

The Offshore Oil and Gas Pipeline Market represents a significant business expansion opportunity. With increasing energy demands and depleting onshore reserves, offshore exploration and production have gained prominence. Offshore pipelines facilitate the transportation of crude oil and natural gas from remote locations to processing facilities and markets, ensuring a reliable energy supply chain. Market growth is driven by factors such as technological advancements, regulatory support, and rising investments in offshore projects.

The Offshore Oil And Gas Pipeline Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Allseas Group SA
  • ArcelorMittal SA
  • Atteris Pty. Ltd.
  • Fugro NV
  • JFE Holdings Inc.
  • John Wood Group PLC
  • Larsen and Toubro Ltd.
  • McDermott International Ltd.
  • National Petroleum Construction Co.
  • Nippon Steel Corp.
  • PAO Severstal
  • TMK
  • Saipem S.p.A.
  • Salzgitter AG
  • Sapura Energy Berhad
  • Shengli Oil and Gas Pipe Holdings Ltd.
  • Subsea 7 SA
  • TechnipFMC plc
  • Tenaris SA
  • United Metallurgical Co.
.

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Research Analysis Overview

The Offshore Oil and Gas Pipeline Market is a significant sector that plays a crucial role in transporting hydrocarbons from remote locations to the final destination. One notable example is the Venice-to-Mediterranean Sea pipeline, which connects the Nargis Offshore Area in the Gulf of Mexico with Europe. This pipeline is operated by Talos Energy and includes the Lime Rock and Powell tension-leg platforms. Eni, an Italian multinational oil and gas company, is another major player in this market. They have been involved in various offshore projects, including the Nargis-1 exploration well in the Mediterranean Sea. Salzgitter Mannesmann, a leading supplier of pipes and piping systems, provides the necessary infrastructure for transporting petroleum and natural gas through offshore pipelines. The power generation sector and green energy producers are increasingly relying on natural gas as a cleaner alternative to coal. Offshore pipelines are essential for transporting hydrocarbons to these industries. Control connections, sensors, LANs, and WANs are crucial components of offshore pipeline technology, ensuring efficient and safe transportation. The automotive sector, urbanization, refined goods, and hydrocarbon imports are significant consumers of petroleum and natural gas. The shale gas resource has revolutionized the energy landscape, leading to an increased demand for offshore pipelines. Offshore pipelines are a strategic energy asset, ensuring energy security and contributing to economic growth.

Market Research Overview

The Offshore Oil and Gas Pipeline Market plays a crucial role in meeting the world's increasing energy needs by transporting hydrocarbons from new gas fields in the Mediterranean Sea, Gulf of Mexico, and other remote locations to refineries, petrochemical plants, and final destinations. Companies like Sempra, Talos Energy, Eni, and Rosneft are investing in offshore pipeline infrastructure, including the Energia Costa Azul LNG project in Mexico, the Venice oil platform in the Gulf of Mexico, and the Nargis Offshore Area exploration well in the Mediterranean Sea. Offshore pipelines are essential for transportation of hydrocarbons from offshore fields to onshore refineries and export lines. Companies like Enbridge provide pipeline integrity services to ensure the safety and reliability of these pipelines. However, offshore pipelines face challenges such as EU objections, internal disputes, political unrest, armed rebels, oil smugglers, military adversaries, cybercrimes, and natural hazards like cyclones and tides. Offshore pipelines are not only used for transportation of crude oil but also for transporting natural gas to power generation sector, green energy producers, and petrochemical industry. Offshore pipeline technology includes tension leg platforms, subsea processing systems, and multipurpose support vessels. Dow DuPont's Polyethylene facility in Houston is an example of a petrochemical plant that uses offshore pipelines for raw material transportation. The offshore pipeline market is expected to grow due to the increasing demand for refined goods, hydrocarbon imports, and shale gas resources. The market also faces challenges such as pipeline networks security, refinery capacity expansion, and the integration of renewable energy sources. Offshore pipelines are used for transportation of various products like polymers, solvents, fertilizers, medications, and chemicals. Companies like Snam and TPC operate gas pipelines in Europe and the US, respectively. Offshore pipelines also play a strategic role in the automotive sector, urbanization, and the final destination of hydrocarbons.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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