Number of Businesses statistics on the Oil and Gas Extraction industry in Australia

By the end of financial year 2023, there were almost 1,440 fuel retailing companies operating in Australia's New South Wales. In comparison, only 25 businesses in that sector were operating in the Australian Capital Territory.

Number of Businesses statistics on the Oil and Gas Field Services industry in Australia

The report covers Oil and Gas Companies in Australia and the market is segmented by sector (upstream, midstream, and downstream). The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Businesses in the Fuel Retailing industry have contended with volatile operating conditions. Fluctuating global crude oil, diesel fuel and petrol fuel prices have severely impacted the industry. A global oversupply of oil, compounded by sharply deteriorating demand because of the pandemic in 2019-20, reduced oil prices over the second half of that year. This trend filtered downstream through lower retail fuel prices, sharply reducing industry revenue in the same year. However, the Russia-Ukraine conflict caused a global crude oil supply deficit, heightening oil prices and boosting industry revenue as retailers passed costs on to customers. IBISWorld modelling projects revenue to climb by an annualised 4.4% over the five years through 2024-25 to $58.7 billion. This trend includes a dip of 4.5% in 2024-25, caused by a moderation of global crude oil prices. The industry's main fuel-related products are petroleum and diesel. Diesel sales have grown as more motorists have switched to diesel vehicles, which typically offer greater fuel economy. Energy-efficient hybrid or electric vehicles have become increasingly popular with motorists, threatening fuel demand. Industry profit margins are slim, with a high fuel turnover required to make a business viable. Most industry profit comes from selling non-fuel products like confectionery and tobacco. The recent hikes in US crude oil production are helping combat the deliberate slowing of OPEC+ drilling activity, which the alliance has performed to support crude oil prices. If plans to restart maximum capacity drillings come to fruition, world fuel prices will recede, providing relief at the bowser for domestic consumers and resulting in greater overall fuel consumption. Industry revenue is expected to strengthen at an annualised 1.1% through 2029-30 to $62.2 billion, partly thanks to a rising number of motor vehicles. Continued uptake of more fuel-efficient vehicles like hybrid cars is poised to constrain fuel demand growth. Still, the energy transition presents an opportunity for market domination for fuel retailers that adapt by rolling out EV charging stations.

Wesfarmers Ltd led the natural gas companies listed on the Australian Securities Exchange as of July 2025, with a market capitalization of over 93 billion Australian dollars. Meanwhile, Woodside Energy Group took second place, with a market cap of around 46 billion Australian dollars. Natural gas production in Australia Australia’s natural gas production volume exceeded 150 billion cubic meters in 2024, almost triple the volume compared to 2010. The state with the largest production volume of natural gas was Western Australia. Natural gas must first be converted to liquefied natural gas (LNG) before it can be shipped overseas, with Australia one of the leading exporters of LNG worldwide. LNG export market The export volume of liquefied natural gas from Australia sharply increased in 2019, though it has stabilized in the past few years. The export increase was supported by higher production at existing plants in the country. Japan was the leading export market for LNG from Australia, with the remaining major export destinations also located in Asia.

Union-Kern-A.O.G. Cabawin No. 1 spudded on 6th October, 1960, was drilled as a structural test of the petroleum potential of sediments underlying a major unconformity within the Surat Basin. The age and nature of the section below the unconformity was questionable prior to drilling the well, but it was presumed to be partly Triassic and partly Permian in age and related to the sedimentation of the Bowen Geosyncline. The drilling of the well confirmed this prognosis.

In addition to providing stratigraphic information related to the petroleum potential of the Bowen Group, the well also provided information of regional significance on the Mesozoic rocks of the Great Artesian Group. Under a thin veneer of Tertiary rocks the drill penetrated the Roma, Blythesdale, Walloon and Bundamba Formations of the Great Artesian Group, and the Cabawin, Kianga, and Back Creek Formations of the Bowen Group, before bottoming in volcanic rocks of (?)Permo-Carboniferous age at a depth of 12,035 feet.

The drilling of the well confirmed the presence of hydrocarbons in the Surat Basin. During the drilling operation a blowout occurred at a depth of 9938 feet, surfacing free gas and condensate. The blowout was caused by formation pressures, in excess of the mud weight, within an eight-foot sand body of the Permian Kianga Formation. In addition significant gas shows and a flow of salt water were encountered in weathered andesite of the Cracow Formation. Minor gas shows were recorded in the Permian Back Creek Formation, and in the Lower Triassic Cabawin Formation, and Significant shows of hydrocarbons were also present in porous and permeable sandstones of the lower member of the Triassic-Jurassic Bundamba Formation.

The number of occurrences of oil and gas showings indicated that only a sustained testing programme through casing would properly evaluate the potential of these hydrocarbons. After reaching total depth, 5 1/2" casing was cemented at 12,033 feet, and there followed a series of production tests of all significant shOWings of oil and gas encountered during the drilling operation. Results were negative with the exception of the one zone in the Permian Kianga Formation. This zone proved to be the only producing horizon. After 22 days of continuous production, this zone was producing 62 barrels per day of 490 API gravity crude through 22/64" choke, with casing and tubing well-head pressures at 550 p.s.i. and 300 p.s.i. respectively, and 534 Mcf/D of gas. A total of 1761 barrels of crude oil and 13,744 Mcf of gas were produced during the testing period. Pressure and temperature surveys were conducted, and the well was shut in and suspended on 17th June, 1961, retained in a condition for production at any future time.

Production and reserves statistics for coal seam gas, condensate, crude oil, liquefied petroleum gas and natural gas.

Please note: Due to changes in the data collection and reporting standards the Department has altered the published reports format. The Petroleum and gas production reports are published in the new format from the period Dec 2014 till Dec 2021 (current) and the Petroleum and gas reserves reports are published in the new format for the calendar year 2020 and 2021 (current)

The reports released for data periods mentioned above have been updated to reflect the current reporting measure of units and data standards.

More information about these changes can be found here: Link

Historical data (pre-30 June 2016 Production and Pre 2020 Reserves) can be found here: Link

Number of Businesses statistics on the Petroleum Refining and Petroleum Fuel Manufacturing industry in Australia

Australia Motor Fuel Deliveries: Tonnes per One Million Units of Current USD GDP data was reported at 23.249 Ratio in 2023. This records a decrease from the previous number of 23.782 Ratio for 2022. Australia Motor Fuel Deliveries: Tonnes per One Million Units of Current USD GDP data is updated yearly, averaging 27.676 Ratio from Dec 2003 (Median) to 2023, with 21 observations. The data reached an all-time high of 50.865 Ratio in 2003 and a record low of 21.070 Ratio in 2012. Australia Motor Fuel Deliveries: Tonnes per One Million Units of Current USD GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.ITF: Motor Fuel Deliveries to Road Sector: OECD Member: Annual. [COVERAGE] FUEL DELIVERIES Motor gasoline (petrol) is light hydrocarbon oil for use in internal combustion engines, excluding those in aircraft. Its calorific value is 44.8 TJ/1000 t. Motor gasoline is distilled between 35°C and 215°C and treated by reforming, catalytic cracking or blending with an aromatic fraction to reach a sufficiently high octane number. Gas/diesel oil (distillate fuel oil) is oil obtained from the lowest fraction from atmospheric distillation of crude oil. Its calorific value is 43.3 TJ/1000 t. Gas/diesel oil includes heavy gas oils obtained by vacuum re-distillation of the residual from atmospheric distillation. Gas/diesel oil distils between 200°C and 380°C, with less than 65 per cent in volume at 250°C, including losses, and 80 per cent or more at 350°C. The flashpoint is always above 50°C and their density is higher than 0.81. Heavy oils obtained by blending are grouped together with gas oils, provided that their kinematic viscosity does not exceed 25 cST at 40°C. [COVERAGE] FUEL DELIVERIES Automotive gasoline sales (including ethanol blended fuels) are used for petrol and automotive diesel estimates are used for diesel. Note that only slightly more than half of total diesel sales are consumed by road vehicles. Original series are measured in megalitres and converted into million tons using for petrol the rates 737.22 kg per m3 and for diesel 885 kg per m3. Revisions were applied in 2017 to the road diesel data to ensure a continuous time series. These changes were due to new legislation that resulted in mandatory reporting of fuel data for businesses meeting reporting criteria. Previously, voluntary survey data were used.

The Gas Supply industry consists of gas retailers that buy and sell gas, and gas distributors that operate the distribution networks carrying gas to end users. The retail and distribution functions are separated by regulation, with different companies performing these activities. Gas retailing accounts for the majority of industry revenue and is dominated by three companies; AGL Energy Limited, Origin Energy Limited and EnergyAustralia Holdings Limited. SGSP (Australia) Assets Pty Ltd, trading as Jemena, is among the largest gas distribution companies.Industry revenue is expected to rise at an annualised 2.2% over the five years through 2024-25, to $16.3 billion. This includes an anticipated decline of 9.6% in 2024-25 as prices ease. Turmoil in global energy markets related to the pandemic and the Russia-Ukraine war has flowed through to volatility in domestic gas prices. Strong competition among retailers has constrained growth in revenue and profit margins, with the larger retailers losing market share among residential customers. The development of LNG export facilities over the past decade has caused a significant share of Australian gas production to be shipped overseas, creating concern over domestic supply conditions on Australia's east coast. High prices on the domestic market have prompted an industrywide decline in profit as a share of revenue.The domestic price of natural gas is projected to remain elevated, with concerns over tightening supply conditions on Australia’s east coast. LNG exporters are likely to allocate a greater share of production to the domestic market to limit further market intervention by the Australian Federal Government. Domestic consumption of natural gas is forecast to come under pressure as households transition to more energy-efficient technologies. In the meantime, increased demand from gas-fired power stations will replace lost demand over the medium term, as gas-fired power is expected to provide firming capacity as the energy transition takes shape. Overall, industry revenue is forecast to fall at an annualised 4.8% over the five years through 2029-30, to $12.7 billion.

Australia Motor Fuel Deliveries: Tonnes per Inhabitant data was reported at 1.485 Tonne in 2023. This records an increase from the previous number of 1.480 Tonne for 2022. Australia Motor Fuel Deliveries: Tonnes per Inhabitant data is updated yearly, averaging 1.440 Tonne from Dec 2003 (Median) to 2023, with 21 observations. The data reached an all-time high of 1.528 Tonne in 2018 and a record low of 1.343 Tonne in 2003. Australia Motor Fuel Deliveries: Tonnes per Inhabitant data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Australia – Table AU.OECD.ITF: Motor Fuel Deliveries to Road Sector: OECD Member: Annual. [COVERAGE] FUEL DELIVERIES Motor gasoline (petrol) is light hydrocarbon oil for use in internal combustion engines, excluding those in aircraft. Its calorific value is 44.8 TJ/1000 t. Motor gasoline is distilled between 35°C and 215°C and treated by reforming, catalytic cracking or blending with an aromatic fraction to reach a sufficiently high octane number. Gas/diesel oil (distillate fuel oil) is oil obtained from the lowest fraction from atmospheric distillation of crude oil. Its calorific value is 43.3 TJ/1000 t. Gas/diesel oil includes heavy gas oils obtained by vacuum re-distillation of the residual from atmospheric distillation. Gas/diesel oil distils between 200°C and 380°C, with less than 65 per cent in volume at 250°C, including losses, and 80 per cent or more at 350°C. The flashpoint is always above 50°C and their density is higher than 0.81. Heavy oils obtained by blending are grouped together with gas oils, provided that their kinematic viscosity does not exceed 25 cST at 40°C. [COVERAGE] FUEL DELIVERIES Automotive gasoline sales (including ethanol blended fuels) are used for petrol and automotive diesel estimates are used for diesel. Note that only slightly more than half of total diesel sales are consumed by road vehicles. Original series are measured in megalitres and converted into million tons using for petrol the rates 737.22 kg per m3 and for diesel 885 kg per m3. Revisions were applied in 2017 to the road diesel data to ensure a continuous time series. These changes were due to new legislation that resulted in mandatory reporting of fuel data for businesses meeting reporting criteria. Previously, voluntary survey data were used.

Comprising copies of submissions made to the Royal Commission on Petroleum which was undertaken by the Commonwealth Government and heard before Justice Collins, Judge of the Supreme Court of New South Wales.
Transcripts of the proceedings from 12 June-16 October 1974 are also included.

These copies were apparently held by Premier's Department.

The following descriptive details and references duplicate entry CA2031 National Archives of Australia at www.naa.gov.au.

The Royal Commission on Petroleum was established by Letters Patent issued on 12 September 1973 (Australian Government Gazette, No 129, 20 September 1973). The Honourable Wilfred Herbert Collins, Judge of the Supreme Court of New South Wales, was appointed Commissioner to inquire and report on the following matters, so far as they are relevant to laws that have been, or could be, made by Parliament, namely: all aspects of the production by refining, and the marketing and pricing, in Australia of all types of petroleum, diesel and other fuels for internal combustion and jet engines, derived from any form of liquid or gaseous hydro carbons, whether such hydro carbons are produced in Australia or elsewhere, and all types of residual furnace and heating fuels and other by-products likewise derived.

The Commission started collecting evidence in November 1973 after the appointment of Mr J F Kane as Secretary to the Commission on 12 November 1973. Because of the breadth and complexity of the inquiry, certain specific issues and problem areas were identified at the outset in the Letters Patent:

a) the need, in the public interest, for any changes in the number, location, capacity, technology, and type of refineries in Australia of any such form of liquid or gaseous hydrocarbons, and whether the allocations of the output of such fuels should be rationalized by joint operating or sharing of such refineries;

b) the need for additional refinery capacity to be located within the Sydney metropolitan area to serve the needs of that area;

(c) whether the prices of such fuels and other by-products are excessive and the extent to which the marketing management and trading practices, proliferation of service stations and retail outlets, and the granting of secret or other discounts, and the maintenance of a multi-tiered price structure by refineries and wholesales of such fuels, are contributed thereto;

d) whether, and if so to what extent, the policies and objectives of any of the refineries or wholesalers of such fuels have contributed to price-cutting wars in any one retail sector to the detriment of other sectors; and to what extent fuel pricing by companies operating in Australia which are subsidiaries of foreign operations has been influenced or determined by the decisions of their overseas principles in such matters as inflating original prices paid to overseas crude oil producers and shipping freight thereon thus creating an artificially high landed price to the detriment of Australian consumers

The Commission collected a large body of evidence from oil companies;service station and automobile associations; government departments; gas and fuel corporations; shire councils; universities; laboratories, legal firms and private individuals. Hearings commenced in Sydney on 16 April 1975. In order to collate the highly technical and often politically sensitive evidence, the Commission employed an international oil industry firm of consultants, A D Little International Incorporated, who provided the necessary expertise in all areas of the petroleum industry.

A total of six reports were prepared by the Commission, the areas covered in the reports reflecting the wide terms of reference of the inquiry. The Royal Commission took the view that the matter of shortages fell within its terms of reference. This matter was examined in the firstreport, "Shortages of Petroleum Products", presented in October 1974. (1)

The second report, December 1974, set out the general factual background against which two proposals for new refineries in New South Wales were considered. (2) Although the Commission was originally concerned with only the Sydney metropolitan area, it was convenient to examine together the two proposals of BHP/Sleigh and Ampol/Total. Ampol/Total proposed an additional refinery in the Sydney metropolitan area at Kurnell Peninsular or Lucas Heights, theBHP/Sleigh submission was for a hydro-skimming refinery at Newcastle.

The third report, September 1975, titled "On the circumstances of the transfer of allocated indigenous crude oil by Allied Petrochemicals Pty. Limited to ACTU-Solo Enterprises Pty. Limited", was chiefly concerned with the terms upon which the crude oil was sold by Allied Petrochemicals to ACTU-Solo. (3) This report arose out of the evidence gathered by the Commission for its fourth report on the marketing and pricing of petroleum products in Australia.

The fourth report, April 1976, was a comprehensive survey of the marketing and pricing of the major petroleum product - motor spirit. (4)

"National Refining Policy" was the topic of the fifth report, October 1976. (5) Much of the evidence collected for the second report was updated and extended, the specific topic was the rationalisation of refining output by joint operations. The Commission examined submissions for a small refinery at Alice Springs based on Mereenie crude oil, and a North West Shelf Refinery utilising natural gas for the de-sulphurisation and refining of foreign crude oil.

The sixth and final report, "The use of Liquefied Petroleum Gas" dealt with the role of liquefied petroleum gas in the Australian energy economy. It was presented on 1 November 1976. (6)

Endnotes
1. Commonwealth Parliamentary Papers, No 229 of 1974.
2. Commonwealth Parliamentary Papers, No 21 of 1975.
3. Commonwealth Parliamentary Papers, No 279 of 1975.
4. Commonwealth Parliamentary Papers, No 99 of 1976.
5. Commonwealth Parliamentary Papers, No 308 of 1976.
6. Commonwealth Parliamentary Papers, No 399 of 1976.
7. Borchardt, Checklist of Royal Commissions, 1960-1980, pp 102-104.

(8/2450-53). 4 boxes.

Note:
This description (as amended) is extracted from Concise Guide to the State Archives of New South Wales, 3rd Edition 2000.

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Oil And Gas Transportation Market Size 2025-2029

The oil and gas transportation market size is forecast to increase by USD 39.8 billion at a CAGR of 4.7% between 2024 and 2029.

The market is witnessing significant expansion due to substantial investments in infrastructure development. This trend is driven by the increasing demand for crude oil and natural gas, necessitating the need for advanced and efficient transportation systems. However, the market faces technical challenges that require careful consideration. The transportation of crude oil and natural gas involves complex logistical processes and requires specialized infrastructure to ensure safe and efficient transfer. Crude oil, in particular, presents unique challenges due to its viscosity and volatility.
Addressing these challenges will be crucial for market participants seeking to capitalize on opportunities in this dynamic industry. Effective solutions may include the adoption of advanced technologies, such as pipeline automation and the integration of renewable energy sources into transportation systems. Companies that can navigate these challenges and adapt to evolving market conditions will be well-positioned for success in the market.

What will be the Size of the Oil And Gas Transportation Market during the forecast period?

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The market continues to evolve, driven by various dynamics and applications across multiple sectors. Tanker capacity expansion and optimization play a crucial role in accommodating changing supply demands. Electric vehicles and renewable energy are reshaping the energy landscape, necessitating adjustments in transportation methods. Environmental compliance and data analytics are increasingly important for reducing emissions and improving operational efficiency. Energy trading and risk management are essential tools for navigating market volatility. Logistics management, including railcar capacity and transportation costs, is a critical factor in ensuring timely delivery. Hydrogen energy and natural gas transportation are gaining traction as Alternative Fuels. Offshore transportation, pipeline construction, and pipeline networks are integral to midstream infrastructure development.
Contract management, artificial intelligence, and remote monitoring are streamlining operations and enhancing safety. Inventory management, pipeline maintenance, and tanker charter rates are key areas of focus for cost optimization. Transportation services, including truck transportation, pipeline safety, and truck Fleet Management, are vital components of the supply chain. Maritime transportation, railcar manufacturing, terminal operations, and transportation costs are continually evolving. Pipeline expansion and pipeline capacity are essential for meeting growing energy demands. The ongoing integration of alternative fuels, logistics services, and green transportation is transforming the market. LPG transportation, carbon capture, and infrastructure development are shaping the future of the oil and gas transportation industry.
Tanker vessels, pipeline integrity, safety regulations, and tanker shipbuilding are all areas of continuous innovation.

How is this Oil And Gas Transportation Industry segmented?

The oil and gas transportation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Transportation

  Pipelines
  Railroads
  Tankers and trucks


Type

  Crude Oil
  Natural Gas
  Refined Products


Geography

  North America

    US
    Canada


  Europe

    Norway
    Russia
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Transportation Insights

The pipelines segment is estimated to witness significant growth during the forecast period.

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The Pipelines segment was valued at USD 90.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is witnessing significant developments in various regions, with the Asia-Pacific area experiencing the fastest growth. This region's substantial energy demand and continuous infrastructure development are driving this expansion. China, India, and Japan, as major consumers of oil and gas, necessitate extensive transportation networks to ensure a reliable supply. To address transportation bottlenecks, substantial investments in new pipeline infrastructure are being made. F

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The oil and gas corrosion protection market size has the potential to grow by USD 2.34 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by location (offshore and onshore), sector (upstream, midstream, and downstream), and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3M Co., Aegion Corp., Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Chase Corp., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., and The Sherwin-Williams Co.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Oil and Gas Corrosion Protection Market

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Market Competitive Analysis

The market is fragmented. 3M Co., Aegion Corp., Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, Chase Corp., Hempel AS, Jotun AS, Kansai Paint Co. Ltd., and The Sherwin-Williams Co. are some of the major market participants. Factors such as oil and gas exploration and production activities will offer immense growth opportunities. However, volatility in crude oil prices may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this oil and gas corrosion protection market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this oil and gas corrosion protection market analysis report provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

3M Co.
Aegion Corp.
Akzo Nobel NV
Axalta Coating Systems Ltd.
BASF SE
Chase Corp.
Hempel AS
Jotun AS
Kansai Paint Co. Ltd.
The Sherwin-Williams Co.

Oil and Gas Corrosion Protection Market: Segmentation by Geography

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The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. APAC will offer several growth opportunities to market vendors during the forecast period. The shift from shallow to deep-water exploration will significantly influence oil and gas corrosion protection market's growth in this region.

31% of the market’s growth will originate from APAC during the forecast period. China and Australia are the key markets for oil and gas corrosion protection in APAC. This report provides an accurate prediction of the contribution of all segments to the growth of the oil and gas corrosion protection market size.

Oil and Gas Corrosion Protection Market: Key Highlights of the Report for 2020-2024

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will oil and gas corrosion protection market growth during the next five years
Precise estimation of the oil and gas corrosion protection market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the oil and gas corrosion protection industry across North America, Europe, APAC, MEA, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of oil and gas corrosion protection market vendors

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    Oil And Gas Corrosion Protection Market Scope




    Report Coverage


    Details




    Page number


    120




    Base year


    2019




    Forecast period


    2020-2024




    Growth momentum & CAGR


    Accelerate at a CAGR of 5%




    Market growth 2020-2024


    $ 2.34 billion




    Market structure


    Fragmented




    YoY growth (%)


    4.14




    Regional analysis


    North America, Europe, APAC, MEA, and South America




    Performing market contribution


    APAC at 31%




    Key consumer countries


    US, Germany, China, Saudi Arabia, and Australia




    Competitive landscape


    Leading com

The Australian freight forwarding market, valued at approximately AU$13.81 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 6.23% from 2025 to 2033. This growth is fueled by several key factors. The burgeoning e-commerce sector is significantly driving demand for efficient and reliable freight forwarding services, particularly in B2C segments. Simultaneously, the expansion of Australia's industrial and manufacturing sectors, coupled with increasing international trade, is bolstering demand for air, ocean, and road freight forwarding. Growth in sectors such as healthcare, food and beverage, and oil and gas are further contributing to market expansion. While potential infrastructural limitations and fluctuating fuel prices represent challenges, the overall market outlook remains positive, driven by ongoing economic growth and the increasing reliance on global supply chains. The competitive landscape is relatively fragmented, with several major players like Deutsche Post DHL Group, Mainfreight Limited, and CEVA Logistics competing alongside a number of smaller, specialized firms like CTS Australia and Platinum Freight Management. The market's segmentation by mode of transport (air, ocean, road, rail) and customer type (B2B, B2C) provides opportunities for companies to specialize and cater to specific niche markets. Future growth will likely be influenced by advancements in logistics technology, such as improved tracking and supply chain management systems, and a focus on sustainability and reduced carbon emissions within the industry. The sustained growth in e-commerce, coupled with government initiatives supporting infrastructure development, will continue to shape the market's trajectory over the forecast period. Recent developments include: March 2023: Dachser acquired ACA International, based in Melbourne, Australia. With this acquisition, Dachser's own air and sea freight network now includes Australia and New Zealand. These are two economically powerful countries that are also directly linked to Asia, Europe, and North America. Dachser, a family-owned firm based in Kempten, Germany, offers transport logistics, warehousing, and customized services via two divisions: Dachser Air & Sea Logistics and Dachser Road Logistics., February 2023: GEODIS, a logistics service, teamed with Volvo Australia to develop an electric truck trial program in Australia. The collaboration seeks to provide clients with more sustainable delivery options by utilizing Volvo's Fully Electric (FE) variant trucks. The FE trucks, which are fueled by solar energy and ABB's energy-efficient charging systems, can deliver big cargo weighing up to 7,500 kg for up to 200 km within metropolitan regions. GEODIS will evaluate the suitability of the FE vehicles for its fleet during the pilot phase before rolling out the completely electric trucks on a broader scale., September 2022: Ofload, an Australian digital freight forwarding and transport management firm, acquired CIA Logistics, a Melbourne-based freight expert. Ofload's initial purchase expanded its workforce count to more than 120.. Key drivers for this market are: Bulk Freight driving the market, Increasing Investments On Infrastructure. Potential restraints include: Bulk Freight driving the market, Increasing Investments On Infrastructure. Notable trends are: Bulk Freight driving the market.

Shell Energy Holdings Australia is a Public Company that generates the majority of its income from the Oil and Gas Extraction industry.

Australia ASX Index: Energy data was reported at 7,939.700 Point in Mar 2025. This records a decrease from the previous number of 8,364.900 Point for Feb 2025. Australia ASX Index: Energy data is updated monthly, averaging 10,980.550 Point from Apr 2002 (Median) to Mar 2025, with 276 observations. The data reached an all-time high of 19,926.400 Point in Jun 2008 and a record low of 3,870.300 Point in Feb 2003. Australia ASX Index: Energy data remains active status in CEIC and is reported by Australian Securities Exchange. The data is categorized under Global Database’s Australia – Table AU.Z001: Australian Stock Exchange: Indices. The Energy Index (XEJ) comprises companies whose businesses are dominated by either of the following activities: the construction or provision of oil rigs, drilling equipment and other energy related service and equipment, including seismic data collection; or, companies engaged in the exploration, production, marketing, refining and/or transportation of oil and gas products, coal and other consumable fuels.

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Offshore Decommissioning Market Size 2025-2029

The offshore decommissioning market size is forecast to increase by USD 3.19 billion at a CAGR of 7.9% between 2024 and 2029.

The market is experiencing significant growth driven by the maturation of oil and gas fields and the increasing number of aging platforms reaching the end of their operational life. This trend is particularly prominent in regions with a long history of offshore oil and gas production, such as the North Sea. However, the market is not without challenges. The high costs associated with offshore decommissioning projects, which can reach billions of dollars, pose a significant barrier to entry for many companies. Additionally, the shift towards renewable energy sources is reducing the demand for new offshore oil and gas projects, further impacting the market's growth. Despite these challenges, there are opportunities for companies to capitalize on the market's growth. Strategic partnerships, innovative technologies, and cost-effective approaches can help reduce the financial burden of decommissioning projects and make them more attractive to investors. Companies seeking to navigate this market effectively must stay informed of regulatory requirements, technological advancements, and market trends to position themselves for success.

What will be the Size of the Offshore Decommissioning Market during the forecast period?

Request Free SampleThe market encompasses the process of retiring and dismantling infrastructure from oil and gas exploration and production facilities in marine environments. This market includes activities such as pipeline decommissioning, abandoned oil wells, and platform removal. The primary phase focuses on the physical removal of structures, while the secondary phase addresses materials disposal, site clearance, and environmental restoration. Offshore decommissioning involves various processes, including conductor removal, derrick barge utilization, and cement plug installation. Fluid-bearing formations and crude oil require specialized techniques, while natural gas and renewable energy sources may necessitate gas injection or power cable removal. Operational costs, including project management, engineering planning, permitting and regulatory compliance, and international footprints, significantly impact market dynamics. Factors such as crude oil prices, quarantine restrictions, and aging platforms contribute to the market's growth. The supply chain for offshore decommissioning includes manufacturing facilities, engineering services, and specialized equipment providers. Market trends include the increasing importance of environmental impact assessments and the adoption of artificial aid technologies to enhance operational efficiency. Mature fields in shallow water and deepwater environments, as well as gas fields and oil fields, require decommissioning as they reach the end of their operational life. Enhanced oil recovery techniques and engineering planning play crucial roles in minimizing operational costs and ensuring a safe and efficient decommissioning process.

How is this Offshore Decommissioning Industry segmented?

The offshore decommissioning industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. TypeShallow waterDeepwaterServiceWell plugging and abandonmentPlatform removalPermitting and regulatory compliancePlatform preparationOthersApplicationTopsideSubstructureBusiness SegmentComplete removalPartial removalLeave in placeGeographyEuropeDenmarkFranceGermanyItalyNorwayUKNorth AmericaUSAPACAustraliaChinaSouth AmericaBrazilMiddle East and Africa

By Type Insights

The shallow water segment is estimated to witness significant growth during the forecast period.Offshore decommissioning refers to the process of removing and disposing of offshore structures and infrastructure once their primary production phase has ended. This includes abandoned oil wells, pipelines, and platforms. In the offshore industry, decommissioning projects are typically categorized into primary and secondary phases. During the primary phase, platform preparation involves the removal of equipment and materials for reuse or disposal. This may include the extraction of remaining oil through enhanced recovery techniques such as gas injection, fluidbearing formations, and polymer insertion. Cement plugs are used to seal abandoned wells. In the secondary phase, the actual removal of the structure takes place. Derrick barges are commonly used for this purpose in ultradeepwater depths. Sub-infrastructure such as pipelines and power cables must be removed and disposed of properly. Site clearance is crucial to ensure the safety of future operations. The market is influenced by various factors, including cru

The Report Covers Thermal Power Generation Companies in Australia and the market is segmented by Source (Coal, Natural Gas, and Oil).