Increasing availability of big data analytics and insights will be the trend with the largest positive impact on oil & gas companies business growth, according to respondents to a 2020 survey. In the following three years, ** percent of respondents expect big data analytics to play a key role for the industry. By comparison, advances in gender parity expansion are not perceived as a major positive impact for the oil and gas market growth.

Global Oil & Gas Downstream Market is segmented by Application (Oil & Gas_ Energy_ Industrial_ Transportation_ Logistics_ Manufacturing_ Utilities), Type (Services_ Technologies_ Equipment_ Solutions_ Components_ Research_ Applications_ Systems_ Accessories_ Products), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

The market value of oil and natural gas in Sweden is forecast to reach more than ** billion U.S. dollars by 2030. This would mean a ***** compound annual growth rate from the market value in 2022. More information on the global oil and gas market can be found here.

Angola Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Angola. The report provides oil production, consumption, exports and imports from 2000 to 2020. The report also provides natural gas production, consumption and exports from 2000 to 2020. It also provides historic oil and gas reserves for the period 2000 to 2014. Further, the report provides details such as name, type, operational status and operator for all active and planned (new build) liquefied natural gas (LNG) terminals, oil storage terminals, major trunk pipelines and gas processing plants in Angola till 2020. The report also offers recent developments and latest awarded contracts in the country’s midstream sector. Read More

Global Oil And Gas Automation Market is segmented by Application (Drilling_Production_Pipeline Monitoring_Refining_Asset Maintenance), Type (SCADA Systems_DCS_PLC_IoT Platforms_AI/ML in Operations), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

The Norwegian oil and gas industry, a cornerstone of the nation's economy, is experiencing a period of dynamic transformation. While facing headwinds from global energy transition initiatives and fluctuating oil prices, the sector maintains a strong position driven by its significant reserves, advanced technological capabilities, and a skilled workforce. The market, with a 2025 market size estimated at $50 billion (based on a global market size and Norway's significant share), is projected to experience consistent growth, fueled by ongoing exploration and production activities, particularly in the North Sea. Key drivers include investments in offshore infrastructure modernization, exploration of new reserves, and increasing demand for natural gas, viewed as a transitional fuel source. However, the industry faces constraints such as stringent environmental regulations, increasing operational costs, and the need to adapt to a lower-carbon future. This necessitates a strategic shift towards sustainable practices, including carbon capture and storage (CCS) technologies and exploration of renewable energy resources. Major players like Equinor ASA, Aker BP ASA, and international giants like TotalEnergies and ConocoPhillips are actively involved in shaping this evolution, undertaking significant investments to navigate these challenges and capitalize on emerging opportunities. The segmentation of the Norwegian oil and gas market reveals a complex interplay of production, consumption, import, and export activities. Production analysis showcases the dominance of offshore platforms, with ongoing investments in maximizing output and efficiency. Consumption is largely influenced by domestic energy needs and industrial applications. Import and export analyses highlight Norway's role as a significant global supplier, with exports primarily targeting European markets. Price trend analysis reveals sensitivity to global commodity prices, geopolitical events, and fluctuating demand. The forecast period (2025-2033) anticipates continued growth, albeit at a moderated pace, reflective of both the inherent resilience of the industry and the increasing pressure for decarbonization. Regional analysis indicates the North Sea remains the core production area, with potential for future expansion dependent on successful exploration and regulatory approvals. Overall, the Norwegian oil and gas industry's future rests on adapting to the evolving global energy landscape while leveraging its strengths to maintain its economic significance and contribute to a sustainable energy future. Recent developments include: In March 2020, the Skogul field located in the central part of the Norwegian North Sea, operated by Aker BP had started production. The field is estimated to contain recoverable resources of 1.5 million standard cubic meters of oil (9.4 million bbls)., In December 2020, ConocoPhillips Skandinavia AS (operator) announced the discovery of a new oil discovery (wildcat well 6507/5-10 S) on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. The well is estimated to have 12 to 32 million standard cubic meters (Sm3) of recoverable oil equivalent., In February 2021, Equinor discovered hydrocarbons near the Troll field in the North Sea. The wells (wildcat well 31/1-2 S, and appraisal well 31/1-2 A) were drilled about 10 kilometers northwest of the Troll field in the North Sea and 130 kilometers northwest of Bergen. Both wells are estimated to have 7 to 11 million Sm3 of recoverable oil equivalent.. Notable trends are: Development of New Oilfields to Drive the Market.

Considering the 2020 Sustainable Development Scenario, global oil production is expected to value at *** trillion U.S. dollars by 2040, with natural gas production coming in at *** trillion U.S. dollars. However, figures are forecast to be considerably higher when taking into account the 2020 Stated Policies Scenario, which would see oil production generate some **** trillion U.S. dollars. The Stated Policies Scenario of each respective year are based on existing and announced policies, where the world is not on course to achieve sustainable results set by the Paris Agreement and following UN's Sustainable Development Goals.

The oil industry and natural gas industry face various challenges as the number of governments pledging to become carbon neutral by the mid century is growing. Future market development uncertainty has set a unique burden on the oil and natural gas industry. Additionally, the 2020's coronavirus pandemic presents yet another challenge, as liquids demand declines.

The global Oil And Gas Analytics market size is expected to grow from USD 15 billion in 2019 to USD 60 billion by 2026, at a CAGR of 20% from 2020-2026

The size of the North Sea Oil and Gas Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.00% during the forecast period. Recent developments include: In March 2021, United Kingdom became the first G7 country to be agreed on the deal to support the oil and gas industry's transition to clean, green energy, while supporting 40,000 jobs in the North Sea region. The deal between the government of the United Kingdom and the oil and gas sector industry is expected to support workers, businesses, and the supply chain through this transition by harnessing the industry's existing capabilities, infrastructure, and private investment potential to exploit new and emerging technologies such as hydrogen production, Carbon Capture Usage and Storage, offshore wind and decommissioning., In January 2021, Norwegian Petroleum Directorate announced that the authorities in Norway offered 30 companies with ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA ) 2020.,

Offshore Platforms

Fixed Platforms

Fixed Platforms

Transportation

Subsea Pipelines

Tankers

Services

Supply Vessels

Maintenance and Repair. Key drivers for this market are: 4., Growing Demand to Develop the Natural Gas Infrastructure4.; Increase in Offshore Oil and Gas Exploration and Production (E&P) Activities. Potential restraints include: 4., High Volatility of Oil and Gas Prices. Notable trends are: Increasing Investments in Gas Sector Expected to Drive the Market Demand.

The size of the Oil and Gas Industry in Norway market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.00">> 1.00% during the forecast period. Recent developments include: In March 2020, the Skogul field located in the central part of the Norwegian North Sea, operated by Aker BP had started production. The field is estimated to contain recoverable resources of 1.5 million standard cubic meters of oil (9.4 million bbls)., In December 2020, ConocoPhillips Skandinavia AS (operator) announced the discovery of a new oil discovery (wildcat well 6507/5-10 S) on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. The well is estimated to have 12 to 32 million standard cubic meters (Sm3) of recoverable oil equivalent., In February 2021, Equinor discovered hydrocarbons near the Troll field in the North Sea. The wells (wildcat well 31/1-2 S, and appraisal well 31/1-2 A) were drilled about 10 kilometers northwest of the Troll field in the North Sea and 130 kilometers northwest of Bergen. Both wells are estimated to have 7 to 11 million Sm3 of recoverable oil equivalent.. Key drivers for this market are: 4., Increasing Demand for Wood Pellets in Clean Energy Generation4.; Growing Wood Pellet Manufacturing Infrastructure. Potential restraints include: 4., The Adoption and Increasing Deployment of Alternative Renewable Energy. Notable trends are: Development of New Oilfields to Drive the Market.

Romania Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Oil Storage, Pipelines, Underground Gas Storage and Gas Processing is a comprehensive report on midstream oil and gas industry in Romania. The report provides oil production, consumption, exports and imports from 2000 to 2020. The report also provides natural gas production, consumption and imports details from 2000 to 2020. It also provides historic oil and gas reserves for the period 2000 to 2014. Further, the report provides details such as name, type, operational status and operator for all active and planned (new build) oil storage terminals, major trunk pipelines, gas storage facilities and gas processing plants in Romania till 2020. The report also offers recent developments as well as latest contracts awarded in the country’s midstream sector. Read More

US Oil And Gas Upstream Market size was valued at USD 923.44 Million in 2024 and is projected to reach USD 1094.75 Million by 2032, growing at a CAGR of 2.15% from 2026 to 2032.Key Market DriversGrowing Domestic Oil Production and Energy Independence: The United States has greatly increased its oil and gas production capacity, hence boosting its position in global energy markets. According to the Energy Information Administration (EIA), US crude oil output hit a new high of 13.3 million barrels per day in 2023, a 32% increase from 2018. According to the US Department of Energy, domestic oil output has reduced petroleum imports by 65% since 2010, and the US became a net energy exporter in 2020, exporting an average of 3.6 million barrels of petroleum products per day in 2023.Technological Advancements in Drilling and Extraction: Advanced drilling technologies and improved extraction procedures have greatly increased production efficiency.

Mexico Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Mexico. The report provides oil production, consumption, exports and imports from 2000 to 2020. The report also provides natural gas production, consumption and imports from 2000 to 2020. It also provides historic oil and gas reserves for the period 2000 to 2014. Further, the report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in Mexico till 2020. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country’s midstream sector. Read More

According to Cognitive Market Research, the global Big Data in Oil and Gas Sector market size is projected to reach USD XX million by 2024 and is expected to expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031.

The global Big Data in Oil and Gas Sector market is anticipated to grow significantly, with a projected CAGR of XX% between 2024 and 2031.
North America is expected to hold a major market share of more than XX%, with a market size of USD XX million in 2024, and is forecasted to grow at a CAGR of XX% from 2024 to 2031 due to the advanced technological infrastructure and the high adoption rate of digital technologies in the oil and gas sector.
The upstream application segment held the highest Big Data in Oil and Gas Sector market revenue share in 2024, attributed to the critical role of big data in exploration and production activities, optimizing reservoir performance, and minimizing risks.

Market Dynamics - Key Drivers of the Big Data in Oil and Gas Sector

Integration of Advanced Analytics for Enhanced Decision-Making Drives the Big Data in Oil & Gas Market

The Big Data in Oil & Gas market is driven by the adoption of advanced analytics, where cost efficiency is a major achievement. Big data analytics processes complex datasets for better predictions and optimisations. Its affordability relative to other precious metals like gold and platinum further amplifies its appeal. As Big Data is further integrated, the development of the Oil & Gas Sector is buoyed by enhancing decision-making, efficiency, and safety.

For instance, ExxonMobil, in their "2020 Energy & Carbon Summary" report, highlighted the use of advanced seismic imaging and data analytics to improve the accuracy of subsurface exploration, thereby reducing drilling risks and enhancing operational efficiency.

IoT Deployment for Real-Time Monitoring and Efficiency Further Propel the Big Data in Oil & Gas Market

The rising demand for monitored infographics and data analytics is to fuel the Big Data in the Oil & Gas market. The deployment of IoT devices facilitates real-time monitoring and operational efficiency. This development aligns with the broader shift towards self-sufficiency and positive capital allocations. As IoT sensors on equipment and in operations provide critical data for predictive maintenance and decision-making, contributing to the shift from capital expenditure to operational expenditure in multiple outsourced activities for the businesses.

Schlumberger, in their "Digital Transformation in the Oil and Gas Industry" report, discussed implementing IoT solutions to monitor well operations, which has led to significant improvements in maintenance strategies and operational efficiencies.

Market Dynamics - Key Restraints of the Big Data in Oil and Gas Sector

Data Security and Privacy Concerns is a Challenge for the Big Data in Oil & Gas Market

With the companies storing all the its data on every aspect of business for a more efficient future working, there is still room for avoidable threats. The rising demand for big data might come with the threat of Data security and privacy are significant concerns with the increasing use of big data analytics, given the oil and gas sector's sensitive nature. Cyber threats limit the adoption of big data solutions, limiting the demand for Big data in the Oil & Gas market.

The International Energy Agency (IEA), in its "Digitalization & Energy" report, highlighted the cybersecurity challenges facing the energy sector, emphasizing the need for robust security measures in the adoption of digital technologies, including big data analytics.

Integration and Interoperability Challenges will Restraint the Big Data in Oil & Gas Market

Data access, analysis, and storage are becoming more and more of an issue for businesses. Compatibility and interoperability issues arise when big data technologies are integrated with legacy systems. The integration process is made more difficult by the diversity of data sources and formats. Most firms are finding it necessary to evaluate new technologies and legacy infrastructure as the needs of Big Data outpace those of traditional relational databases.

A study by Deloitte, titled "Digital Transformation: Shaping the Future of the Oil and Gas Industry", identified integration of new technologies with existin...

Peru Midstream Oil and Gas Industry Outlook to 2020: Market Forecasts for Liquefied Natural Gas (LNG), Oil Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Peru. The report provides oil production, consumption, exports and imports from 2000 to 2020. The report also provides natural gas production, consumption and exports from 2000 to 2020. It also provides historic oil and gas reserves for the period 2000 to 2014. Further, the report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, oil storage terminals, major trunk pipelines and gas processing plants in Peru till 2020. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country’s midstream sector. Read More

The Asia-Pacific Oil and Gas Midstream Market was valued at USD 10.45 Billion in 2024 and is expected to reach USD 12.72 Billion by 2030 with a CAGR of 3.17% during the forecast period.

Snapshot img { margin: 10px !important; } The global natural gas market has the potential to grow by USD 137.51 billion during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by resource type (conventional and unconventional) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., ConocoPhillips Co., Exxon Mobil Corp., PetroChina Co. Ltd., PJSC Gazprom, Royal Dutch Shell Plc, Saudi Arabian Oil Co., Suncor Energy Inc., and TOTAL SA.

Market Overview

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Market Competitive Analysis

The natural gas market is currently highly fragmented, and the degree of fragmentation will remain the same during the forecast period. Vendors are focusing on unconventional exploration and production activities to increase revenue generation. BP Plc, Chevron Corp., ConocoPhillips Co., and Exxon Mobil Corp. are some of the major market participants. Although the investments in upstream projects will offer immense growth opportunities, the environmental concerns related to drilling will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this natural gas 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 natural gas market analysis report also 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 natural gas companies, including:

BP Plc
Chevron Corp.
ConocoPhillips Co.
Exxon Mobil Corp.
PetroChina Co. Ltd.
PJSC Gazprom
Royal Dutch Shell Plc
Saudi Arabian Oil Co.
Suncor Energy Inc.
TOTAL SA

Natural Gas Market: Segmentation by Region

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North America was the largest market for natural gas in 2019, and the region will continue to offer maximum growth opportunities to vendors. The natural gas production output in North America has increased significantly in recent years owing to unconventional exploration and production activities, such as drilling, in shale reserves in the region.

Over 36% of the market’s growth will originate from North America during the forecast period. The growing number of onshore and offshore natural gas projects and rising investments and initiatives undertaken by various governments will contribute to the natural gas market size growth in the region. The US and Canada are the key markets for natural gas in North America. Market growth in this region will be faster than the growth of the market in other geographies.

Natural Gas Market: Segmentation by Resource Type

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Oil and natural gas production from conventional resources hold a significant share in the oil and gas industry. The availability of conventional resources of natural gas is high in natural gas-producing countries such as Russia, Iran, Qatar, and China. The rising demand for natural gas and increasing investments in the upstream sector are driving the growth of the global natural gas market by the conventional segment.

However, market growth by the conventional segment will be slower than the growth of the market by the unconventional segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the natural gas market size.

Natural Gas Market: Key Drivers and Trends

The growing population and industrial development have been increasing the demand for energy across the world. Therefore, many countries are exploring untapped oil and gas resources with the help of technological advances in the oil and gas industry. Moreover, oil and gas operators are increasingly investing in mature oil and gas fields to overcome the issue of declining conventional oilfields and maximize their revenue. Such increasing investments in the upstream oil and gas sector across the world will drive natural gas exploration and production activities, fueling n

• Oil and Gas Pipeline Market Scope:

The report on Oil and Gas Pipeline Market offers in-depth analysis of market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report includes the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global oil and gas pipeline market is segmented on the basis of type, application, and geography.

The Global Oil and Gas Pipeline market is estimated to be US$ XX.X Mn in 2019 and is projected to increase significantly at a CAGR of x.x% from 2020 to 2028. Read More

• The global industry was valued at US$ 2.8 Bn in 2023
• It is estimated to advance at a CAGR of 12.3% from 2024 to 2034 and reach US$ 10.1 Bn by the end of 2034

Market Introduction

Regional Outlook

AI in Oil and Gas Market Snapshot

In light of the coronavirus pandemic and its impact on global oil demand and U.S. businesses, a September 2020 survey found that the majority of oil and gas executives believe United States' oil production has seen its peak. Only ** percent of the *** executives surveyed believe in further growth of the U.S. oil and gas industry.