Market Overview:
The global offshore oil and gas market is expected to grow from USD XX billion in 2018 to USD XX billion by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for energy across the globe and the rise in exploration and production activities of oil and gas reserves in offshore areas. The global offshore oil and gas market is segmented on the basis of type, application, and region. On the basis of type, it is divided into heavy crude oil, light crude oil, liquefied natural gas (LNG), and others. By application, it is classified into electronic equipment & components; industrial machinery; automotive; aerospace & defense; marine transportation; construction & infrastructure development; food processing industry; healthcare sector Others). Geographically, it is analyzed across North America (U.S., Canada), Latin America (Mexico Brazil), Europe (Germany U.K.), Asia Pacific (China India Japan South Korea) Middle East Africa(Saudi Arabia UAE Qatar Kuwait Bahrain Oman). Some key players operating in this market are Schlumberger Limited.; Halliburton Company Baker Hughes Incorporated Weatherford International plc National Oilwell Varco Inc.; Expro International Group Ltd.
Product Definition:
Offshore oil and gas is any petroleum that is drilled, extracted, or produced outside of the territorial waters of a country. Offshore oil and gas can be found in water depths ranging from a few meters to more than 3,000 meters. The main importance of offshore oil and gas production is that it can help countries to increase their energy security by providing them with access to resources located in other parts of the world.
Heavy crude oil:
Heavy crude oil is a type of crude oil with API gravity greater than 40. It usually has a high viscosity and low pour point. The major sources of heavy crudes are the OPEC countries, Russia, Canada, Venezuela and the U.S., which account for more than half of the global production.
Light crude oil:
Light crude oil (LCO) is a type of crude oil that has low viscosity and is produced in large quantities. LCOs are commonly found in the Middle East and North Africa. The major countries producing LCO include Canada, Russia, Saudi Arabia, U.S., Venezuela, Iraq and Kuwait among others.
Application Insights:
The industry application segment accounted for the largest market share in 2017 and is anticipated to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of oil & gas from offshore fields in Saudi Arabia, UAE, Mexico and China. Electronic applications include power generation plants, LNG terminals as well as petrochemical plants located alongshore.
Industry application segment is expected to witness significant growth over the forecast period owing to rapid industrialization along with urbanization in developing countries such as India & China which has resulted into increased demand for energy resources including coal and crude oil & gas resulting into increased offshore drilling activities across various regions globally.
Regional Analysis:
Asia Pacific offshore oil and gas market is expected to grow at the highest CAGR of XX% from 2018 to 2030. The region accounted for a share of over 60% in terms of revenue in 2017. This can be attributed to the presence of major crude oil reserves, particularly in China, India, Vietnam, Thailand and Indonesia. Moreover, increasing government spending on infrastructure coupled with growing demand for energy is likely to drive growth across this region during the forecast period.
North America was estimated as one of the largest regional markets owing to high production levels along with large proven reserves mainly located off the coastlines of Canada and United States.
Growth Factors:
- Increasing demand for energy: The global population is growing and so is the demand for energy. Offshore oil and gas reserves can help meet this increasing demand in a more sustainable way than other forms of energy generation such as coal or nuclear.
- Technological advances: Advances in technology are making it possible to extract oil and gas from offshore reserves that were once thought to be inaccessible. This means that the offshore oil and gas market is constantly expanding, providing opportunities for companies that are able to keep up with the latest technological developments.
- Environmental concerns: As awareness of climate change grows, there is an increasing focus on finding ways to reduce greenhouse gas emissions from all sources, including the burning of fossil fuels like oil and gas. Offshore oil and gas production has a lower carbon footprint than other forms of energy generation, making it an attractive option from an environmental standpoint.
Scope Of The Report
Report Attributes
Report Details
Report Title
Offshore Oil and Gas Market Research Report
By Type
Heavy crude oil, Light crude oil, Liquefied natural gas
By Application
Electronic, Industry, Other
By Companies
BP, ExxonMobil, Chevron, Royal Dutch Shell, Total, ConocoPhillips, Eni, Petrobras, Statoil, CNOOC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Offshore Oil and Gas Market Report Segments:
The global Offshore Oil and Gas market is segmented on the basis of:
Types
Heavy crude oil, Light crude oil, Liquefied natural gas
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electronic, Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BP
- ExxonMobil
- Chevron
- Royal Dutch Shell
- Total
- ConocoPhillips
- Eni
- Petrobras
- Statoil
- CNOOC
Highlights of The Offshore Oil and Gas Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy crude oil
- Light crude oil
- Liquefied natural gas
- By Application:
- Electronic
- Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Offshore Oil and Gas Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Offshore oil and gas refers to the extraction of petroleum and natural gas from beneath the surface of the earth. The process typically involves drilling down into rock formations, extracting oil or gas using a wellhead platform, then pumping it back up to the surface.
Some of the major players in the offshore oil and gas market are BP, ExxonMobil, Chevron, Royal Dutch Shell, Total, ConocoPhillips, Eni, Petrobras, Statoil, CNOOC.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Offshore Oil and Gas Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Offshore Oil and Gas Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Offshore Oil and Gas Market - Supply Chain
4.5. Global Offshore Oil and Gas Market Forecast
4.5.1. Offshore Oil and Gas Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Offshore Oil and Gas Market Size (000 Units) and Y-o-Y Growth
4.5.3. Offshore Oil and Gas Market Absolute $ Opportunity
5. Global Offshore Oil and Gas Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Offshore Oil and Gas Market Size and Volume Forecast by Type
5.3.1. Heavy crude oil
5.3.2. Light crude oil
5.3.3. Liquefied natural gas
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Offshore Oil and Gas Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Offshore Oil and Gas Market Size and Volume Forecast by Application
6.3.1. Electronic
6.3.2. Industry
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Offshore Oil and Gas Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Offshore Oil and Gas Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Offshore Oil and Gas Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Offshore Oil and Gas Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Offshore Oil and Gas Demand Share Forecast, 2019-2026
9. North America Offshore Oil and Gas Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Offshore Oil and Gas Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Offshore Oil and Gas Market Size and Volume Forecast by Application
9.4.1. Electronic
9.4.2. Industry
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Offshore Oil and Gas Market Size and Volume Forecast by Type
9.7.1. Heavy crude oil
9.7.2. Light crude oil
9.7.3. Liquefied natural gas
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Offshore Oil and Gas Demand Share Forecast, 2019-2026
10. Latin America Offshore Oil and Gas Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Offshore Oil and Gas Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Offshore Oil and Gas Market Size and Volume Forecast by Application
10.4.1. Electronic
10.4.2. Industry
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Offshore Oil and Gas Market Size and Volume Forecast by Type
10.7.1. Heavy crude oil
10.7.2. Light crude oil
10.7.3. Liquefied natural gas
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Offshore Oil and Gas Demand Share Forecast, 2019-2026
11. Europe Offshore Oil and Gas Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Offshore Oil and Gas Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Offshore Oil and Gas Market Size and Volume Forecast by Application
11.4.1. Electronic
11.4.2. Industry
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Offshore Oil and Gas Market Size and Volume Forecast by Type
11.7.1. Heavy crude oil
11.7.2. Light crude oil
11.7.3. Liquefied natural gas
11.8. Basis Point Share (BPS) Analysis by Type
11.9 Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Offshore Oil and Gas Demand Share, 2019-2026
12. Asia Pacific Offshore Oil and Gas Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Offshore Oil and Gas Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Offshore Oil and Gas Market Size and Volume Forecast by Application
12.4.1. Electronic
12.4.2. Industry
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Offshore Oil and Gas Market Size and Volume Forecast by Type
12.7.1. Heavy crude oil
12.7.2. Light crude oil
12.7.3. Liquefied natural gas
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Offshore Oil and Gas Demand Share, 2019-2026
13. Middle East & Africa Offshore Oil and Gas Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Offshore Oil and Gas Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Offshore Oil and Gas Market Size and Volume Forecast by Application
13.4.1. Electronic
13.4.2. Industry
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Offshore Oil and Gas Market Size and Volume Forecast by Type
13.7.1. Heavy crude oil
13.7.2. Light crude oil
13.7.3. Liquefied natural gas
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Offshore Oil and Gas Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Offshore Oil and Gas Market: Market Share Analysis
14.2. Offshore Oil and Gas Distributors and Customers
14.3. Offshore Oil and Gas Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ExxonMobil
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chevron
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Royal Dutch Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Total
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ConocoPhillips
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Eni
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Petrobras
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Statoil
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. CNOOC
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
