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Europe Oil & Gas Infrastructure Market Size - By Category (Surface and Lease Equipment, Gathering & Processing, Oil, Gas & NGL Pipelines, Oil & Gas Storage, Refining & Oil Products Transport, Export Terminals) & Forecast 2023 - 2032

  • Report ID: GMI5818
  • Published Date: May 2023
  • Report Format: PDF

Europe Oil & Gas Infrastructure Market Size

Europe Oil & Gas Infrastructure Market size was valued at USD 106.8 billion in 2022 and is anticipated to expand at a CAGR of 6% between 2023 and 2032. Oil & gas infrastructure contains a stack of resources consisting of refineries, pipelines, terminals, drilling platforms, processing plants, and storage facilities in oil & gas sector. Growing demand of gas-based infrastructure across the region coupled with increasing exploration and production activities will foster the business scenario. Growing investment to expand pipeline infrastructure to transport oil & gas products across Europe as well as to amplify the country’s economy will nourish the industry outlook.

Europe Oil & Gas Infrastructure Market

Continuous utilization of nonconventional oil & gas resources including tight gas and shale oil in line with advanced technological systems for increased energy efficient production rate of oil & gas will propel the market penetration. In addition, escalating investment to surge the crude oil production coupled with soaring demand for light distillates will thrust the industry landscape. Additionally, rising concern toward energy transition and decarbonization along with driving investment in renewable energy infrastructure and exploring the potential for carbon capture and storage technology will positively influence the industry outlook.

COVID-19 Impact

The oil and gas industry, including its infrastructure projects, has been widely impacted by the Covid-19 pandemic. The pandemic has caused disruptions across the entire oil and gas value chain, from production and exploration to transportation and refining. One of the major effects of the pandemic on the oil and gas infrastructure market has been project delays. The pandemic forced lockdowns and travel restrictions in many parts of the world, which disrupted supply chains and slowed down the progress of ongoing projects. Additionally, the reduced demand for oil and gas due to decreased travel and industrial activity has led to a decrease in exploration and production, and therefore a decrease in the need for new infrastructure.

Europe Oil & Gas Infrastructure Market Analysis

Europe Oil & Gas Infrastructure Market, By Category, 2021 - 2032 (USD Billion)

The Europe oil & gas infrastructure market from oil & gas storage segment accounted for USD 3 billion revenue in 2022, due to high reliability of resources for power generation in line with retirement of coal fired substations. Increasing measures pointed toward the national security while safeguarding the region’s economy during energy emergency will stimulate the oil storage market size. Rising concerns toward energy security along with growing crude oil and natural gas trade will enhance growth opportunities. The ability to minimize the chances of fire hazards & environmental impacts and reduce product losses will positively impact the product demand. Furthermore, continuous increase in the energy outlook coupled with growing concern towards the fulfillment of emergency crude oil supply will boost the investments across the industry.

Europe Oil & Gas Infrastructure Market Share, By Category, (2022)

Oil, Gas & NGL Pipeline market will significantly grow through 2032, on account of shifting trends toward gas powered plants coupled with growing demand for ethylene, propylene, and other natural gas liquids. In addition, the integration of advanced security systems to prevent pipeline disruption is expected to make operations more secure, cost-effective, and efficient, which will further boost the industry size. Ongoing investment on the development of LNG terminals in line with growing trend toward natural gas pipeline networks will accelerate business landscape. Additionally, rapid integration of natural gas-powered infrastructure along with surging demand for natural gas across key geographies will positively influence the industry landscape.

Norway Oil & Gas Infrastructure Market Size, 2020- 2032 (USD Billion)

Norway oil & gas infrastructure market will surpass USD 50 million by 2032, growing at a growth rate of over 7% by 2032. Favorable regulatory policies and fundings in line with advancements in technology solutions will accelerate the investment opportunity across the country. Surging demand for the natural gas resources in line with rising focus on exploring new sources of oil & gas including deep water fields will significantly foster the industry landscape. Increasing focus on safety and environment along with expanding storage and transportation facilities will entail the industry potential.

Europe Oil & Gas Infrastructure Market Share

The major players operating across the Europe oil & gas infrastructure market includes

  • Halliburton
  • Hatch Ltd.
  •  BP p.l.c.
  • ConocoPhillips Company
  • TotalEnergies
  • Chevron Corporation
  • Baker Hughes Company
  • Exxon Mobil Corporation
  • Shell
  • Royal Vopak
  • SLB
  • Centrica plc

The companies are focusing on robust investments to develop infrastructure in line with emission reduction targets and to gain competitive advantage across the value chain.

Europe Oil & Gas Infrastructure Industry News

  • In November 2021, ConocoPhillips has announced the investment of USD 1.46 billion for the development of Norway’s Tommeliten, a gas and condensate discovery. The investment plan of the company will lead to produce the reserves with the installation on seabed connected to its existing infrastructure facility at Conoco's Ekofisk field.
  • In July 2021, Halliburton has launched ExpressFiber, a single user fiber optic cable that provides accurate, direct subsurface measurements, includes cross well communication that allows fracture monitoring system on every well pad. ExpressFiber is used in distributed acoustic sensing to acquire the direct measurement of micro seismic, temperature and strain.

This Europe oil & gas infrastructure market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD” from 2019 to 2032, for the following segments:

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Market, By Category

  • Surface and Lease Equipment
  • Gathering & Processing
  • Oil, Gas & NGL Pipelines
  • Oil & Gas Storage
  • Refining & Oil Products Transport
  • Export Terminals

The above information has been provided for the following regions and countries:

  • Europe
    • Norway
    • UK
    • France
    • Italy
    • Russia
Authors: Ankit Gupta, Abhishek chopra

Frequently Asked Questions (FAQ) :

The market size for oil & gas infrastructure in Europe surpassed USD 106.8 billion in 2022 and will grow at a 6% CAGR between 2023 and 2032.

The oil & gas storage market was valued at over USD 3 billion in 2022, due to highly reliable power generation and the retirement of coal-fired substations.

Norway oil & gas infrastructure industry valuation will surpass USD 50 million by 2032, owing to favorable regulatory policies and funding to boost innovative energy technologies.

Halliburton, Hatch Ltd., BP p.l.c., TotalEnergies, Chevron Corporation, Exxon Mobil Corporation, Shell, Royal Vopak, SLB, and Centrica plc are some of the major oil & gas companies in the region.

Europe Oil & Gas Infrastructure Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 89
  • Countries covered: 5
  • Pages: 100
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