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Oil and Gas Global Market Report 2024

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    Report

  • 500 Pages
  • February 2024
  • Region: Global
  • The Business Research Company
  • ID: 5939776
The oil and gas market size has grown strongly in recent years. It will grow from $7188.25 billion in 2023 to $7625.82 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The expansion observed in the historical period can be ascribed to the increase in crude oil and natural gas production, the growth of the petrochemical industry, the emergence of markets in developing countries, and an upswing in investments for oil and gas exploration.

The oil and gas market size is expected to see strong growth in the next few years. It will grow to $9347.9 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The anticipated growth in the forecast period can be linked to the expansion of resource exploration and supportive government measures, which are expected to drive market growth. Potential obstacles to the future growth of the oil and gas market include price volatility and geopolitical tensions. Notable trends expected in this period involve an emphasis on emission reduction solutions, a transition towards digital technologies, an increasing preference for reservoir modeling, investments in oil drilling activities, and the formation of industry alliances for advanced drilling solutions.

The oil and gas industry is expected to benefit positively from low interest rates in most developed countries throughout the forecast period. For instance, in September 2023, the UK reduced interest rates to a historic low of 0.1%, maintaining this level until December 2021. Additionally, other central banks in countries such as North Macedonia, South Africa, Malaysia, Kenya, Argentina, Ukraine, Sri Lanka, and Azerbaijan, along with Turkey, also implemented interest rate reductions in 2021.

Anticipated growth in the oil and gas market is driven by increasing government investments. Government investment involves the use of public funds to finance activities aimed at generating long-term benefits for the economy and society. These investments support research and development initiatives in new oil and gas exploration and production technologies. They may also include the construction or expansion of critical components in the oil and gas supply chain, such as pipelines, refineries, and storage facilities. For example, in June 2023, as reported by Datacenter Forum, the Norwegian government approved an $18 billion investment for the development of 19 oil and gas fields. Consequently, the upward trajectory of government investments plays a pivotal role in propelling the growth of the oil and gas market.

Major players in the oil and gas industry are increasingly exploring the integration of big data analytics and artificial intelligence (AI) to enhance decision-making capabilities and drive profits. These companies accumulate vast amounts of raw data from sensors placed across oil rigs, refineries, pipelines, and other infrastructure. Leveraging big data analytics enables them to identify patterns, allowing swift responses to unwanted changes or potential defects and resulting in cost savings. AI technologies empower these companies to make improved drilling and operational decisions. For instance, industry giants such as ExxonMobil and Shell are heavily investing in AI technology to establish centralized data management methods and support data integration across various applications. Similarly, Sinopec, a Chinese chemical and petroleum corporation, has announced plans to construct 10 intelligent centers, aiming to reduce operational costs by 20%.

Major companies engaged in the oil and gas market are placing emphasis on the development of innovative products, such as modular induction motors, to gain a competitive edge. A modular induction motor is an electric motor designed for customization and configuration, enabling the creation of a motor with the desired power rating, speed, and mounting configuration. In June 2023, ABB Group, a Switzerland-based provider of power and automation technologies, introduced the AMI 5800 NEMA modular induction motor. Renowned for its outstanding energy efficiency and reliability in demanding applications such as pumps, compressors, fans, extruders, conveyors, and crushers, the AMI 5800 offers a high degree of modularity and adaptability for both new build and upgrade projects across various industries, including chemical, oil, and gas. It is rated for a power output of up to 1750 HP.


Major companies operating in the oil and gas market report are Sinopec, Saudi Aramco, Exxon Mobil, Chevron, Total SA, PetroChina, BP PLC, Royal Dutch Shell, Valero Energy Corp, PJSC Gazprom, Indian Oil Corporation Limited, Oil and Natural Gas Corporation, Bharat Petroleum, Reliance Petroleum Ltd., Eneos Holdings, China National Petroleum Corporation, Shaanxi Yanchang Petroleum, Sinochem Group, China National Offshore Oil Corporation, TotalEnergies SE, Wintershall Dea GmbH, Repsol SA, Glencore International AG, Eni SpA, Edison, Enel X, Erg, Rosneft Oil Co, Lukoil Oil Co, Surgutneftegas, Tatneft, Novatek, Irkutsk Oil Company, OMV Petrom, PKN Orlen, Lotos Group, Moravské naftové doly, ConocoPhillips, Anadarko Petroleum Corporation, Occidental Petroleum Corporation, EOG Resources, Cimarex Energy, Pioneer Natural Resources, Suncor Energy Inc., Cenovus Energy Inc., Canadian Natural Resources Limited, AltaGas Ltd., Petrobras (Petróleo Brasileiro S.A.), QGEP Participações S.A., Petrogal Brasil S/A, Petronas Petróleo Brasil Ltda, EQUINOR ENERGY DO BRASIL LTDA., Emirates National Oil Company (ENOC), Dubai Petroleum., Emirates General Petroleum Corporation (Emarat), Abu Dhabi National Energy Company (TAQA), Abu Dhabi National Oil Company (ADNOC), EMDAD Services LLC., Crescent Petroleum., Dana Gas., Egyptian General Petroleum Corporation, Egyptian Natural Gas Holding Co, Nigerian National Petroleum Corporation, Aiteo, Sasol Limited, Engen Petroleum Limited, African Exploration Mining and Finance Corporation, Tullow Oil, National Oil Corporation of Kenya.

Asia-Pacific was the largest region in the oil and gas market in 2023. North America was the second largest region in the oil and gas market. The regions covered in the oil and gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the oil and gas market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa. The oil and gas market consists of sales of crude oil, natural gas, refined petroleum products and asphalt, lubricating oil, and grease. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The primary categories are oil and gas upstream activities, as well as oil downstream products. Oil and gas upstream activities encompass exploration tasks such as conducting geological surveys, securing land rights, and engaging in production activities, including both onshore and offshore drilling. Different drilling types include offshore and onshore, which find applications in residential, commercial, institutional, and various other contexts.

The oil and gas market research report are one of a series of new reports that provides oil and gas market statistics, including oil and gas industry global market size, regional shares, competitors with an oil and gas market share, detailed oil and gas market segments, market trends and opportunities, and any further data you may need to thrive in the oil and gas industry. This oil and gas market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Table of Contents

1. Executive Summary2. Oil and Gas Market Characteristics
3. Oil and Gas Product/Service Analysis -Product/Service Examples
3.1. Oil and Gas Supply Chain Analysis
3.1.1. Oil and Gas Resources
3.1.2. Oil and Gas Manufacturers
3.1.3. Oil and Gas Distributors and Retailers
3.1.4. Oil and Gas End Users
3.2. Oil and Gas Customer Information
4. Oil and Gas Market Trends and Strategies
5. Oil and Gas Market - Macro Economic Scenario
5.1. Impact of High Inflation on the Market
5.2. Ukraine-Russia War Impact on the Market
5.3. COVID-19 Impact on the Market
6. Global Oil and Gas Market Size and Growth
6.1. Global Oil and Gas Market Drivers and Restraints
6.1.1. Drivers of the Market
6.1.2. Restraints of the Market
6.2. Global Oil and Gas Historic Market Size and Growth, 2018-2023, Value ($ Billion)
6.3. Global Oil and Gas Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
7. Oil and Gas Market Segmentation
7.1. Global Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Oil & Gas Upstream Activities
  • Oil Downstream Products
7.2. Global Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Offshore
  • Onshore
7.3. Global Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Residential
  • Commercial
  • Institutions
  • Other Applications
8. Oil and Gas Market Regional and Country Analysis
8.1. Global Oil and Gas Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.2. Global Oil and Gas Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. Asia-Pacific Oil and Gas Market
9.1. Asia-Pacific Oil and Gas Market Overview
Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
9.2. Asia-Pacific Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.3. Asia-Pacific Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9.4. Asia-Pacific Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10. China Oil and Gas Market
10.1. China Oil and Gas Market Overview
10.2. China Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.3. China Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10.4. China Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
11. India Oil and Gas Market
11.1. India Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. India Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. India Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Japan Oil and Gas Market
12.1. Japan Oil and Gas Market Overview
12.2. Japan Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Japan Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.4. Japan Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Australia Oil and Gas Market
13.1. Australia Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Australia Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Australia Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. Indonesia Oil and Gas Market
14.1. Indonesia Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. Indonesia Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. Indonesia Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. South Korea Oil and Gas Market
15.1. South Korea Oil and Gas Market Overview
15.2. South Korea Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. South Korea Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. South Korea Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. Bangladesh Oil and Gas Market
16.1. Bangladesh, Oil and Gas Historic Market, 2018-2023, $ Billion
16.2. Bangladesh, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
17. Thailand Oil and Gas Market
17.1. Thailand, Oil and Gas Historic Market, 2018-2023, $ Billion
17.2. Thailand, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
18. Vietnam Oil and Gas Market
18.1. Vietnam, Oil and Gas Historic Market, 2018-2023, $ Billion
18.2. Vietnam, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
19. Malaysia Oil and Gas Market
19.1. Malaysia, Oil and Gas Historic Market, 2018-2023, $ Billion
19.2. Malaysia, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
20. Singapore Oil and Gas Market
20.1. Singapore, Oil and Gas Historic Market, 2018-2023, $ Billion
20.2. Singapore, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
21. Philippines Oil and Gas Market
21.1. Philippines, Oil and Gas Historic Market, 2018-2023, $ Billion
21.2. Philippines, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
22. Hong kong Oil and Gas Market
22.1. Hong Kong, Oil and Gas Historic Market, 2018-2023, $ Billion
22.2. Hong Kong, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
23. New Zealand Oil and Gas Market
23.1. New Zealand, Oil and Gas Historic Market, 2018-2023, $ Billion
23.2. New Zealand, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
24. Western Europe Oil and Gas Market
24.1. Western Europe Oil and Gas Market Overview
24.2. Western Europe Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. Western Europe Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. Western Europe Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. UK Oil and Gas Market
25.1. UK Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.2. UK Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. UK Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. Germany Oil and Gas Market
26.1. Germany Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.2. Germany Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. Germany Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. France Oil and Gas Market
27.1. France Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. France Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. France Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Italy Oil and Gas Market
28.1. Italy Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.2. Italy Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Italy Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Spain Oil and Gas Market
29.1. Spain Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.2. Spain Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Spain Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Austria Oil and Gas Market
30.1. Austria, Oil and Gas Historic Market, 2018-2023, $ Billion
30.2. Austria, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
31. Belgium Oil and Gas Market
31.1. Belgium, Oil and Gas Historic Market, 2018-2023, $ Billion
31.2. Belgium, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
32. Denmark Oil and Gas Market
32.1. Denmark, Oil and Gas Historic Market, 2018-2023, $ Billion
32.2. Denmark, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
33. Finland Oil and Gas Market
33.1. Finland, Oil and Gas Historic Market, 2018-2023, $ Billion
33.2. Finland, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
34. Ireland Oil and Gas Market
34.1. Ireland, Oil and Gas Historic Market, 2018-2023, $ Billion
34.2. Ireland, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
35. Netherlands Oil and Gas Market
35.1. Netherlands, Oil and Gas Historic Market, 2018-2023, $ Billion
35.2. Netherlands, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
36. Norway Oil and Gas Market
36.1. Norway, Oil and Gas Historic Market, 2018-2023, $ Billion
36.2. Norway, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
37. Portugal Oil and Gas Market
37.1. Portugal, Oil and Gas Historic Market, 2018-2023, $ Billion
37.2. Portugal, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
38. Sweden Oil and Gas Market
38.1. Sweden, Oil and Gas Historic Market, 2018-2023, $ Billion
38.2. Sweden, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
39. Switzerland Oil and Gas Market
39.1. Switzerland, Oil and Gas Historic Market, 2018-2023, $ Billion
39.2. Switzerland, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
40. Eastern Europe Oil and Gas Market
40.1. Eastern Europe Oil and Gas Market Overview
40.2. Eastern Europe Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.3. Eastern Europe Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
40.4. Eastern Europe Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41. Russia Oil and Gas Market
41.1. Russia Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.2. Russia Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
41.3. Russia Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
42. Czech Republic Oil and Gas Market
42.1. Czech Republic, Oil and Gas Historic Market, 2018-2023, $ Billion
42.2. Czech Republic, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
43. Poland Oil and Gas Market
43.1. Poland, Oil and Gas Historic Market, 2018-2023, $ Billion
43.2. Poland, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
44. Romania Oil and Gas Market
44.1. Romania, Oil and Gas Historic Market, 2018-2023, $ Billion
44.2. Romania, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
45. Ukraine Oil and Gas Market
45.1. Ukraine, Oil and Gas Historic Market, 2018-2023, $ Billion
45.2. Ukraine, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
46. North America Oil and Gas Market
46.1. North America Oil and Gas Market Overview
46.2. North America Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.3. North America Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
46.4. North America Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47. USA Oil and Gas Market
47.1. USA Oil and Gas Market Overview
47.2. USA Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.3. USA Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
47.4. USA Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48. Canada Oil and Gas Market
48.1. Canada Oil and Gas Market Overview
48.2. Canada Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.3. Canada Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
48.4. Canada Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
49. Mexico Oil and Gas Market
49.1. Mexico, Oil and Gas Historic Market, 2018-2023, $ Billion
49.2. Mexico, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
50. South America Oil and Gas Market
50.1. South America Oil and Gas Market Overview
50.2. South America Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.3. South America Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
50.4. South America Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51. Brazil Oil and Gas Market
51.1. Brazil Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.2. Brazil Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
51.3. Brazil Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
52. Chile Oil and Gas Market
52.1. Chile, Oil and Gas Historic Market, 2018-2023, $ Billion
52.2. Chile, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
53. Argentina Oil and Gas Market
53.1. Argentina, Oil and Gas Historic Market, 2018-2023, $ Billion
53.2. Argentina, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
54. Colombia Oil and Gas Market
54.1. Colombia, Oil and Gas Historic Market, 2018-2023, $ Billion
54.2. Colombia, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
55. Peru Oil and Gas Market
55.1. Peru, Oil and Gas Historic Market, 2018-2023, $ Billion
55.2. Peru, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
56. Middle East Oil and Gas Market
56.1. Middle East Oil and Gas Market Overview
56.2. Middle East Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.3. Middle East Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
56.4. Middle East Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
57. Saudi Arabia Oil and Gas Market
57.1. Saudi Arabia, Oil and Gas Historic Market, 2018-2023, $ Billion
57.2. Saudi Arabia, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
58. Israel Oil and Gas Market
58.1. Israel, Oil and Gas Historic Market, 2018-2023, $ Billion
58.2. Israel, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
59. Iran Oil and Gas Market
59.1. Iran, Oil and Gas Historic Market, 2018-2023, $ Billion
59.2. Iran, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
60. Turkey Oil and Gas Market
60.1. Turkey, Oil and Gas Historic Market, 2018-2023, $ Billion
60.2. Turkey, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
61. United Arab Emirates Oil and Gas Market
61.1. United Arab Emirates, Oil and Gas Historic Market, 2018-2023, $ Billion
61.2. United Arab Emirates, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
62. Africa Oil and Gas Market
62.1. Africa Oil and Gas Market Overview
62.2. Africa Oil and Gas Market, Segmentation by Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.3. Africa Oil and Gas Market, Segmentation by Drilling Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
62.4. Africa Oil and Gas Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
63. Egypt Oil and Gas Market
63.1. Egypt, Oil and Gas Historic Market, 2018-2023, $ Billion
63.2. Egypt, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
64. Nigeria Oil and Gas Market
64.1. Nigeria, Oil and Gas Historic Market, 2018-2023, $ Billion
64.2. Nigeria, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
65. South Africa Oil and Gas Market
65.1. South Africa, Oil and Gas Historic Market, 2018-2023, $ Billion
65.2. South Africa, Oil and Gas Forecast Market, 2018-2023, 2028F, 2033F, $ Billion
66. Oil and Gas Market Competitive Landscape and Company Profiles
66.1. Oil and Gas Market Competitive Landscape
66.2. Oil and Gas Market Company Profiles
66.2.1. Sinopec
66.2.1.1. Overview
66.2.1.2. Products and Services
66.2.1.3. Strategy
66.2.1.4. Financial Performance
66.2.2. Saudi Aramco
66.2.2.1. Overview
66.2.2.2. Products and Services
66.2.2.3. Strategy
66.2.2.4. Financial Performance
66.2.3. Exxon Mobil
66.2.3.1. Overview
66.2.3.2. Products and Services
66.2.3.3. Strategy
66.2.3.4. Financial Performance
66.2.4. Chevron
66.2.4.1. Overview
66.2.4.2. Products and Services
66.2.4.3. Strategy
66.2.4.4. Financial Performance
66.2.5. Total SA
66.2.5.1. Overview
66.2.5.2. Products and Services
66.2.5.3. Strategy
66.2.5.4. Financial Performance
67. Oil and Gas Market Other Major and Innovative Companies
67.1. PetroChina
67.2. BP plc
67.3. Royal Dutch Shell
67.4. Valero Energy Corp
67.5. PJSC Gazprom
67.6. Indian Oil Corporation Limited
67.7. Oil and Natural Gas Corporation
67.8. Bharat Petroleum
67.9. Reliance Petroleum Ltd
67.10. Eneos Holdings
67.11. China National Petroleum Corporation
67.12. Shaanxi Yanchang Petroleum
67.13. Sinochem Group
67.14. China National Offshore Oil Corporation
67.15. TotalEnergies SE
68. Global Oil and Gas Market Competitive Benchmarking69. Global Oil and Gas Market Competitive Dashboard70. Key Mergers and Acquisitions in the Oil and Gas Market
71. Oil and Gas Market Future Outlook and Potential Analysis
71.1 Oil and Gas Market in 2028 - Countries Offering Most New Opportunities
71.2 Oil and Gas Market in 2028 - Segments Offering Most New Opportunities
71.3 Oil and Gas Market in 2028 - Growth Strategies
71.3.1 Market Trend-based Strategies
71.3.2 Competitor Strategies
72. Appendix
72.1. Abbreviations
72.2. Currencies
72.3. Historic and Forecast Inflation Rates
72.4. Research Inquiries
72.5. About the Analyst
72.6. Copyright and Disclaimer

Executive Summary

Oil and Gas Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on oil and gas market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for oil and gas? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Report Scope

Markets Covered:
1)By Type: Oil & Gas Upstream Activities; Oil Downstream Products
2) By Drilling Type: Offshore; Onshore
3) By Application: Residential; Commercial; Industrial; Other Applications

Sub segments: Crude Oil; Natural Gas; Oil and Gas Wells Drilling Services; Oil and Gas Supporting Activities; Refined Petroleum Products; Asphalt, Lubricating Oil and Grease

Key Companies Mentioned: Sinopec; Saudi Aramco; Exxon Mobil; Chevron; Total SA

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes

Delivery Format: PDF, Word and Excel Data Dashboard

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Sinopec
  • Saudi Aramco
  • ExxonMobil
  • Chevron
  • Total SA
  • PetroChina
  • BP plc
  • Royal Dutch Shell
  • Valero Energy Corp
  • PJSC Gazprom
  • Indian Oil Corporation Limited
  • Oil and Natural Gas Corporation
  • Bharat Petroleum
  • Reliance Petroleum Ltd
  • Eneos Holdings
  • China National Petroleum Corporation
  • Shaanxi Yanchang Petroleum
  • Sinochem Group
  • China National Offshore Oil Corporation
  • TotalEnergies SE
  • Wintershall Dea GmbH
  • Repsol SA
  • Glencore International AG
  • Eni SpA
  • Edison
  • Enel X
  • Erg
  • Rosneft Oil Co
  • Lukoil Oil Co
  • Surgutneftegas
  • Tatneft
  • Novatek
  • Irkutsk Oil Company
  • OMV Petrom
  • PKN Orlen
  • Lotos Group
  • Moravské naftové doly
  • ConocoPhillips
  • Anadarko Petroleum Corporation
  • Occidental Petroleum Corporation
  • EOG Resources
  • Cimarex Energy
  • Pioneer Natural Resources
  • Suncor Energy Inc
  • Cenovus Energy Inc
  • Canadian Natural Resources Limited
  • AltaGas Ltd
  • Petrobras (Petróleo Brasileiro S.A)
  • QGEP Participações S.A.
  • Petrogal Brasil S/A
  • Petronas Petróleo Brasil Ltda
  • EQUINOR ENERGY DO BRASIL LTDA.
  • Emirates National Oil Company (ENOC)
  • Dubai Petroleum.
  • Emirates General Petroleum Corporation (Emarat)
  • Abu Dhabi National Energy Company (TAQA)
  • Abu Dhabi National Oil Company (ADNOC)
  • EMDAD Services LLC.
  • Crescent Petroleum.
  • Dana Gas.
  • Egyptian General Petroleum Corporation
  • Egyptian Natural Gas Holding Co
  • Nigerian National Petroleum Corporation
  • Aiteo
  • Sasol Limited
  • Engen Petroleum Limited
  • African Exploration Mining and Finance Corporation
  • Tullow Oil
  • National Oil Corporation of Kenya.

Methodology

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