Oil & Gas Construction Projects Globally Tracked by Timetric in Its New Topical Report Recently Added at MarketPublishers.com21 Dec 2017 • by Natalie Aster
LONDON – After a lingering period of falling oil prices, optimism is returning to the industry with recent oil price increases encouraging project investment, led by the USA and the Americas. Efficiency and cost-cutting improvements made in production have created lower break points suited to lower oil prices.
At present, Timetric’s Construction Intelligence Center (CIC) is tracking nearly 1,326 oil and gas construction projects worldwide with a total value of around USD 4 trillion. Amid this, USD 1.45 trillion in currently in the execution stage.
Today, the Americas account for the biggest value of all construction oil and gas projects – appr. USD 1.28 trillion. The second position is held by APAC with projects evaluated at USD 1.23 trillion, followed by MEA – USD 1.11 trillion, and Europe – USD 328.7 billion.
Worldwide, refinery buildings form the highest value category estimated at about USD 1.27 trillion, it is followed by production facilities with a value of nearly USD 1.23 trillion.
The biggest oil and gas construction projects globally are the USD 80 billion ‘Libra Offshore Field Development’ in Brazil and the USD 70 billion ‘Power of Siberia Gas Fields and Transmission System Development’ in Russia.
The new topical report “Project Insight - Global Oil and Gas Construction Projects” prepared by Timetric offers a detailed analysis of the construction activities in the oil and gas industry, tracing 1,326 oil and projects worldwide. It gives access to detailed metrics on the key global and regional oil and gas construction projects (as tracked by CIC), discloses info on the total value of all projects as well as presents evaluations by country, region, stage of development, category. It uncovers vital info on the top 10 countries. Besides, the report contains a ranked listing of the leading participants in the oil and gas construction industry, identifying the top consulting engineers, contractors and project owners. Moreover, this study highlights the key factors stimulating construction activities in the oil and gas industry, and offers future forecasts for this industry.
Follow Timetric online catalogue to get access to a full list of the publisher’s topical reports.