Global Oil & Gas EPC Market Analysis of Growth, Trends & Forecasts 2018-2023 –

The “Global
Oil & Gas EPC Market – Analysis of Growth, Trends and Forecasts (2018 –
2023)” report has been added to’s

In 2016, the global spending on oil and gas projects was about USD 437
billion, a decrease of nearly 41.7% when compared to that of 2014.
Factors, such as a decline in the investments in oil and gas projects
and cancellation of projects, worth USD 380 billion since 2014, have
resulted in a severe downturn in the global oil & gas EPC market.

If the new projects are not approved, the global oil supply is expected
to fall behind the global oil demand by 2020. Two scenarios can be
considered due to this situation. Firstly, a majority of operating
companies anticipate such situation and take the risk of investing in
new projects, even if the oil prices are low; however until the prices
rise, the companies can delay the production to prevent the oversupply.

The North American upstream EPC market is expected to grow at a faster
rate, due to the positive outlook of the oil & gas industry in the
United States, Canada, and Mexico. Oil production in the United States
is expected to grow, drastically, due to the growing production from the
Permian region of Texas and the Federal Gulf of Mexico. Canada provides
tremendous a growth opportunity for the oil & gas EPC market as the
country’s major oil reserves, like oil sand, are open to private
companies and not controlled by national oil companies.

Companies Mentioned

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Supply Chain Analysis

6. Global Oil & Gas EPC Market Analysis, by Sector

7. Global Oil & Gas EPC Market Analysis, by Geography

8. Key Company Analysis

9. Competitive Landscape

10. Appendix

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