The global offshore pipeline market is expected to grow from USD 11.5 million in 2018 to USD 15.8 billion by 2023, at a CAGR of 6.54% during the forecast period. The major factors driving the offshore pipeline market include increasing demand for crude oil and natural gas, especially from the Asia Pacific region. Increasing demand... Continue Reading →
Offshore Decommissioning Market: Growing Focus on Mature Oil and Gas Fields and Aging Offshore Platforms
According to the new market research report "Offshore Decommissioning Market by Service (Well Plugging & Abandonment, Platform Removal, Conductor Removal) Depth (Shallow, Deepwater) Structure (Topsides, Substructure) Removal (Leave in Place, Partial, Complete), and Region - Global Forecast to 2027", published by MarketsandMarkets™, the Offshore Decommissioning Market size is expected to grow from an estimated USD... Continue Reading →
Pipeline & Process Services Market: Rapid Rise in Development of Midstream Infrastructure across the Globe
According to MarketsandMarkets research, the Pipeline & Process Services Market size will grow to USD 4.0 billion by 2025 (forecast year) from USD 3.1 billion in 2020 (estimated year), at a CAGR of 5.5% during the forecast period. The rising demand for crude oil & natural gas, especially from Asia Pacific, and the increasing need... Continue Reading →