The global oil & gas infrastructure market is slated to expand substantially through 2030 due to increasing investments in various projects regarding greenfield development to explore unconventional reserves.

Recently, rising government initiatives and partnerships among industry players towards the reduction of carbon emissions have been beneficial for oil & gas infrastructure market growth. For instance, in April 2022, Shell Overseas Investment B.V., a fully owned holding of Shell plc, inked a deal with Actis Solenergi Limited, an energy company specializing in sustainable infrastructure, to purchase 100% of Solenergi Power Private Limited and the India-based Sprng Energy group of companies for $1.55 billion. In India, Sprng Energy provides wind and solar energy to electrical distribution firms.

With the agreement, Shell aimed to become one of the first companies in India to create a genuinely integrated energy transition enterprise. Additionally, Shell intended to triple its renewable capacity in operation due to the integration of the wind and solar assets, aiding in the company’s Powering Progress strategy.

To cite another instance, in September 2021, BP, the British oil & gas firm, through its joint venture Lightsource BP, obtained a novel $1.8 billion revolving credit facility & trade finance facility, complementing its goal of installing 25GW by 2025, up from 3.8GW since 2010. BP entered the UK offshore wind market in 2021, collaborating on two projects with a cumulative generating capacity of 3GW. It partnered with Equinor in the US offshore sector, paying the Norwegian oil and gas firm $1.1 billion for a 50% stake in four projects.

The oil & gas infrastructure market has been bifurcated in terms of category and region.

With respect to category, the industry has been divided into surface and lease equipment, oil, gas & NGL pipelines, gathering & processing, oil & gas storage, export terminals, and refining & oil products transport. The gathering & processing segment is expected to expand at a significant rate through the forecast years as product demand is set to be increased by ongoing expenditures in greenfield development projects. The exploration of unconventional reserves is slated to further propel segmental expansion over the review timeline.

Meanwhile, the refining & oil products transport segment is set to witness robust market growth through 2030 supported by a paradigm shift toward a gas-based power production infrastructure on account of government policies aimed at reducing emissions.

From the regional perspective, the Middle East & Africa oil & gas infrastructure market is anticipated to grow at a steady rate through the forthcoming years owing to continuous investments in transportation and distribution infrastructure. Moreover, the relatively lower gas prices are foreseen to further bolster MEA industry growth up to 2030.