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Europe Oil & Gas Infrastructure Market Size

  • Report ID: GMI5818
  • Published Date: Dec 2024
  • Report Format: PDF

Europe Oil & Gas Infrastructure Market Size

Europe Oil & Gas Infrastructure Market was valued at USD 115.5 billion in 2024 and is expected to witness a CAGR of 6.1% from 2025 to 2034. Companies are heavily investing in carbon capture, utilization, and storage (CCUS) and hydrogen technologies. These efforts aim to reduce emissions while meeting the increasing demand for energy. This aligns with broader decarbonization goals across Europe as the region works towards achieving net-zero targets. The Europe oil and gas sector is witnessing a surge in mergers and acquisitions. This trend is driven by companies' need to enhance cash flow, optimize capital, and integrate low-carbon businesses. The focus is on acquiring assets that fit well within both traditional and emerging energy markets.

 

With an ongoing push for energy security, especially after the Russian invasion of Ukraine, Europe has turned to natural gas as a bridge fuel. This has increased the demand for gas pipelines, storage facilities, and LNG terminals. Companies are leveraging advanced technologies, including AI and real-time data analytics, to optimize operations. This is helping to reduce costs and improve efficiency in exploration, production, and maintenance.

 

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The European market for oil & gas infrastructure was reached USD 115.5 billion in 2024 and is expected to grow at a 6.1% CAGR from 2025 to 2034, driven by investments in carbon capture, utilization, and storage (CCUS) and hydrogen technologies.

The surface and lease equipment segment is projected to witness a growth rate exceeding 5.4% through 2034, led by increased investment in exploration and production due to geopolitical shifts and the push for decarbonization.

The UK oil & gas infrastructure market is projected to surpass USD 20.9 billion by 2034, proplled by innovation, regulatory shifts, and the ongoing energy transition.

Key players in the Europe oil & gas infrastructure market include BP p.l.c., Baker Hughes Company, Centrica plc, Chevron Corporation, ConocoPhillips Company, Exxon Mobil Corporation, Halliburton, Hatch Ltd., Royal Vopak, Shell, SLB, and TotalEnergies.

Europe Oil & Gas Infrastructure Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 12
  • Tables & Figures: 20
  • Countries covered: 5
  • Pages: 80
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