North America is expected to witness 594 projects commence operations during the period 2023–2027. Out of these, upstream projects would be 80, midstream would be the highest with 303 projects, with refinery and petrochemicals at 86 and 125, respectively.
In midstream, the trunk/transmission pipelines segment alone constitutes 44% of all projects, followed by gas processing and oil storage with 20% and 17%, respectively. Refinery and petrochemical projects constitute about 36% of all upcoming oil and gas projects in North America from 2023–2027.
New build projects dominate the landscape of upcoming projects in North America, constituting around 81% of the total projects across the value chain. The share of new build projects is especially high in the midstream sector, with 58% of the total new build projects across the value chain. On the other hand, expansion projects lead in the upstream (fields) sector.
Oil and gas projects in North America, projects by key countries, 2023–2027
In North America, about 35% of the projects are in the construction and commissioning stages and are more likely to commence operations during the outlook period. About 31% of the projects are in the planning stages, and the rest have been approved or awaiting approval.
Among countries, the US dominates the upcoming projects landscape in North America, accounting for 68% of the total projects expected to start operations by 2027. Further details of North American projects can be found in GlobalData’s new report, North America Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2023-2027.
Reports
North America Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2023-2027
