North America will witness 558 oil and gas projects commencing operations between 2024 and 2028 across the value chain. Of these, 74 will be upstream projects (excluding the US L48 projects) and 263 will be midstream with refinery and petrochemicals at 102 and 119 respectively.

In midstream, the trunk/transmission pipelines segment alone constitutes 44% of all projects, followed by oil storage and liquefied natural gas with 18% and 17% respectively.

New build projects drive the upcoming projects landscape in North America, constituting 83% of the total. The share of new build projects is especially high in the midstream sector, accounting for 52% of total new build projects across the value chain. The upstream (fields) sector has the highest number of expansion projects, accounting for 33% of total expansion projects in the value chain.

In North America, 37% of the projects are in the construction and commissioning stages and are likely to commence operations during the 2024 to 2028 outlook period. 31% of the projects are in the early stages (feasibility/front-end engineering design) and the rest have been approved or await approval.

The US dominates the upcoming projects landscape in North America, accounting for 71% of the total projects expected to begin operations by 2028.

Further details of North American projects can be found in GlobalData’s new report, North America Oil and Gas Projects by Development Stage, Capacity, Capex, Contractor Details of All New Build and Expansion Projects to 2028

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.