GlobalData’s latest report, Top Oil and Gas Companies Capital Expenditure Outlook for Midstream and Downstream Segments in North America – Alaska Gasline Development Corp Leads Capex among Companies in Region states that Alaska Gasline Development Corp (AGDC), Canada Stewart Energy Group Ltd and NextDecade Corp are the top spenders among all oil and gas companies in North America, in terms of new-build capital expenditure (capex) to be spent on planned and announced projects across midstream and downstream segments (including petrochemicals) during 2018–2025. AGDC tops the list with capex of $37.3bn expected to be spent on four oil and gas projects in North America. Canada Stewart Energy and NextDecade Corp follow, with capex of $30.3bn (three projects) and $28.4bn (four projects), respectively.
Capex spending by key companies on planned and announced projects across midstream, downstream and petrochemicals segments
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| Source: Midstream, Downstream, and Petrochemicals Analytics, GlobalData Oil and Gas © GlobalData |
On the midstream side, AGDC is expected to lead gas processing segment in terms of new-build capex. The company is expected to spend $5.9bn on an announced project, Prudhoe Bay II, in the US. In the trunk pipelines segment, TransCanada Corp is estimated to spend $20.8bn to bring 17 planned and announced pipeline projects online by 2025.
In the LNG liquefaction front, Canada Stewart Energy is expected to spend $28.8bn on two upcoming liquefaction terminals, Stewart and Stewart Floating, by 2025, while Korea Gas Corp (Kogas) leads in regasification capex, with $1bn to be spent on an announced regasification terminal, Progreso, in Mexico.
In the gas storage segment, Magnum Gas Storage LLC leads with estimated capex of $350m expected to be spent on its planned gas storage terminal, Magnum, in the US by 2025. TransCanada Corp leads with capex of $1.1bn expected to be spent on three upcoming liquids storage terminals.
On the downstream side, Pacific Future Energy is expected to lead with estimated capex of $14bn. Kitimat Clean Ltd and Pemex follow with capex of $8.5bn and $8.4bn, during the period 2018–2025. In the petrochemical sector, Formosa Plastics Group is expected to lead with estimated capex of $8.3bn.
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