GlobalData’s latest report, H1 2018 Top Global Oil and Gas Companies Planned Projects and Capital Expenditure Outlook – Gazprom Leads Global Capex across Oil and Gas Value Chain, identifies Gazprom, China Petrochemical Corp (Sinopec), and Royal Dutch Shell are the top spenders among all oil and gas companies across oil and gas value chain by 2025 on planned and announced projects. Gazprom tops the list with estimated capex of $160bn expected to be spent on 84 oil and gas projects globally. Sinopec and Royal Dutch Shell follow with $87bn (74 projects) and $86bn (91 projects).
In the upstream sector, Shell leads among companies with an estimated capex of $58bn to be spent on 53 planned and announced production fields globally. Petrobras follows next with $48bn spent on 33 fields and Gazprom would be in the third position with $40bn to be spent on 22 fields.
In the midstream sector, Gazprom is expected to lead both pipeline and gas processing segments in terms of capex spending. In the pipeline segment, Gazprom is estimated to spend $71bn to bring 18 planned and announced projects online by 2025. In the gas processing segment, the company is expected to spend $22bn on six new projects.
In the LNG liquefaction segment, Qatar Petroleum is expected to spend estimated capex of $35bn on two upcoming liquefaction terminals by 2025, while China National Offshore Oil Corporation leads in regasification capex, with $4bn to be spent on three upcoming regasification terminals.
Capex spending by key companies on planned and announced projects across oil and gas value chain
|Source: Upstream, Midstream, Downstream, and Petrochemicals Analytics, GlobalData Oil and Gas ©GlobalData|
In the underground gas storage segment, Bendis Energy leads with estimated capex of $11bn estimated to be spent on three planned gas storage terminals by 2025, while State Company for Oil Projects leads with capex of $2bn expected to be spent on two upcoming liquids storage terminals.
In the downstream segment, Saudi Arabian Oil Co is expected to lead with estimated capex of $47bn on the development of six crude oil refineries globally by 2025. Petroleos de Venezuela SA and China Petrochemical Corp follow with capex of $34bn expected to be spent on six upcoming projects and $31bn expected to be spent on six new projects, respectively.
In the petrochemicals segment, Sinopec is expected to lead with estimated capex of $11bn to be spent on 36 upcoming petrochemical plants, followed by Carbon Holdings with estimated capex of $9bn expected to be spent on 10 new projects. Kuwait Petroleum Corporation is in third position with $8.9bn expected to be spent on 31 upcoming projects.