GlobalData’s latest report, ‘Quarterly Global Oil & Gas Capital Expenditure Outlook – High New Build Capex on Crude Oil Refineries’ states that a total capital expenditure (capex) of $3.3 trillion is expected to be spent globally across oil and gas value chain on planned and announced projects during 2018 to 2025. Of the total capex, $545bn is expected to be spent alone in 2018.

Around 45% or $1,502bn could be spent on midstream projects, and 22% or $729bn on upcoming crude oil refineries. Close to 24% or $801bn is expected to be spent on the major planned and announced production fields. The petrochemicals sector is expected to account for 9% of the global total or $301bn.

In oil and gas value chain, production fields, crude oil refineries, and trunk or transmission pipelines are expected to lead capital spending with $801bn, $729bn and $631bn respectively by 2025.

Capex spending on global planned and announced projects by segment across oil and gas value chain

Source: Upstream Analytics                                                                                                                  © GlobalData

Among oil and gas companies, Gazprom, ExxonMobil and Royal Dutch Shell are the top spenders in terms of capex to be spent across oil and gas value chain by 2025. Gazprom tops the list with an estimated capex of $179bn. ExxonMobil and Royal Dutch Shell follow with $97bn and $92bn, respectively.

In upstream segment, on planned and announced production fields, Shell would lead among companies with capex of $58bn. Gazprom is expected to lead both pipeline and gas processing segments with estimated capex of $79bn and $22bn, respectively.

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.

In the LNG segment, ExxonMobil is expected to have a capex of $47bn on upcoming liquefaction terminals while China Overseas Holdings Ltd is expected to have $4bn on regasification terminals.

Bendis Energy leads with an estimated capex of $11bn in underground gas storage segment, while the State Company for Oil Projects leads with capex of $2bn on liquids storage terminals.

In downstream segment, Petroleos de Venezuela SA is expected to lead with an estimated capex of $34bn on development of crude oil refineries. In the petrochemicals segment, Carbon Holdings Ltd is expected to lead with estimated capex of $9bn to be spent on petrochemical plants.

 

For more insight and data, visit the GlobalData Report Store – Offshore Technology is part of GlobalData Plc.