×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

US Oil Gas Projects Market

ID: MRFR/EnP/15687-HCR
100 Pages
Garvit Vyas
October 2025

US Oil Gas Projects Market Research Report By Type (Surface and Lease Equipment, Gathering and Processing, Oil and Gas, NGL Pipelines, Oil and Gas Storage, Refining and Oil Products, Transport, Export Terminals), By Drilling (Offshore, Onshore) - Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

US Oil Gas Projects Market Infographic
Purchase Options

US Oil Gas Projects Market Summary

As per MRFR analysis, the US oil and gas projects market Size was estimated at 153.92 USD Billion in 2024. The US oil and gas projects market is projected to grow from 162.79 USD Billion in 2025 to 285.0 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 5.76% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US oil and gas projects market is experiencing a transformative shift towards sustainability and technological innovation.

  • The market is witnessing a notable shift towards renewable integration, reflecting a broader trend in energy transition.
  • Natural gas demand continues to rise, positioning it as a critical component of the US energy landscape.
  • Digital technologies are being increasingly adopted, enhancing operational efficiency and decision-making processes.
  • Key market drivers include increased domestic production and infrastructure development initiatives, which are likely to shape future growth.

Market Size & Forecast

2024 Market Size 153.92 (USD Billion)
2035 Market Size 285.0 (USD Billion)
CAGR (2025 - 2035) 5.76%

Major Players

ExxonMobil (US), Royal Dutch Shell (GB), BP (GB), Chevron (US), TotalEnergies (FR), Eni (IT), ConocoPhillips (US), Equinor (NO), Petrobras (BR)

US Oil Gas Projects Market Trends

The oil and gas projects market is currently experiencing a dynamic phase characterized by evolving technologies and shifting regulatory landscapes. Investment in renewable energy sources is gaining traction, prompting traditional oil and gas companies to adapt their strategies. This transition appears to be driven by a combination of environmental concerns and the need for energy security. As a result, there is a noticeable increase in the integration of sustainable practices within project planning and execution. Furthermore, the demand for natural gas is on the rise, as it is perceived as a cleaner alternative to coal and oil. This trend may lead to a reallocation of resources towards natural gas projects, potentially reshaping the market landscape. In addition, the oil gas-projects market is witnessing advancements in digital technologies, which are enhancing operational efficiency. Companies are increasingly adopting data analytics, artificial intelligence, and automation to optimize their processes. These innovations could lead to cost reductions and improved safety measures, thereby attracting further investments. Overall, the current state of the oil gas-projects market suggests a complex interplay of traditional practices and modern innovations, indicating a potential shift towards a more sustainable and technologically advanced future.

Shift Towards Renewable Integration

The oil gas-projects market is observing a gradual shift towards integrating renewable energy sources. Companies are exploring hybrid models that combine traditional oil and gas operations with renewable technologies. This trend is likely influenced by regulatory pressures and public demand for cleaner energy solutions.

Rising Demand for Natural Gas

There is an increasing demand for natural gas as a transitional fuel in the energy sector. This trend may be attributed to its lower carbon emissions compared to coal and oil. As a result, investments in natural gas infrastructure and projects are expected to grow.

Adoption of Digital Technologies

The adoption of digital technologies is transforming the oil gas-projects market. Companies are leveraging data analytics and automation to enhance operational efficiency. This trend could lead to significant cost savings and improved safety protocols in project execution.

US Oil Gas Projects Market Drivers

Increased Domestic Production

The oil gas-projects market is currently experiencing a surge in domestic production, driven by advancements in extraction technologies such as hydraulic fracturing and horizontal drilling. These innovations have enabled the United States to significantly increase its oil and natural gas output, with production levels reaching approximately 12 million barrels per day in 2025. This increase in supply is likely to enhance the competitiveness of the oil gas-projects market, as domestic resources become more accessible and cost-effective. Furthermore, the U.S. government has been supportive of policies that promote energy independence, which may further stimulate investment in oil gas-projects. As a result, the market is poised for growth, attracting both domestic and foreign investments, thereby solidifying its position in the global energy landscape.

Infrastructure Development Initiatives

Infrastructure development plays a crucial role in the oil gas-projects market, particularly in the United States. The ongoing expansion of pipelines, refineries, and storage facilities is essential for accommodating the increasing production levels. In 2025, the U.S. is expected to invest over $100 billion in infrastructure projects related to oil and gas, which will facilitate the efficient transportation and processing of resources. This investment is likely to enhance the operational efficiency of the oil gas-projects market, reducing bottlenecks and improving supply chain dynamics. Additionally, the development of infrastructure is expected to create numerous job opportunities, further stimulating economic growth in regions heavily reliant on oil and gas activities. Consequently, the robust infrastructure framework may serve as a catalyst for the expansion of the oil gas-projects market.

Regulatory Environment and Policy Support

The regulatory environment significantly influences the oil gas-projects market in the United States. Recent policy shifts aimed at promoting energy production and reducing regulatory burdens have created a more favorable landscape for oil and gas companies. In 2025, the U.S. government is likely to continue implementing policies that support exploration and production activities, which may lead to increased investments in the oil gas-projects market. Furthermore, the alignment of state and federal regulations could streamline permitting processes, thereby accelerating project timelines. This supportive regulatory framework is expected to attract both domestic and international investors, enhancing the overall growth potential of the oil gas-projects market. As companies navigate this evolving landscape, they may find new opportunities for expansion and innovation.

Technological Advancements in Exploration

Technological advancements are reshaping the oil gas-projects market, particularly in exploration and production processes. Innovations such as artificial intelligence, machine learning, and advanced seismic imaging are enabling companies to identify and extract resources more efficiently. In 2025, it is anticipated that these technologies will enhance the accuracy of resource assessments, potentially increasing recovery rates by up to 15%. This improvement in efficiency not only reduces operational costs but also minimizes environmental impacts, aligning with the growing emphasis on sustainable practices within the oil gas-projects market. As companies adopt these cutting-edge technologies, they may gain a competitive edge, positioning themselves favorably in an increasingly dynamic energy landscape.

Growing Investment in Carbon Capture Technologies

The oil gas-projects market is witnessing a growing investment in carbon capture and storage (CCS) technologies, reflecting a broader commitment to sustainability and environmental responsibility. In 2025, investments in CCS are projected to exceed $10 billion, as companies seek to mitigate the carbon footprint associated with fossil fuel production. This trend is likely to enhance the reputation of the oil gas-projects market, as stakeholders increasingly prioritize environmental considerations. By integrating CCS technologies, companies can not only comply with regulatory requirements but also appeal to environmentally conscious consumers and investors. This shift towards sustainable practices may ultimately lead to a more resilient and adaptable oil gas-projects market, capable of navigating the challenges posed by climate change.

Market Segment Insights

By Type: Oil and Gas Storage (Largest) vs. Surface and Lease Equipment (Fastest-Growing)

The US oil gas-projects market is showing a distribution of market share among various segment values, with Oil and Gas Storage being the largest segment, indicating robust demand for storage solutions amidst fluctuating supply levels. Surface and Lease Equipment are also significant, contributing to the infrastructure support required in exploration and production activities, while segments like Gathering and Processing are essential for streamlining the supply chain. Growth trends indicate that Surface and Lease Equipment is emerging as a fast-growing segment due to increasing investments in technology and efficiency improvements. The push for sustainable practices and innovations in drilling techniques is further enhancing the growth of this segment. Oil and Gas Storage, while dominant, faces increasing competition as new storage technologies and regulations shape the landscape.

Oil and Gas Storage (Dominant) vs. Surface and Lease Equipment (Emerging)

Oil and Gas Storage is characterized by a comprehensive network of facilities that ensure the efficient management of hydrocarbon resources. This dominant segment plays a crucial role in the supply chain, catering to both onshore and offshore requirements. Its market position is supported by substantial infrastructure development and high demand for strategic reserves. On the other hand, Surface and Lease Equipment has emerged as a vital aspect of the operational framework within the market. With advancements in technology, this segment is witnessing rapid growth driven by the need for enhanced operational efficiency and reduced downtime. The increasing focus on automation and smart technologies is propelling Surface and Lease Equipment toward becoming a key player in the future landscape of oil gas-projects.

By Drilling: Offshore (Largest) vs. Onshore (Fastest-Growing)

The US oil gas-projects market displays a significant distribution of market share between offshore and onshore drilling segments. Offshore drilling holds the largest share, driven by the extensive global demand for oil, accessibility to deep-water resources, and the mature technological advancements in underwater exploration. Onshore drilling, while currently smaller in market share, is becoming increasingly competitive, owing to recent innovations that enhance extraction efficiency and reduce environmental impact. Growth trends in the US oil gas-projects market indicate that the onshore drilling segment is emerging as the fastest-growing segment, fueled by increasing investments in shale oil extraction technologies and greater regulatory support for onshore activities. The impetus for growth in the offshore drilling segment remains strong, but it faces challenges such as geopolitical tensions and fluctuating oil prices, which affect long-term investment decisions. Overall, the market is poised for dynamic changes as technology and policies evolve.

Offshore (Dominant) vs. Onshore (Emerging)

The offshore drilling segment is characterized by its established infrastructure and capability to tap into vast underwater oil reserves, positioning it as the dominant force in the US oil gas-projects market. Companies engaged in offshore drilling benefit from advanced technology and significant operational experience. In contrast, the onshore drilling segment represents an emerging opportunity, with rapid advancements in hydraulic fracturing and horizontal drilling. This segment is quickly adapting to market demands, offering flexibility and reduced costs, making it attractive for new investments. Sustainable practices and innovations are becoming integral to the onshore segment, further solidifying its potential to carve out a significant niche in this competitive landscape.

Get more detailed insights about US Oil Gas Projects Market

Key Players and Competitive Insights

The oil gas-projects market in the US is characterized by a competitive landscape that is increasingly shaped by innovation, sustainability initiatives, and strategic partnerships. Major players such as ExxonMobil (US), Chevron (US), and BP (GB) are actively pursuing strategies that emphasize technological advancements and operational efficiency. ExxonMobil (US) has focused on enhancing its digital capabilities, which appears to be a response to the growing demand for data-driven decision-making in energy management. Meanwhile, Chevron (US) is investing in renewable energy projects, indicating a shift towards a more diversified energy portfolio. BP (GB), on the other hand, is undergoing a significant transformation aimed at reducing its carbon footprint, which suggests a broader industry trend towards sustainability.

The business tactics employed by these companies reflect a concerted effort to optimize supply chains and localize manufacturing processes. The market structure is moderately fragmented, with a mix of large multinational corporations and smaller regional players. This fragmentation allows for a variety of competitive strategies, as companies leverage their unique strengths to capture market share. The collective influence of key players is substantial, as they set industry standards and drive innovation through their investments and operational practices.

In October 2025, Chevron (US) announced a strategic partnership with a leading technology firm to develop AI-driven solutions for optimizing drilling operations. This move is likely to enhance operational efficiency and reduce costs, positioning Chevron (US) as a leader in the integration of advanced technologies within the sector. The partnership underscores the importance of technological innovation in maintaining competitive advantage in a rapidly evolving market.

In September 2025, BP (GB) unveiled its ambitious plan to invest $10 billion in renewable energy projects over the next five years. This strategic pivot towards renewables not only aligns with The oil gas-projects market opportunities. The investment reflects a broader industry trend where traditional oil and gas companies are diversifying their portfolios to include cleaner energy sources, thereby mitigating risks associated with fossil fuel dependency.

In November 2025, ExxonMobil (US) launched a new initiative aimed at enhancing carbon capture and storage technologies. This initiative is indicative of the company's commitment to reducing greenhouse gas emissions and aligns with regulatory pressures for cleaner energy solutions. By investing in carbon capture, ExxonMobil (US) is not only addressing environmental concerns but also potentially opening new revenue streams in the evolving energy landscape.

As of November 2025, the competitive trends in the oil gas-projects market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate in order to innovate and adapt to changing market dynamics. The shift from price-based competition to a focus on technological advancement and supply chain reliability is evident, suggesting that future competitive differentiation will hinge on the ability to leverage innovation and sustainability as core business strategies.

Key Companies in the US Oil Gas Projects Market market include

Future Outlook

US Oil Gas Projects Market Future Outlook

The Oil Gas Projects Market is poised for growth at a 5.76% CAGR from 2024 to 2035, driven by technological advancements, regulatory support, and increasing energy demands.

New opportunities lie in:

  • Investment in renewable energy integration solutions
  • Development of advanced drilling technologies
  • Expansion of digital oilfield services and analytics

By 2035, the market is expected to achieve robust growth, reflecting evolving energy landscapes.

Market Segmentation

US Oil Gas Projects Market Type Outlook

  • Surface and Lease Equipment
  • Gathering and Processing
  • Oil and Gas
  • NGL Pipelines
  • Oil and Gas Storage
  • Refining and Oil Products
  • Transport
  • Export Terminals

US Oil Gas Projects Market Drilling Outlook

  • Offshore
  • Onshore

Report Scope

MARKET SIZE 2024 153.92(USD Billion)
MARKET SIZE 2025 162.79(USD Billion)
MARKET SIZE 2035 285.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.76% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Billion
Key Companies Profiled ExxonMobil (US), Royal Dutch Shell (GB), BP (GB), Chevron (US), TotalEnergies (FR), Eni (IT), ConocoPhillips (US), Equinor (NO), Petrobras (BR)
Segments Covered Type, Drilling
Key Market Opportunities Adoption of advanced digital technologies enhances efficiency in the oil gas-projects market.
Key Market Dynamics Regulatory changes and technological advancements drive innovation and competition in the oil gas-projects market.
Countries Covered US

Leave a Comment

FAQs

What is the projected market size of the US Oil and Gas Projects Market by 2035?

By 2035, the US Oil and Gas Projects Market is expected to be valued at 366.3 USD Billion.

What is the expected compound annual growth rate (CAGR) for the US Oil and Gas Projects Market from 2025 to 2035?

The market is expected to experience a CAGR of 7.416% from 2025 to 2035.

What is the market size for Surface and Lease Equipment in 2024?

The market value for Surface and Lease Equipment is projected to reach 30.0 USD Billion in 2024.

What are the key players in the US Oil and Gas Projects Market?

Major players include Pioneer Natural Resources, Shell, ExxonMobil, Occidental Petroleum, and Chevron.

What will the market value of Oil be by 2035?

The Oil segment is expected to have a market value of 130.0 USD Billion by 2035.

How much is the Gas & NGL Pipelines sector expected to grow by 2035?

The Gas & NGL Pipelines sector is projected to reach 80.0 USD Billion in market value by 2035.

What is the forecasted market size for Gathering & Processing in 2024?

The expected market size for Gathering & Processing in 2024 is 25.0 USD Billion.

What is the anticipated market size for Oil & Gas Storage by 2035?

The Oil & Gas Storage segment is expected to attain a market value of 56.3 USD Billion by 2035.

Which market segment is expected to show the highest growth from 2025 to 2035?

The Oil segment is anticipated to show the highest growth during this period.

What factors are driving the growth in the US Oil and Gas Projects Market?

Key growth drivers include increasing energy demand, technological advancements, and regulatory changes in the sector.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions