Market Size of Gulf of Mexico Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.32 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gulf of Mexico Oil & Gas Midstream Market Analysis
The market for the Gulf of Mexico oil and gas midstream market is expected to register a CAGR of more than 1.32% during the forecast period of 2020-2025. Factors, such as increasing investment in the sector and increasing production of oil are expected to boost the demand for the Gulf of Mexico oil and gas midstream market during the forecast period. However, the area is marred by cyclones, which is one of the major concerns for the midstream infrastructure, and this, in turn, is likely to delay the projects in the coming years.
- The Gulf of Mexico has an extensive pipeline network all over the coast. New pipelines are in the proposal stage and are expected to be completed in the forecast period.
- Exploration and production of oil and gas fields in the region are expected to become an opportunity for the companies working in the oil and gas midstream industry as more pipeline and storage infrastructure may be required in the near future.
- An increase in investment in the region is expected to boost the growth of the entire oil and gas sector in the region.
Gulf of Mexico Oil & Gas Midstream Industry Segmentation
The Gulf of Mexico oil and gas midstream market report includes:
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Gulf of Mexico Oil and Gas Midstream Market Size Summary
The Gulf of Mexico oil and gas midstream market is poised for moderate growth, driven by increased investments and rising oil production in the region. The extensive pipeline network along the Gulf Coast, coupled with proposed new pipelines, is expected to enhance the midstream infrastructure. This development is anticipated to support the growing demand for oil and gas transportation and storage. However, the region's susceptibility to cyclones poses challenges, potentially delaying project timelines. Despite these concerns, the exploration and production of oil and gas fields present opportunities for midstream companies, as the need for advanced infrastructure is expected to rise.
The market landscape is moderately consolidated, with key players such as Williams Companies Inc, Exxon Mobil Corporation, and Occidental Petroleum Corporation leading the sector. While oil production has seen an increase, natural gas production has been on a declining trend, which may restrain market growth. Nonetheless, the development of LNG export terminals, like the Ingleside Energy LNG Terminal, is expected to bolster the region's export capacity. Overall, the Gulf of Mexico oil and gas midstream industry is anticipated to experience slight growth, supported by ongoing investments and infrastructure projects.
Gulf of Mexico Oil and Gas Midstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD million, until 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Transportation
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2.1.1.1 Overview
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2.1.1.1.1 Existing Infrastructure
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2.1.1.1.2 Projects in Pipeline
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2.1.1.1.3 Upcoming projects
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2.1.2 LNG Terminals
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2.1.2.1 Overview
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2.1.2.1.1 Existing Infrastructure
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2.1.2.1.2 Projects in Pipeline
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2.1.2.1.3 Upcoming projects
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Gulf of Mexico Oil and Gas Midstream Market Size FAQs
What is the current Gulf of Mexico Oil and Gas Midstream Market size?
The Gulf of Mexico Oil and Gas Midstream Market is projected to register a CAGR of greater than 1.32% during the forecast period (2024-2029)
Who are the key players in Gulf of Mexico Oil and Gas Midstream Market?
Williams Companies Inc, Exxon Mobil Corporation, Occidental Petroleum Corporation, Royal Vopak N.V. and Enagás S.A. are the major companies operating in the Gulf of Mexico Oil and Gas Midstream Market.
