Global Offshore Oil Pipeline Market Overview:
A submarine pipeline (also known as marine, subsea, or offshore pipeline) is a pipeline that is laid on the seabed or below it inside a trench. Offshore pipelines are used in the oil & gas industry to transfer oil through the pipes. It is one of the fastest, most cost-efficient, and most reliable modes of oil & gas transportation. Offshore pipelines require less energy to function compared to oil tankers and gas carriers. The significant rise in demand for refined goods has grown rapidly which contribute to the growth of the market.
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Market Growth Drivers:
The high Demand For Refined Good Has Grown Rapidly Due To Population Growth., Minimal Impact on Land Use Pattern, Increase Demand for Raw Materials of Offshore Oil Pipeline and Reduce Congestion across Roads, Rail, and Shipping Transportation Networks
Delays in Issuing Permits by Government Bodies and Safety Concerns Are Continuing To Grow In Importance
Leaks, Emissions, and Other Damage from Pipelines Can Destroy Under Water Wildlife. and Construction in Deep Water Impacts Ecosystems.
Increasing Number of Offshore Oil and Gas Projects
Offshore Oil Pipeline is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Saipem SpA (Italy), Enbridge Inc. (Calgary, AB), Energy Transfer LP (United States), TechnipFMC plc. (United Kingdom), Sapura Energy Berhad (Malaysia), CRC-Evans Pipeline International, Inc. (United States), McDermott International (United States), Punj Lloyd Ltd. (India)., Apache Pipeline Products (Canada) and HWC Energy Services (United States). Additionally, following companies can also be profiled that are part of our coverage like Airpac Bukom Oilfield Services (Australia), Tri Tool Inc. (United States) and Andrew Palmer & Associates (United Kingdom). Considering Market by Line Typ, the sub-segment i.e. Transportation Line will boost the Offshore Oil Pipeline market. Considering Market by Installation Technique, the sub-segment i.e. S-Lay will boost the Offshore Oil Pipeline market. Considering Market by Diameter, the sub-segment i.e. 8–16 inch will boost the Offshore Oil Pipeline market.
Latest Market Insights:
In September 2021, McDermott International, Inc. announced that it has completed its combination with Chicago Bridge & Iron Company N.V., creating a premier, fully integrated provider of technology, engineering, and construction solutions for the energy industry. The combination of McDermott and CB&I brings together a global upstream and subsea engineering, procurement, and construction company with an established downstream provider of industry-leading petrochemical, refining, power, gasification, and gas processing technologies and solutions—creating a company that spans the entire value chain from concept to commissioning.
In November 2021, Eni and Snam launched a partnership on gas pipelines between Algeria and Italy. The perimeter of the transaction includes the onshore gas pipelines running from the Algeria and Tunisia borders to the Tunisia coast (TTPC) and the offshore gas pipelines connecting the Tunisian coast to Italy (TMPC).
What Can be Explored with the Offshore Oil Pipeline Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Offshore Oil Pipeline Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Offshore Oil Pipeline
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Offshore Oil Pipeline market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Offshore Oil Pipeline market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.