The Oil and Gas Pipeline Construction industry has expanded over the five years to 2017 as a result of strong oil production growth in Canada. Canadian crude oil is typically transported via pipeline to refineries located in Eastern Canada and the Gulf Coast. Early in the period, production growth overloaded existing pipeline capacity, resulting in a glut of landlocked crude oil. As the world price of crude oil has declined recently, however, the supply glut is anticipated to ease and demand for pipelines will decrease as companies postpone investment in major projects like pipelines. The industry is projected to expand over the next five years, buoyed by sustained oil sands production.
This industry constructs gas and oil pipelines, mains, pumping stations, refineries, storage tanks and other related structures.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.