Top Oil And Gas Fabrication Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Oil And Gas Fabrication Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Oil And Gas Fabrication industry players.

Oil And Gas Fabrication Market Competitive Landscape

Most companies are actively investing in R&D activities to develop innovative products that help the company to improve its market share and generate more revenue. On the other hand, STI Group company is planning to increase its market revenue by acquiring small market players.

Top Players in Oil And Gas Fabrication Market

  • McDermott International (USA) 
  • Technip Energies (France) (formerly TechnipFMC) 
  • Saipem S.p.A. (Italy) 
  • Petrofac Limited (UK) 
  • Larsen & Toubro (India) 
  • National Petroleum Construction Company (NPCC) (UAE) 
  • Hyundai Heavy Industries (South Korea) 
  • Samsung Heavy Industries (South Korea) 
  • Daewoo Shipbuilding & Marine Engineering (South Korea) 
  • Sembcorp Marine (Singapore) 
  • Keppel Corporation (Singapore) 
  • Fluor Corporation (USA) 
  • Bechtel Corporation (USA) 
  • Worley (Australia) (formerly WorleyParsons) 
  • John Wood Group PLC (UK) 
  • KBR, Inc. (USA) 
  • Subsea 7 S.A. (Luxembourg) 
  • Eversendai Corporation Berhad (Malaysia) 
  • Lamprell PLC (UAE) 
  • Dynamic Energy Services International, LLC (USA) 

 Oil And Gas Fabrication Market Recent Development

  • In October 2021, A fabrication subcontract for the Greater Tortue Ahmeyim natural gas project in Batam, Indonesia, was offered to McDermott, a global engineering and installation company.
  • In March 2021, Kobay Technology Bhd set up a new production facility in Seberang Prai, which offers additional benefits such streamlining logistical procedures and making it easier for management to carry out supervisory responsibilities. This facility opened in March 2021.
  • In November 2021, The Alpha topside fabrication was finished by Drydocks World in November 2021, and it was successfully transported from the Dubai manufacturing yard to the Netherlands.
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Global Oil And Gas Fabrication Market size was valued at USD 4.9 billion in 2023 and is poised to grow from USD 5.13 billion in 2024 to USD 7.41 billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032). 

Most companies are actively investing in R&D activities to develop innovative products that help the company to improve its market share and generate more revenue. On the other hand, STI Group company is planning to increase its market revenue by acquiring small market players. 'McDermott International (USA) ', 'Technip Energies (France) (formerly TechnipFMC) ', 'Saipem S.p.A. (Italy) ', 'Petrofac Limited (UK) ', 'Larsen & Toubro (India) ', 'National Petroleum Construction Company (NPCC) (UAE) ', 'Hyundai Heavy Industries (South Korea) ', 'Samsung Heavy Industries (South Korea) ', 'Daewoo Shipbuilding & Marine Engineering (South Korea) ', 'Sembcorp Marine (Singapore) ', 'Keppel Corporation (Singapore) ', 'Fluor Corporation (USA) ', 'Bechtel Corporation (USA) ', 'Worley (Australia) (formerly WorleyParsons) ', 'John Wood Group PLC (UK) ', 'KBR, Inc. (USA) ', 'Subsea 7 S.A. (Luxembourg) ', 'Eversendai Corporation Berhad (Malaysia) ', 'Lamprell PLC (UAE) ', 'Dynamic Energy Services International, LLC (USA) '

The oil and gas industry can benefit from the use of IoT-based technology in a number of ways, including improved field communication, reduced maintenance costs, real-time monitoring, digital oil field infrastructure, reduced power consumption, increased asset safety and security, and increased productivity.

Due to growing oil and gas production in the United States, the North America currently holds a disproportionately large market share in the worldwide oil and gas fabrication business. New oilfield and oil reserve exploration in North America will also fuel demand for the oil & gas fabrication industry throughout the anticipated period. However, due to the increasing industrialization and natural gas demand, it is predicted that the Asia Pacific area would expand over the coming years. As a result, there will be a significant increase in the need for oil and gas fabrication during the projection period.

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Global Oil and Gas Fabrication Market
Oil And Gas Fabrication Market

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