Floating Production Storage and Offloading Market Analysis South America, Middle East and Africa, APAC, Europe, North America - Angola, Nigeria, China, UK, Brazil - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 156 SKU: IRTNTR77574

Floating Production Storage and Offloading Market Forecast 2024-2028 

The Floating Production Storage and Offloading Market size is forecast to increase by USD 8.58 billion, at a CAGR of 6.34% between 2023 and 2028. The market is experiencing accelerated growth driven by rising investments in offshore exploration and production (E&P) activities, fueled by the global increase in energy demand. Additionally, there is a growing need for towed floating production storage and offloading (FPSO) solutions to meet the offshore industry's requirements for efficient hydrocarbon extraction and storage in remote locations. This trend highlights the industry's focus on expanding offshore operations to tap into new reserves and underscores the importance of innovative solutions for offshore energy production.

What will be the Size of the Market During the Forecast Period?

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Market Dynamics 

Hydrocarbons are transported via various means in the offshore industry, including double hull shuttle tankers and pipelines. These vessels, whether converted or new-build, cater to different applications such as shallow water, deep water, and ultra-deep water operations. The market is segmented based on capacity, with categories like crude oil shuttle tanker. Marine pollution concerns drive the need for modernized fleets, particularly in offshore exploration where small independent and large independent operators, along with major national oil companies (NOCs), deploy hydrocarbon storage solutions on floating structures. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Increasing investments in offshore E&P activities is the key factor driving the market. Investments in offshore activities are increasing globally. Moreover, the depletion of easily accessible onshore locations is encouraging oil and gas E&P companies to look for less explored areas. Furthermore, increasing global crude prices are making the economics of offshore drilling more feasible, thus increasing offshore E&P operations. This is expected to drive the demand for floating production storage and offloading (FPSO).

Furthermore, several countries are planning to start production from oil and gas fields due to increasing oil and gas discovery. Thus, growing E&P activities around the world will lead to an increase in oil and gas production from fields. These production centers will require floating production storage and offloading for extraction from the processing facility to an onshore terminal. Thus, a surge in E&P activities will spur the expansion of the market during the forecast period.

Significant Market Trends

An increase in deepwater and ultra-deepwater projects is the primary trend in the market. Offshore production has become a popular source following the rise in global crude prices. After undertaking shallow-water drilling activities, companies are slowly turning to deepwater and ultra-deepwater drilling activities. Floating production systems can easily adapt to bad sea conditions and are highly functional in deep waters. It is also an effective solution where seabed pipelines are not cost-effective and eliminates the need for long-distance pipelines from the petroleum well to the shore.

Additionally, deepwater projects demand more expenditure and time than shallow water or onshore ventures, despite technological advancements that have made new areas accessible. Furthermore, offshore deepwater and ultra-deepwater drilling projects are on the rise as more companies are taking up drilling activities in deep waters that are extremely challenging, where floating production storage and offloading offer a suitable option. Thus, such factors will drive the market during the forecast period.

Major Market Challenge

Volatility in prices restraining supply is a significant challenge that affects market expansion. Fluctuations in the price negatively impacted the profitability and performance of upstream companies in 2023. The average crude oil price in 2019 was USD 64.4 per barrel, which declined to USD 41.96 per barrel in 2020, and in 2021 the price reached USD 70.68 per barrel. The fluctuating crude oil prices have had a negative impact on the upstream sector. Companies in the this sector abandoned several oil exploration and production projects, such as the N.L. oil project, due to fluctuating oil prices.

Additionally, the volatility in global crude oil prices led to several large-scale E&P activities being put on hold. Thus, the upstream oil and gas companies are adversely affected when crude oil prices fall since the price at which crude oil is sold is determined by the market, but production costs are largely fixed. As a result, fluctuating crude oil prices hinder the demand for floating production storage and offloading due to the reduction in production. Thus, volatility in global crude petroleum prices poses a challenge to market expansion during the forecast period. 

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • BUMI ARMADA BERHAD: The company offers floating production storage and offloading such as Floating LNG Unit, Floating Storage and Regasification Unit, and Floating CO2 Storage Injection Unit.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Bluewater Energy Services BV
  • BP Plc
  • BW Offshore Ltd.
  • Chevron Corp.
  • China National Offshore Oil Corp.
  • Exxon Mobil Corp.
  • Hyundai Heavy Industries Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • MODEC Inc.
  • Petroleo Brasileiro SA
  • Saipem S.p.A.
  • SBM Offshore NV
  • Shell plc
  • TechnipFMC plc
  • TotalEnergies SE
  • Vietnam Oil and Gas Group
  • Woodside Energy Group Ltd.
  • Yinson Holdings Berhad

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The single segment is estimated to witness significant growth during the forecast period. A single system has one shell that houses the production, storage, and offloading facilities. It is typically used in shallow water locations where there is a lesser risk of collision with other vessels or structures. Single hulls are more stable because of the large surface area of the tanks than double hulls. They are commonly used in regions with less stringent environmental regulations because oil spills from single-hull tankers directly into the ocean pose a high threat to the marine environment.

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The single segment was the largest segment and was valued at USD 10.43 billion in 2018. Single hull is highly flexible and can easily be modified and adapted for different production requirements. This system is simple and less expensive to construct and maintain as compared to a double-hull floating production storage and offloading system. Thus, the single segment is expected to witness growth in the market during the forecast period.

Which are the Key Regions for the Market?

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South America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Several initiatives are also being undertaken to increase investments in the upstream sector in South America. Thus, these government initiatives will increase E&P activities and, subsequently, spur the production of oil and gas in the country. Increasing production of refinery products, crude oil, and natural gas will require additions to the pipeline network to transport the products to various consumers.

Consequently, this is expected to drive the demand for these activities, which is anticipated to drive the growth of the market in the region. Further, several projects are in the construction stage, and many new projects have also been planned in the region. Thus, the increasing investment is anticipated to boost the growth of the market in the region during the forecast period.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Single
    • Double
  • Product Type Outlook 
    • Converted
    • Newly built
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The global Floating Production Storage and Offloading (FPSO) market is a crucial component of offshore exploration and production, offering a versatile solution for hydrocarbon storage, processing machinery, and transportation. FPSOs are essentially repurposed large oil tankers that have been converted into floating production facilities, with onboard production and handling capabilities for crude hydrocarbons.

Furthermore, one of the key growth drivers for the FPSO market is the increasing demand for offshore oil and gas exploration and production. The converted segment holds the largest market share, especially in the double hull segment, due to its safety and regulatory compliance. However, high capital investment and stringent contracts pose restraints to market growth.

Moreover, the market offers lucrative opportunities for innovation, particularly in propulsion and application in ultra-deepwater locations. Technological advancements are also driving market growth, particularly in shallow and deepwater segments. The market is segmented by type, application, and region, with a focus on generating solutions for onshore locations. Overall, the FPSO market is expected to continue its growth trajectory, fueled by these opportunities and challenges.

However, this market is driven by the increasing demand for offshore oil & gas exploration and production, particularly in deep- and ultra-deepwater regions. FPSOs, which serve as offshore production facilities, are crucial in such operations, offering storage and processing equipment capabilities. The market segmentation is based on water depth, with ultra-deep water projects becoming more lucrative. Major players in the market include Major National Oil Companies (NOCs), Large Independent operators, and Leased Operators. The FPSO market also involves various types of vessels, including shuttle tankers, large tankers, and repurposed oil large transporters, to support operations in remote locations.

Market Scope

Report Coverage

Details

Page number

156

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.34%

Market growth 2024-2028

USD 8.58 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

5.56

Regional analysis

South America, Middle East and Africa, APAC, Europe, and North America

Performing market contribution

South America at 39%

Key countries

Angola, Nigeria, China, UK, and Brazil

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

BUMI ARMADA BERHAD, Bluewater Energy Services BV, BP Plc, BW Offshore Ltd., Chevron Corp., China National Offshore Oil Corp., Exxon Mobil Corp., Hyundai Heavy Industries Co. Ltd., Mitsubishi Heavy Industries Ltd., MODEC Inc., Petroleo Brasileiro SA, Saipem S.p.A., SBM Offshore NV, Shell plc, TechnipFMC plc, TotalEnergies SE, Vietnam Oil and Gas Group, Woodside Energy Group Ltd., and Yinson Holdings Berhad

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across South America, Middle East and Africa, APAC, Europe, and North America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global floating production storage and offloading market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global floating production storage and offloading market 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Product Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Single - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Single - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Single - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Single - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Single - Year-over-year growth 2023-2028 (%)
    • 6.4 Double - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Double - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Double - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Double - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Double - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)
      • Exhibit 43: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Product Type

    • 7.1 Market segments
      • Exhibit 44: Chart on Product Type - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Product Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Product Type
      • Exhibit 46: Chart on Comparison by Product Type
      • Exhibit 47: Data Table on Comparison by Product Type
    • 7.3 Converted - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Converted - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 49: Data Table on Converted - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Chart on Converted - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Converted - Year-over-year growth 2023-2028 (%)
    • 7.4 Newly built - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Newly built - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Newly built - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Newly built - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Newly built - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Product Type
      • Exhibit 56: Market opportunity by Product Type ($ billion)
      • Exhibit 57: Data Table on Market opportunity by Product Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 59: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 60: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 61: Chart on Geographic comparison
      • Exhibit 62: Data Table on Geographic comparison
    • 9.3 South America - Market size and forecast 2023-2028
      • Exhibit 63: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.4 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.7 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.8 Brazil - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on Brazil - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on Brazil - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Brazil - Year-over-year growth 2023-2028 (%)
    • 9.9 UK - Market size and forecast 2023-2028
      • Exhibit 87: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.10 Angola - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Angola - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Angola - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Angola - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Angola - Year-over-year growth 2023-2028 (%)
    • 9.11 Nigeria - Market size and forecast 2023-2028
      • Exhibit 95: Chart on Nigeria - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on Nigeria - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on Nigeria - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on Nigeria - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 103: Market opportunity by geography ($ billion)
      • Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 12.3 BUMI ARMADA BERHAD
              • Exhibit 111: BUMI ARMADA BERHAD - Overview
              • Exhibit 112: BUMI ARMADA BERHAD - Business segments
              • Exhibit 113: BUMI ARMADA BERHAD - Key offerings
              • Exhibit 114: BUMI ARMADA BERHAD - Segment focus
            • 12.4 Bluewater Energy Services BV
              • Exhibit 115: Bluewater Energy Services BV - Overview
              • Exhibit 116: Bluewater Energy Services BV - Product / Service
              • Exhibit 117: Bluewater Energy Services BV - Key offerings
            • 12.5 BP Plc
              • Exhibit 118: BP Plc - Overview
              • Exhibit 119: BP Plc - Business segments
              • Exhibit 120: BP Plc - Key news
              • Exhibit 121: BP Plc - Key offerings
              • Exhibit 122: BP Plc - Segment focus
            • 12.6 BW Offshore Ltd.
              • Exhibit 123: BW Offshore Ltd. - Overview
              • Exhibit 124: BW Offshore Ltd. - Business segments
              • Exhibit 125: BW Offshore Ltd. - Key offerings
              • Exhibit 126: BW Offshore Ltd. - Segment focus
            • 12.7 Chevron Corp.
              • Exhibit 127: Chevron Corp. - Overview
              • Exhibit 128: Chevron Corp. - Business segments
              • Exhibit 129: Chevron Corp. - Key news
              • Exhibit 130: Chevron Corp. - Key offerings
              • Exhibit 131: Chevron Corp. - Segment focus
            • 12.8 Exxon Mobil Corp.
              • Exhibit 132: Exxon Mobil Corp. - Overview
              • Exhibit 133: Exxon Mobil Corp. - Business segments
              • Exhibit 134: Exxon Mobil Corp. - Key news
              • Exhibit 135: Exxon Mobil Corp. - Key offerings
              • Exhibit 136: Exxon Mobil Corp. - Segment focus
            • 12.9 Mitsubishi Heavy Industries Ltd.
              • Exhibit 137: Mitsubishi Heavy Industries Ltd. - Overview
              • Exhibit 138: Mitsubishi Heavy Industries Ltd. - Business segments
              • Exhibit 139: Mitsubishi Heavy Industries Ltd. - Key news
              • Exhibit 140: Mitsubishi Heavy Industries Ltd. - Key offerings
              • Exhibit 141: Mitsubishi Heavy Industries Ltd. - Segment focus
            • 12.10 MODEC Inc.
              • Exhibit 142: MODEC Inc. - Overview
              • Exhibit 143: MODEC Inc. - Product / Service
              • Exhibit 144: MODEC Inc. - Key offerings
            • 12.11 Petroleo Brasileiro SA
              • Exhibit 145: Petroleo Brasileiro SA - Overview
              • Exhibit 146: Petroleo Brasileiro SA - Business segments
              • Exhibit 147: Petroleo Brasileiro SA - Key offerings
              • Exhibit 148: Petroleo Brasileiro SA - Segment focus
            • 12.12 SBM Offshore NV
              • Exhibit 149: SBM Offshore NV - Overview
              • Exhibit 150: SBM Offshore NV - Business segments
              • Exhibit 151: SBM Offshore NV - Key offerings
              • Exhibit 152: SBM Offshore NV - Segment focus
            • 12.13 Shell plc
              • Exhibit 153: Shell plc - Overview
              • Exhibit 154: Shell plc - Business segments
              • Exhibit 155: Shell plc - Key offerings
              • Exhibit 156: Shell plc - Segment focus
            • 12.14 TechnipFMC plc
              • Exhibit 157: TechnipFMC plc - Overview
              • Exhibit 158: TechnipFMC plc - Business segments
              • Exhibit 159: TechnipFMC plc - Key news
              • Exhibit 160: TechnipFMC plc - Key offerings
              • Exhibit 161: TechnipFMC plc - Segment focus
            • 12.15 TotalEnergies SE
              • Exhibit 162: TotalEnergies SE - Overview
              • Exhibit 163: TotalEnergies SE - Business segments
              • Exhibit 164: TotalEnergies SE - Key news
              • Exhibit 165: TotalEnergies SE - Key offerings
              • Exhibit 166: TotalEnergies SE - Segment focus
            • 12.16 Woodside Energy Group Ltd.
              • Exhibit 167: Woodside Energy Group Ltd. - Overview
              • Exhibit 168: Woodside Energy Group Ltd. - Key offerings
            • 12.17 Yinson Holdings Berhad
              • Exhibit 169: Yinson Holdings Berhad - Overview
              • Exhibit 170: Yinson Holdings Berhad - Business segments
              • Exhibit 171: Yinson Holdings Berhad - Key offerings
              • Exhibit 172: Yinson Holdings Berhad - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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