Oil and Gas Supporting Activities Market Report 2026

The oil and gas supporting activities market size has grown strongly in recent years. It will grow from $266.56 billion in 2025 to $282.25 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to growth in upstream exploration activities, expansion of onshore drilling, demand for well maintenance services, development of offshore assets, oil price recovery cycles.

The oil and gas supporting activities market size is expected to see strong growth in the next few years. It will grow to $358.67 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to investment in new exploration projects, demand for enhanced recovery services, aging well infrastructure, digital oilfield adoption, operational efficiency focus. Major trends in the forecast period include rising demand for integrated oilfield services, growth in directional and horizontal drilling support, expansion of well integrity and maintenance services, increasing use of advanced seismic technologies, focus on cost efficient upstream operations.

The oil and gas-supporting activities market was primarily driven by rapid growth in emerging markets during the historic period. This growth was supported by rising disposable incomes, a stable political environment, and increasing foreign investments in these countries. For instance, in September 2024, according to HM Revenue and Customs, a UK-based government agency, total government revenues from UK oil and gas production reached $9.9 billion (£9 billion) in the financial year 2023, up from $1.54 billion (£1.4 billion) in 2022, an increase of $8.36 billion (£7.6 billion). Consequently, strong economic growth boosted the demand for oil and gas, driving the oil and gas-supporting activities market during the historic period.

The growing demand for natural gas is expected to drive the growth of the oil and gas-supporting activities market going forward. Natural gas, a fossil fuel formed over millions of years from the decomposition of organic materials - primarily marine microbes - under extreme heat and pressure, is widely used in oil and gas-supporting activities, including powering pipelines that transport oil and gas from production sites to refineries. For instance, in September 2023, according to the Energy Information Administration, a US-based government agency, U.S. natural gas consumption increased by 1%, reaching 89.7 billion cubic feet per day (Bcf/d) in 2023 from 88.6 Bcf/d in 2022. Therefore, the growing demand for natural gas is driving the expansion of the oil and gas-supporting activities market.

Major companies operating in the oil and gas-supporting activities market are focusing on developing advanced technologies such as magnetic crawler-mounted robotic arms to improve remote inspection and thickness gauging. This technology integrates mobility with precision, allowing inspections in complex structures while enhancing safety and operational efficiency. Magnetic crawler-mounted robotic arms combine a robotic manipulator with a mobile magnetic platform, enabling operators to access hard-to-reach areas and perform tasks like rust and paint removal. For instance, in November 2023, Octobotics Tech Private Limited, a UK-based company, launched its magnetic crawler-mounted robotic arm equipped with three cameras for 360-degree situational awareness, a stereo camera for remote defect sizing, and integration with the Cygnus Dive Gauge for real-time thickness monitoring. The device offers a deep coat mode for efficient operations and supports additional tools such as a rotary wire brush, impact needle descaler, and grinder for surface preparation. Planned future enhancements include 3D scanning, autonomous weld scanning, and high-standard cleaning capabilities, demonstrating a transformative approach to industrial inspection and NDT solutions.

Major companies operating in the oil and gas supporting activities market are Schlumberger Ltd, TechnipFMC plc, Saipem S.p.A., Halliburton, Weatherford International plc, Petrofac Ltd, Aibel, Calfrac Well Services Ltd., Patterson-UTI Energy Inc., Trican Well Service Ltd, Baker Hughes Company, National Oilwell Varco, Subsea 7 S.A, Wood PLC, Transocean, McDermott International, Oceaneering International, Archer, John Wood Group, Seadrill, Tidewater, Aker Solutions, GulfMark Offshore, Helix Energy Solutions Group, Core Laboratories, ProPetro Holding Corp., Expro Group, Bristow Group, Precision Drilling, Superior Energy Services, Helmerich & Payne, RPC Inc.

North America was the largest region in the oil and gas supporting activities market in 2025. Middle East was the second largest in the oil and gas supporting activities market. The regions covered in the oil and gas supporting activities market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the oil and gas supporting activities market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The oil and gas supporting activities market includes revenues earned by entities by logging, cementing, casing, perforating, fracturing, and maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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