Procurement Market Intelligence Report
Oil & Gas Engineering Services
Sourcing Guide & Market Intelligence
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Oil & Gas Engineering Services Global Overview
Definition
Summary
This report is intended to assist buyers of oil and gas engineering services. Suppliers of oil and gas engineering services help buyers plan and optimize operations; oversee equipment design, engineering, and planning; oversee the installation, operation, and maintenance of oil fields; develop plans to drill in oil and gas fields; and use computer-controlled drilling to connect a larger oil or gas deposit to a single well, among other services.
This Report Includes:
- Pipeline Design
- Oilfield Design
- Oil Rig Design
- Oilfield Management
Not in this Report:
- Mining Engineering Services
- Oil & Gas Extraction
- Oil & Gas Drilling
Global Oil & Gas Engineering Services Procurement Trends
Discover the top international trends affecting procurement in the global Oil & Gas Engineering Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Oil & Gas Engineering Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 11,300 |
| #2 China | 8,790 |
| #3 United States | 6,250 |
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2
Geography Drilldown - US, Canada & Europe
Average Cost of Oil & Gas Engineering Services
United States
2026 Market Pricing$50.00 to $XXX.XX
per hourCanada
Europe
Average Price
Prices in the Oil & Gas Engineering Services market range from $50.00 to $XXX.XX, depending on Project Size & Type, Estimated Project Hours, Project Complexity, Experience & Qualifications and Engineer Level. For example, lower prices are associated with Small-scale projects, whereas higher prices are associated with Large-scale projects.
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Oil & Gas Engineering Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Oil & Gas Engineering Services market, prices in the US have grown 2.1% from 2022 to 2025. and +1.2% in Europe.
United States (2022-2025)
Canada (2021-2024)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Oil & Gas Engineering Services
Total cost of ownership is Low in the Oil & Gas Engineering Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Pre-evaluation
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.5 in the United States. Buyer power is most positively impacted by Availability of Substitutes. It is most negatively impacted by Market Share Concentration. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Canada
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Medium, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Computer & Packaged Software Wholesalers
- Commercial Real Estate Lessors
- Office Stationary Wholesalers
2nd
Tier Suppliers
- Computer Manufacturers
- Commercial Bankers
- Office Stationary Manufacturers
Biggest Oil & Gas Engineering Services Suppliers in the US by Revenue
The largest Oil & Gas Engineering Services vendors by revenue in the US are WSP Global Inc., Aecom and Fluor Corporation. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Fluor Corporation | Global | IRVING, TX | >10,000 | 5-10 | ||||
| Bechtel Corporation | Global | Reston, VA | >10,000 | 5-10 | ||||
| Aecom | Global | DALLAS, TX | >10,000 | < 5 | ||||
| WSP Global Inc. | Global | Montréal | >10,000 | < 5 | ||||
| Nov Inc. | Global | HOUSTON, TX | >10,000 | < 5 | ||||
| Mcdermott International Inc. | Global | Houston | >10,000 | < 5 | ||||
| KBR Inc. | Global | HOUSTON | >10,000 | < 5 | ||||
| Primoris Services Corporation | International | DALLAS, TX | >10,000 | < 5 | ||||
| John Wood Group PLC | Global | Aberdeen | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Oil & Gas Engineering Services market is 9.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Wages. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
On average, vendors in the market are considered to be low risk, indicating that buyers are unlikely to face service disruptions due to issues such as financial instability among vendors.
The market has a low level of market share concentration, indicating that there are no major players in the market that control market revenue. As a result, competition is strong in the market.
Vendors face a moderate level of supply chain risk as due to supply chain disruptions and labor shortages exacerbated by the coronavirus pandemic.
While regulations that are placed directly on engineering firms are minimal, the oil and gas sector is heavily regulated by multiple governing bodies. Engineering firms must keep up to date with these regulations to provide higher-quality services that keep their clients within regulations.
Vendors in the market regularly use computers to provide services and the United States is a net importer of computers, indicating a wide availability of computers to select from at a competitive price point as domestic producers compete with foreign vendors. While this market uses inputs, such as computer parts and semiconductor-based equipment, to provide services, recent tariffs on these items have had a limited impact on the market due to the overhead nature of these costs and the infrequency of purchases made.
Supplier Information
Bechtel Corporation
Bechtel Corporation is a private company operating globally in the construction, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include field-erected tanks, general contractor services, industrial building &... Subscribe to learn more
Fluor Corporation
Fluor Corporation is a diversified holding company that provides professional and technical solutions. It primarily offers engineering, procurement, construction, fabrication and modularization, and project management services. It serves various industries worldwide, including advanced technologies and manufacturing,... Subscribe to learn more
Aecom
Aecom is a public company operating globally in the construction, professional, scientific and technical services, administration, business support and waste management services and healthcare and social assistance sectors. The company's offerings include general contractor services, industrial building &... Subscribe to learn more
John Wood Group PLC
John Wood Group Plc is a global environmental, social, and corporate sustainability company that delivers consulting and engineering services to energy and materials end markets. It organizes its business into three segments: the Consulting segment, which specializes in technical consulting, digital advisory,... Subscribe to learn more
KBR Inc.
KBR, Inc. is an engineering company delivering solutions to governments and businesses. It offers research and development, advanced prototyping, acquisition support, systems engineering, systems assurance and technology, C5ISR, cyber analytics, space domain awareness, test and evaluation, systems integration... Subscribe to learn more
Mcdermott International Inc.
McDermott International, Inc. is a global provider of engineering, procurement, construction and installation, and technology solutions to the energy industry. It delivers front-end design, engineering, procurement, fabrication, construction, installation, hook-up, start-up, and commissioning services to Subscribe to learn more
Nov Inc.
NOV Inc. is a provider of equipment and technology to the global energy industry. It organizes its business into two reporting segments: the Energy Products and Services segment, which provides drill bits, downhole tools, completion tools, artificial lift system, tubular coating and inspection services, solids... Subscribe to learn more
Primoris Services Corporation
Primoris Services Corporation is a provider of infrastructure services to the utility and energy markets in the US and Canada. It organizes its business into two segments: the Utilities segment, which specializes in the installation and maintenance of new and existing natural gas and electric utility distribution... Subscribe to learn more
Sts Operating, Inc.
Sts Operating, Inc. is a private company operating internationally in the professional, scientific & technical services and other services (except public administration) sectors. The company's offerings include pneumatic cylinders, heavy equipment installation & maintenance services and oil & gas engineering... Subscribe to learn more
Accelerate the vendor selection process
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Procurement Management KPIs for the Oil & Gas Engineering Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Average Response Time. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Schedule and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Average time until minor conflicts are resolved Average time until major conflicts are resolved |
Conflict resolution is an important metric to track as it sheds light on the vendor's customer service quality. Regularly spending an excessive amount of time to resolve conflicts may warrant action against the vendor. |
| Average Response Time |
|
Typical response time for email outreach Typical outreach time for phone outreach |
Measuring how long it takes for vendors to respond to outreach from buyers can be an indicator of the quality of their customer service. Buyers should consider the form of outreach when looking at response times as email is typically a slower means of contact. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Regulation
How do you manage regulatory change?
How has greater regulation changed your pricing and how do you expect it to change in the future?
Workforce
How do you keep your wage costs under control, especially during periods of weak demand?
Do you provide ongoing training or development for your employees?
Experience and Expertise
Have you designed oil and gas engineering solutions for businesses like mine? Can you provide a portfolio of similar projects you have worked on?
Who are your current clients?
The ultimate prep for procurement negotations
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Oil & Gas Engineering Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should give an overview of their organization.
Buyers should specify the state(s) and countries where they require oil and gas engineering services.
Statement Of Need
Buyers should specify the type(s) of oil and gas engineering services they require.
Buyers should include a detailed description of their oil and gas operations.
Project Budget
Buyers should specify their total budget for the service.
Buyers should state their preference for a pricing model (fixed price or fixed time and materials).
The RFP process made easy
Find out how you can access RFP templates for 800+ procurement categories to start writing better, more consistent RFPs.
We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
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- Buyer power levers
- Price environment and market pricing
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- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
