Procurement Market Intelligence Report
Oil & Gas Field Consulting Services
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Oil & Gas Field Consulting Services Global Overview
Definition
Summary
Oil and gas field consulting services involve a variety of consulting services pertaining to data analytics, finance strategy, surveying, research and development, logistics and distribution, supply chain planning, and talent management, among other solutions. Operators also offer oil and gas technology licensing services. Key buyers include oil and gas extractors and refiners, utility companies, and government agencies.
This Report Includes:
- Oil & Gas Logistics
- Oil & Gas Strategy
Not in this Report:
- Oil & Gas Engineering Services
- Oil & Gas Land Services
Classification:
- Oil & Gas Land Services
- Oil & Gas Casing & Tubing
- Oil & Gas Engineering Services
- Oil & Gas Facility Construction & Maintenance
- Oil & Gas Field Consulting Services
- Oil & Gas Pipe Coating Services
- Oil & Gas Pipeline Construction
- Oil & Gas Refinery Construction
- Oil & Gas Refinery Maintenance Services
- Oil & Gas Well Maintenance
- Oil Spill Cleanup Services
- Oil & Gas Casing & Tubing
Global Oil & Gas Field Consulting Services Procurement Trends
Discover the top international trends affecting procurement in the global Oil & Gas Field Consulting 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.
GSA memo asks agencies to review consulting contracts
- The General Services Administration (GSA) recently issued a memorandum asking government agencies to review their consulting contracts with the ten highest-paid firms. The ten firms are Accenture PLC (Accenture Federal Services), Booz Allen Hamilton Inc., CGI Group Inc. (CGI Federal), Deloitte Touche Tohmatsu (Deloitte Consulting), General Dynamics Corporation (General Dynamics IT), Guidehouse Inc., Huntington Ingalls Industries Inc. (HII Mission Technologies), International Business Machines Corporation (IBM), Leidos Holdings, Inc., and Science Applications International Corporation, Inc. (SAIC).
- The memo states that agencies are strongly encouraged to cut non-essential consulting contracts, providing a list of those intended to be terminated by March 7, 2025. By April 19, 2025, agencies must submit their reviews of non-GSA consulting service contracts.
- According to the GSA, the ten consulting firms identified are set to receive $65.0 billion in fees in 2025. The Department of Defense (DoD) has stated its intention to terminate or descope contracts non-essential to the DoD’s purposes; some of the largest market players with high-value DoD contracts include Booz Allen Hamilton, Deloitte, and Accenture.
- According to the Government Accountability Office, in the fiscal year 2023, government agencies spent $478.0 billion on services, with the DoD accounting for $230.0 billion and non-defense agencies accounting for the rest. The DoD spent $21.3 billion on support, professional, and engineering and technical services, while non-defense agencies spent $21.4 billion on professional services, which includes consulting, training, and support services.
- The Department of Veterans Affairs (VA) initially cancelled 875 contracts (amounting to around $2.0 billion) but has currently paused efforts. However, contract terminations across most agencies are expected to continue.
Inflation climbs above 3.0% for the first time in seven months
- In January, the Consumer Price Index (CPI) 12-month inflation rate, the most commonly used measure of inflation, rose by 0.1% to 3.0%, the highest it has been since June 2024.
- This uptick in inflation follows cuts to interest rates which may have added to consumer demand, fueling higher consumer prices.
- Additionally, the threat of impending tariff hikes has driven preemptive stockpiling by importers, adding to demand and price growth across a range of industries in the United States.
- While inflation is still low relative to previous years, sustained recent increases in inflation and the potential effects of tariffs, such as the recently implemented 10.0% on all Chinese goods, mean prices are still rising at a faster-than-normal pace.
Global Oil & Gas Field Consulting Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Mexico | 11,000 |
| #2 United States | 9,000 |
| #3 China | 8,915 |
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2
Geography Drilldown - US
Average Cost of Oil & Gas Field Consulting Services
United States
2026 Market Pricing$600.00 to $X,XXX.XX
per day per consultantAverage Price
Prices in the Oil & Gas Field Consulting Services market range from $600.00 to $X,XXX.XX, depending on Project Type, Complexity, Experience and Location. For example, lower prices are associated with Geological consulting, whereas higher prices are associated with Drilling operations consulting.
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Oil & Gas Field Consulting 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 Field Consulting Services market, prices in the US have declined -1.3% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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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 Field Consulting Services
Total cost of ownership is Low in the Oil & Gas Field Consulting 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 Hidden Fees may raise the total cost of ownership unexpectedly.
Negotiated Before
Other Fees
Billed During
Travel
Software
Unforeseen
Hidden Fees
Scope Changes
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -0.6 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
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
- Office Stationery Wholesalers
- Computer & Packaged Software Wholesalers
- Software Publishers
2nd
Tier Suppliers
- Office Stationery Manufacturers
- Semiconductor & Circuit Manufacturers
- Computer Manufacturers
Biggest Oil & Gas Field Consulting Services Suppliers in the US by Revenue
The largest Oil & Gas Field Consulting Services vendors by revenue in the US are Dupont De Nemours, Inc., Bain & Company, Inc. and McKinsey & Company. 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 |
|---|---|---|---|---|---|---|---|---|
| Schlumberger Limited | Global | HOUSTON, TX | >10,000 | 5-10 | ||||
| Halliburton Company | Global | HOUSTON | >10,000 | 5-10 | ||||
| Mcdermott International Inc. | Global | Houston | >10,000 | 5-10 | ||||
| Accenture Plc | International | DUBLIN | >10,000 | < 5 | ||||
| Dupont De Nemours, Inc. | Global | WILMINGTON | >10,000 | < 5 | ||||
| Bain & Company, Inc. | Global | Boston, MA | >10,000 | < 5 | ||||
| McKinsey & Company | Global | New York, NY | >10,000 | < 5 | ||||
| The Boston Consulting Group | Global | Boston, MA | >10,000 | < 5 | ||||
| Fti Consulting, Inc. | Global | WASHINGTON, DC | 1,001-10,000 | < 5 | ||||
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Profit Analysis
The average profit margin across vendors in the Oil & Gas Field Consulting Services market is 8.3% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, 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
Vendors of consulting services face a moderate degree of bankruptcy risk due to the volatile nature of the oil and gas sector, which is driven primarily by wide fluctuations in commodity prices. However, large vendors like Halliburton and Schlumberger, and general management consulting firms typically generate higher-than-market-average profit margins due to their diverse portfolio of products and services and possess less risk than others.
There is low market share concentration in the market, meaning the top four vendors account for less than 30.0% of the market's revenue. There has been increased merger and acquisition activity over the past few years, but generally, low market share concentration encourages price competition and is beneficial to buyers.
The supply chain for oil and gas field consulting services has a moderate degree of risk, mainly stemming from semiconductor and computer wholesaler risk. However, since consultants are not consistently procuring computers (or other inputs), upstream supply chain risk is less important.
The United States is a net importer of computers, meaning it imports more computers than it exports. While lower manufacturing costs abroad drive down prices for imported computers, relying on imports can lead to potential shortages or price increases if there are supply chain disruptions due to geopolitical tensions, trade disputes, or global crises.
Supplier Information
Halliburton Company
Halliburton Company is a products and services provider to the energy industry. It organizes its business into two operating segments: Completion and Production segment, which delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products and... 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
Schlumberger Limited
Schlumberger Limited is a public company operating globally in the mining, manufacturing, manufacturing, professional, scientific and technical services and other services (except public administration) sectors. The company's offerings include inflow control devices, drilling tools, drill bits, downhole instrumentation,... Subscribe to learn more
Accenture Plc
Accenture Plc is a public company operating internationally in the mining, information, professional, scientific and technical services and administration, business support and waste management services sectors. The company's offerings include mobile enterprise application platforms, claims management software,... Subscribe to learn more
Bain & Company, Inc.
Bain & Company, Inc. is a private company operating globally in the mining and professional, scientific & technical services sectors. The company's offerings include oil & gas field consulting services, management consulting services, environmental, social & governance (esg) consulting services, supplier Subscribe to learn more
Deloitte Touche Tohmatsu
Deloitte Touche Tohmatsu is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services, administration, business support and waste management services and educational services sectors. The company's offerings include oil & gas field consulting services,... Subscribe to learn more
Dupont De Nemours, Inc.
DuPont de Nemours, Inc. is a global company that develops technology-based materials, ingredients, and solutions for electronics, transportation, building and construction, health and wellness, food, and worker safety markets. It organizes its business into two reportable segments: the Electronics & Industrial... Subscribe to learn more
EY
EY is a private company operating globally in the mining, finance & insurance, professional, scientific & technical services and administration, business support and waste management services sectors. The company's offerings include oil & gas field consulting services, management consulting services, environmental,... Subscribe to learn more
Fti Consulting, Inc.
Fti Consulting, Inc. is a public company operating globally in the mining, information, professional, scientific and technical services, administration, business support and waste management services and educational services sectors. The company's offerings include e-discovery software, oil & gas field consulting... Subscribe to learn more
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Procurement Management KPIs for the Oil & Gas Field Consulting Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Response Time and Billable Utilization. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Safety and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Response Time |
|
Total time taken to respond Total number of responses |
The average response time represents the average amount of time it takes to respond to a client. A fast response time increases the likelihood of timely communication and support throughout the project. |
| Billable Utilization |
|
Total billable hours Total hours available |
Billable utilization measures the total number of employee hours spent on project-related activities. The billable utilization rate can help buyers predict the amount of services they can be expected to pay for. A good billable utilization rate in consulting is between 80.0% to 90.0%. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Staff Turnover
How do you recruit and retain senior staff?
Are there records that show prior training and certifications available for all consultants?
Experience and Expertise
Are you a member of any relevant associations? If so, what are they? What support do you receive from them?
Tell me about similar projects you have worked on in the past. What challenges did you face and how did you overcome them?
Geographic Coverage
Does your company provide services on a national level or on a local level? What industries do you primarily serve?
Do you operate globally? If so, where?
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Oil & Gas Field Consulting Services RFP Guidelines
What should my RFP include?
Organizational Overview
The buyer should provide a brief history of their company and details regarding their primary operations.
Buyers should provide details regarding the primary location in which their operations are located, and where the services being requested will be rendered.
Statement Of Need
Buyers should state details specifying what is expected of the supplier and what tasks they will perform throughout the contract.
Buyers should provide details regarding the project in which they are requesting these services for.
Project Budget
Buyers should state their total budget for the contract.
Buyers should provide a breakdown of their budget, stating what costs are included and what costs if any are not included in the budget.
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- Opportunity assessment
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- 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
