Top 6 Companies Driving the Global Offshore Pipeline Market

The global offshore pipeline market would likely grow at a CAGR of 5.8% during 2025-2034. Offshore pipelines are suited to transport solids (Coal, Ores, Tailings), liquids (Chemicals, Petrochemical Products, Petroleum Products, LPG, Crude Oil, and Water) and gases (natural gases and also other types of gases). Rising demand for dependable and safe sources of energy has led to an increase in offshore oil and gas production, and the establishment of pipelines to aid these operations. Asia, Pacific, North America and Europe are likely to be key markets.

Latest Updates on Top Offshore Pipeline Companies:

In January 2025, Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has announced the start of production at the Shell-operated Whale floating production facility in the Gulf of Mexico. Whale follows the streamlined, cost-efficient design of the Vito platform, which began operations in early 2023. The project is jointly owned by Shell Offshore Inc. (60%, operator) and Chevron U.S.A. Inc. (40%).

In February 2025, Shell Offshore Inc. and Shell Pipeline Company (SPLC), both subsidiaries of Shell plc, have agreed to expand their ownership stake in the Ursa platform in the Gulf of Mexico.

In December 2024, Subsea Technology & Rentals (STR) has welcomed STAR Capital Partnership LLP (STAR) as its new majority shareholder, supporting its ambitious growth strategy in offshore energy, infrastructure, and marine science markets.

Northern Endurance Partnership (NEP) has reached financial close, advancing the UK's first CCS project. With a 10% stake held by TotalEnergies, NEP will initially store up to 4 million tonnes of CO2 annually. The project will support three Teesside carbon capture initiatives via an onshore CO2 network, compression facilities, and a 145 km offshore pipeline to the Endurance saline aquifer.

In January 2023, Snam acquired a 49.9% stake in Eni’s direct and indirect equity interest in companies operating two international gas pipeline networks linking Algeria to Italy. The transaction includes the onshore pipelines from the Algeria-Tunisia border to the Tunisian coast (TTPC) and the offshore pipelines connecting Tunisia to Italy (TMPC).

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Top 6 Offshore Pipeline Companies in the World:

1. Saipem SpA

Saipem SpA is a modern engineering and technological platform for designing, constructing and operating sustainable and safe intricate infrastructure and plants. The company lays stress on technological innovation and is committed to energy transition with digitalised tools, technologies and processes. Specialties include Drilling, Engineering & Construction, Offshore installation, and Onshore construction.

2. Enbridge Inc.

Enbridge Inc. is committed to building a cleaner energy future. The company operates across North America and outside and has four core businesses - natural gas pipelines, liquids pipelines, renewable energy, and gas distribution and storage. Specialties include oil and gas, energy, natural gas, transportation, and renewable energy.

3. Energy Transfer LP

Energy Transfer LP is engaged in operations including NGL fractionation; complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets. Specialties include Refined Products, Natural Gas, Crude Oil, Natural Gas Liquids (NGLs), and Pipelines.

4. TechnipFMC plc

TechnipFMC plc is a major technology provider to conventional and novel energy industries; it delivers fully integrated projects, services and products. The company is structured into two business segments — Subsea and Surface Technologies.

5. McDermott International

McDermott International is a key provider of engineering and construction solutions to the energy industry. The company operates in more than 54 countries; its globally-integrated and domestically-focused resources include almost 40,000 employees, a differentiated fleet of specialty marine construction vessels and fabrication facilities across the globe. Specialties include Procurement, Engineering, Installation, Construction, Subsea Infrastructure, Commissioning, Power, LNG, Downstream, Technology, Fabrication, Upstream, Onshore, and Offshore.

6. Sapura Energy Berhad

Sapura Energy Berhad is a leading integrated oil and gas services and solutions provider. The company offers a whole range of capabilities covering the value chain of development, exploration, production and rejuvenation, and abandonment and decommissioning. The company has a presence in more than twenty nations (including China, Malaysia, Brazil, Australia, USA, and countries in Middle East and Western Africa) with more than 7,500 employees. Specialties include Drilling Services, Fabrication & Hook-up and Commissioning, Geotechnical and Geophysical Survey, Production and Exploration, Marine, Installation of Pipelines and & Facilities, Operations and Maintenance Services, Diving and ROV Services, and Engineering and Construction.