Oil and Gas Industry in Canada Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Canada Oil and Gas Companies and the Market is segmented by Sector (Upstream, Midstream, and Downstream).

Oil and Gas Industry in Canada Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Oil and Gas Market Size

The Canada Oil and Gas Market
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 1.80 %
Market Concentration Medium

Major Players

Canada Oil and Gas Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Canada Oil and Gas Market with other markets in Energy & Power Industry

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Canada Oil and Gas Market Analysis

The Canada Oil and Gas Market is expected to register a CAGR of greater than 1.8% during the forecast period.

  • With the increase in oil and gas demand from end-user industries and increasing exports, the upstream sector is expected to dominate the market during the forecast period.
  • Canada is experiencing high demand for transition fuels such as natural gas and LNG (transition fuels) instead of coal and oil. As a result, increased exploration and discoveries are being made, which could become an opportunity for many players and new entrants in the market.
  • Upcoming oil and gas projects and increasing investments in the oil and gas sector are expected to boost the market's growth during the forecast period.

Canada Oil and Gas Industry Overview

The Canadian oil and gas market is moderately fragmented. The major companies include TotalEnergies SE, Shell PLC, ExxonMobil Corporation, Chevron Corporation, and Petroliam Nasional Berhad (PETRONAS).

Canada Oil and Gas Market Leaders

  1. Shell Plc

  2. Exxonmobil Corporation

  3. Cheveron Corporation

  4. Total Energies SE

  5. Petroliam Nasional Berhad (PETRONAS)

  6. *Disclaimer: Major Players sorted in no particular order
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Canada Oil and Gas Market News

  • In March 2022, Pembina Pipeline Corp. announced a deal with private equity firm KKR to combine their western Canadian natural gas processing assets into a new joint venture. Pembina will own a 60% stake in the joint venture and serve as the operator and manager. KKR's global infrastructure funds will hold 40%.
  • In November 2021, Woodfibre LNG signed an Engineering, Procurement, Fabrication, and Construction (EPFC) contract with McDermott International. The EPFC contract is an important step in advancing detailed engineering and construction scheduling work in advance of Woodfibre LNG.

Canada Oil and Gas Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Sector
    • 5.1.1 Upstream
    • 5.1.2 Midstream
    • 5.1.3 Downstream

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Shell PLC
    • 6.3.2 Chveron Corporation
    • 6.3.3 Total Energies SE
    • 6.3.4 Exxonmobil Corporation
    • 6.3.5 Halliburton
    • 6.3.6 Petroliam Nasional Berhad (PETRONAS)
    • 6.3.7 Impreial Oil
    • 6.3.8 LNG Canada
    • 6.3.9 McDermott International
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Oil and Gas Industry Segmentation

The Canadian oil and gas market report includes:

Sector Upstream
Midstream
Downstream
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Canada Oil and Gas Market Research FAQs

What is the current Canada Oil and Gas Market size?

The Canada Oil and Gas Market is projected to register a CAGR of greater than 1.8% during the forecast period (2025-2030)

Who are the key players in Canada Oil and Gas Market?

Shell Plc, Exxonmobil Corporation, Cheveron Corporation, Total Energies SE and Petroliam Nasional Berhad (PETRONAS) are the major companies operating in the Canada Oil and Gas Market.

What years does this Canada Oil and Gas Market cover?

The report covers the Canada Oil and Gas Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Oil and Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Oil and Gas Industry Report

Statistics for the 2025 Canada Oil and Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Oil and Gas analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Canada Oil and Gas Market Report Snapshots