UK Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The United Kingdom Oil and Gas Market is Segmented by Sector (Upstream, Downstream, and Midstream). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

UK Oil and Gas Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

UK Oil & Gas Market Size

United Kingdom Oil and Gas Market- Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 323.83 Billion
Market Size (2030) USD 346.29 Billion
CAGR (2025 - 2030) 1.35 %
Market Concentration Low

Major Players

United Kingdom Oil and Gas Market- Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UK Oil & Gas Market Analysis

The United Kingdom Oil And Gas Market size is estimated at USD 323.83 billion in 2025, and is expected to reach USD 346.29 billion by 2030, at a CAGR of 1.35% during the forecast period (2025-2030).

  • Over the medium term, the country's increasing oil and gas production and increasing investments in oil and gas infrastructure developments are expected to drive the market studied during the forecast period.
  • On the other hand, the growth of renewable energy technologies and volatility in oil and gas prices due to recent geopolitical developments are expected to restrain the growth of the market studied during the forecast period.
  • Nevertheless, the discovery of new oil and gas fields across the country is expected to create significant opportunities in the market studied during the forecast period.

UK Oil & Gas Industry Overview

The UK oil and gas market is fragmented. Some of the key players in the market (in no particular order) include Shell PLC, BP PLC, TotalEnergies SE, Chevron Corporation, and Cadent Gas Ltd.

UK Oil & Gas Market Leaders

  1. TotalEnergies SE

  2. Chevron Corporation

  3. Cadent Gas Ltd

  4. Shell PLC

  5. BP PLC

  6. *Disclaimer: Major Players sorted in no particular order
United Kingdom Oil and Gas Market- Market Concentration
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UK Oil & Gas Market News

  • May 2023: Shell PLC, a major oil and gas company from the United Kingdom, and big-data analytics company SparkCognition announced their collaboration, stating that Shell will leverage artificial intelligence-based technology to enhance offshore oil exploration and production in deep-sea exploration and production.
  • May 2022: BP PLC, one of the major oil and gas companies, announced that they are going to invest USD 22.5 billion in the oil and gas fields located in the North Sea by the end of 2030 to ramp up production activities in the region with decreased emissions. This will help the United Kingdom boost its energy security and sustainably meet its increased energy demands.

UK Oil & Gas Market Report - Table of Contents

1. INTRODUCTION

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

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Crude Oil and Natural Gas Production and Forecast, till 2028
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.1.1 Domestic Oil and Gas Production
    • 4.6.1.2 Investments in Oil and Gas Infrastructure Development
    • 4.6.2 Restraints
    • 4.6.2.1 Growth of Renewable Energy
  • 4.7 Supply Chain Analysis
  • 4.8 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 BP PLC
    • 6.3.3 TotalEnergies SE
    • 6.3.4 Chevron Corporation
    • 6.3.5 Cadent Gas Ltd
    • 6.3.6 ESSO UK Limited
    • 6.3.7 BG Group Limited
    • 6.3.8 Valaris PLC
    • 6.3.9 Centrica PLC
    • 6.3.10 Dana Petroleum E&P Limited
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Discovery of New Oil and Gas Fields
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UK Oil & Gas Industry Segmentation

The oil and gas industry refers to the sector involved in the exploration, extraction, refining, transportation, and distribution of petroleum products, natural gas, and related resources. It encompasses various activities and processes that are essential for the production and utilization of hydrocarbon-based energy sources.

The UK oil and gas market is segmented by sector. By sector, the market is segmented into upstream, downstream, and midstream. The report offers the market size in value terms in USD for all the abovementioned segments.

Sector Upstream
Midstream
Downstream
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UK Oil & Gas Market Research FAQs

How big is the United Kingdom Oil And Gas Market?

The United Kingdom Oil And Gas Market size is expected to reach USD 323.83 billion in 2025 and grow at a CAGR of 1.35% to reach USD 346.29 billion by 2030.

What is the current United Kingdom Oil And Gas Market size?

In 2025, the United Kingdom Oil And Gas Market size is expected to reach USD 323.83 billion.

Who are the key players in United Kingdom Oil And Gas Market?

TotalEnergies SE, Chevron Corporation, Cadent Gas Ltd, Shell PLC and BP PLC are the major companies operating in the United Kingdom Oil And Gas Market.

What years does this United Kingdom Oil And Gas Market cover, and what was the market size in 2024?

In 2024, the United Kingdom Oil And Gas Market size was estimated at USD 319.46 billion. The report covers the United Kingdom Oil And Gas Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United Kingdom Oil And Gas Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oil and Gas in UK Industry Report

The United Kingdom’s oil and gas market is a significant contributor to the national GDP, segmented into upstream, midstream, and downstream sectors. The market size and market share are critical aspects of the industry, with the downstream segment, led by the transport sector, heavily consuming oil. This influences market dynamics and market trends significantly. The UK's oil and gas production is primarily concentrated on offshore extraction in the upstream market, showcasing robust offshore infrastructure and subsea technology expertise. Numerous oil and gas companies are focusing on increasing domestic production to boost energy security and decrease dependency on imported energy, which often has a higher carbon footprint.

Advanced recovery techniques and the development of onshore sites demonstrate an active industry efficiently tapping into new and existing reserves. Market analysis and market research highlight a commitment to technological innovation, enabling the industry to adapt and flourish amidst changing global energy needs and environmental concerns. Detailed industry reports and market reports provide comprehensive market analysis and market forecast, offering insights into market growth and market segmentation.

Industry analysis and industry research reveal the industry's outlook and growth rate, emphasizing the importance of industry information and industry trends. The market overview and market review offer a thorough understanding of market predictions and market value. Industry statistics and industry size are essential for understanding the market dynamics, while market data and market leaders provide insights into the competitive landscape. Report examples and report PDFs from research companies like Mordor Intelligence™ offer valuable industry information and market insights.