The construction market in North America is forecasted by GlobalData to grow by 1.9% in real terms in 2024, having decreased by 5.7% in 2023. A key growth market will be the infrastructure market, with output rising by 11.1% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are North America’s five largest oil and gas construction projects that were initiated in Q3 2024, according to GlobalData’s construction projects database.
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1. Virginia Reliability Project
The project involves the expansion of a 77km long gas pipeline in Virginia, the US.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project aims to enhance energy reliability and affordability in Virginia’s Hampton Roads region generate over $500 million in economic value and create 3,500 jobs in the state.
2. Transco Texas-Louisiana Gas Pipeline Expansion
The project involves the expansion of Transcontinental Gas Pipeline (Transco) to deliver 180,000 Dekatherms per day of additional natural gas in Texas and Louisiana, the US.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2025.
3. Montreal Carbon Capture Facility
The project involves the construction of a carbon capture facilities in Montreal, Quebec, Canada.
Construction work started in Q3 2024 and is forecast to complete in Q4 2025.
The project aims is to remove gigatonnes of carbon dioxide (CO2) through industrial-scale carbon removal facilities.
4. 4318 North Renewable Natural Gas facility
The project involves the construction of a renewable natural gas facilities in San Antonio, Texas, the US.
Construction work commenced in Q3 2024 and is expected to be completed in Q3 2026.
5. Williams Energy Gateway Gas Pipeline
The project involves the construction of a gas pipeline in Louisiana, the US.
Construction work started in Q3 2024 and is expected to be completed in Q3 2025.
For more details on the latest construction projects, buy the profiles here.
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