Abstract: With the continuous development of social economy, the scale of oil & gas storage and transportation industry in China increases year by year, and the technological and managerial levels are improved continuously. In this paper, the development history of oil & gas pipelines at home and abroad was reviewed, and current technological achievements of domestic oil & gas storage and transportation industry were summarized from the aspects of high-pour-point and high-viscosity crude oil transportation, centralized control of oil & gas pipeline network, material and equipment localization, pipeline engineering and construction, and operation management. Then, the changes of energy consumption structure and the development of related technologies resulting from global energy revolution and technological revolution were analyzed, and the profound influence and great challenge to the oil & gas storage and transportation industry caused by these changes were discussed. Finally, the development direction of oil & gas storage and transportation industry was prospected in terms of facility safety, system reliability and big data application.