The downstream segment contracts in Europe registered an increase of 50% with three contracts in July 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.
A total of three contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 10 contracts.
Contract award activity in Europe’s downstream segment during July 2022
In July 2022, Russia led the activity with two contracts and a 67% share of the downstream oil and gas contracts in Europe. It saw an increase of 100% over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of two contracts in Russia.
Based on 12-month moving average of the contracts in the downstream segment of Europe, Russia took the top spot with two contracts, followed by France and Germany with one contract each.
Contracts by scope of work in Europe’s downstream segment during July 2022
During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with three contracts, followed by design & engineering with one contract.
All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.
More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.