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  1. Market Data
July 14, 2022

Contract activities in downstream segment in Europe down 75% in June 2022

By Carmen

The downstream segment contracts in Europe registered a decrease of 75% with two contracts in June 2022, when compared with the previous month’s total of eight contracts, according to GlobalData’s oil and gas contracts database.

A total of two contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 12 contracts.



Contract award activity in Europe’s downstream segment during June 2022

In June 2022, the Netherlands and Russia led the activity with one contract and a 50% share each of the downstream oil and gas contracts in Europe. It saw an increase of 100% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of one contract in Netherlands.

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 June 2022

During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with two contracts.

Methodology

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.

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