The downstream segment contracts in Europe registered a decrease of 27% with eight contracts in May 2022, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.
A total of eight contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of 12 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 136 contracts in May 2022, followed by midstream and downstream segments with 17 and eight contracts, respectively.
Contract award activity in Europe’s downstream segment during May 2022
In May 2022, Sweden and the UK led the activity with two contracts and a 25% share each of the downstream oil and gas contracts in Europe. It saw a decrease of 33% over the previous month’s total of three contracts and an increase of 100% when compared with the last 12 month-average of one contract in Sweden, followed by Germany with one contract and a 13% share, followed by Germany with one contract and a 13% share.
Based on 12-month moving average of the contracts in the downstream segment of Europe, Russia took the top spot with three contracts, followed by France and Germany with one contract each.
Contracts by scope of work in Europe’s downstream segment during May 2022
During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with five contracts, followed by design & engineering and installation with four and one contract, respectively.
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.