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September 29, 2021updated 04 Oct 2021 3:12pm

Contract activities in midstream segment in Europe down 29% in August 2021

By Carmen

The midstream segment contracts in Europe registered a decrease of 29% with 15 contracts in August 2021, when compared with the previous month’s total of 21 contracts, according to GlobalData’s oil and gas contracts database.

A total of 15 contracts were registered in the midstream segment of Europe during the month, when compared with the last 12-month moving average of 23 contracts.

 

In terms of the number of contracts in Europe, the upstream segment contributed the most with 136 contracts in August 2021, followed by midstream and downstream segments with 15 and 13 contracts, respectively.

 

Contract award activity in Europe’s midstream segment during August 2021

In August 2021, Russia led the activity with six contracts and a 40% share of the midstream oil and gas contracts in Europe. It saw an increase of 200% over the previous month’s total of two contracts and a decrease of 25% when compared with the last 12 month-average of eight contracts in Russia.

Based on 12-month moving average of the contracts in the midstream segment of Europe, Russia took the top spot with seven contracts.

Contracts by scope of work in Europe’s midstream segment during August 2021

During the month, the majority of midstream segment contracts awarded in the Europe were in the operations & maintenance with nine contracts, followed by design & engineering with five 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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