The midstream segment contracts in Europe registered an increase of 7% with 16 contracts in August 2022, when compared with the previous month’s total of 15 contracts, according to GlobalData’s oil and gas contracts database.
A total of 16 contracts were registered in the midstream segment of Europe during the month, when compared with the last 12-month moving average of 21 contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 140 contracts in August 2022, followed by midstream and petrochemicals segments with 16 and six contracts, respectively.
Contract award activity in Europe’s midstream segment during August 2022
In August 2022, Russia and the UK led the activity with four contracts and a 25% share each of the midstream oil and gas contracts in Europe. It saw a decrease of 33% over the previous month’s total of six contracts and a decrease of 43% when compared with the last 12 month-average of seven contracts in Russia, followed by France with two contracts and a 13% share, followed by France with two contracts and a 13% share.
Based on 12-month moving average of the contracts in the midstream segment of Europe, Russia took the top spot with seven contracts, followed by Greece and Norway with two contracts each.
Contracts by scope of work in Europe’s midstream segment during August 2022
During the month, the majority of midstream segment contracts awarded in the Europe were in the operations & maintenance with seven contracts, followed by procurement and construction with four and three contracts, 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.