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  1. Market Data
February 11, 2022

Contract activities in midstream segment in Europe up 7% in January 2022

By Carmen

The midstream segment contracts in Europe registered an increase of 7% with 16 contracts in January 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 22 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 132 contracts in January 2022, followed by midstream and petrochemicals segments with 16 and six contracts, respectively.


Contract award activity in Europe’s midstream segment during January 2022

In January 2022, Russia led the activity with seven contracts and a 44% share of the midstream oil and gas contracts in Europe. It saw an increase of 700% over the previous month’s no contracts and an increase of 17% when compared with the last 12 month-average of six contracts in Russia.

In second place was Norway with three contracts and a 19% 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 three and two contracts, respectively.

Contracts by scope of work in Europe’s midstream segment during January 2022

During the month, the majority of midstream segment contracts awarded in the Europe were in the procurement with six contracts, followed by operations & maintenance and construction with four and three contracts, respectively.

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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