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  1. Market Data
August 22, 2022

Contract activities in midstream segment in Europe down 6% in July 2022

By Carmen

The midstream segment contracts in Europe registered a decrease of 6% with 15 contracts in July 2022, when compared with the previous month’s total of 16 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 21 contracts.


In terms of the number of contracts in Europe, the upstream segment contributed the most with 113 contracts in July 2022, followed by midstream and carbon capture segments with 15 and four contracts, respectively.


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

In July 2022, 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 50% over the previous month’s total of four contracts and a flat growth when compared with the last 12 month-average of six contracts in Russia, followed by the UK and Germany with three contracts 20% share each.

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 July 2022

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