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September 29, 2021updated 30 Sep 2021 9:44am

Oil and gas contracts awarded globally up 5% in August 2021

By Carmen

A total of 477 contracts have been awarded in the oil and gas sector globally in August 2021, marking an increase of 5% when compared with 456 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 6%, when compared with the last 12-month average of 505 contracts.

 

Oil and gas contracts activity by region in August 2021

By comparing contracts activity in different regions of the globe, Europe held the top position with 184 contracts and a share of 39% in August 2021, followed by Asia-Pacific and North America with 118 contracts (25%) and 98 contracts (21%), respectively.

In fourth place was Middle East with 34 contracts and a 7% share.

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Upstream segment tops contracts activity in August 2021

Looking at contracts by segment, upstream accounted for the largest proportion with 314 contracts and a 66% share in August 2021, followed by downstream with 71 contracts and a 15% share.

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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