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  1. Market Data
August 22, 2022

Oil and gas contracts awarded globally down 10% in July 2022

By Carmen

A total of 487 contracts have been awarded in the oil and gas sector globally in July 2022, marking a decrease of 10% when compared with 543 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 14%, when compared with the last 12-month average of 566 contracts.


Oil and gas contracts activity by region in July 2022

By comparing contracts activity in different regions of the globe, Asia-Pacific and Europe held the top position with 142 contracts and a share of 29% each in July 2022, followed by North America with 138 contracts (28%).

In fourth place was Middle East with 28 contracts and a 6% share.


Upstream segment tops contracts activity in July 2022

Looking at contracts by segment, upstream accounted for the largest proportion with 357 contracts and a 73% share in July 2022, followed by downstream with 50 contracts and a 10% 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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