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.
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.