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  1. Market Data
July 14, 2022

Oil and gas contracts awarded globally down 6% in June 2022

By Carmen

A total of 461 contracts have been awarded in the oil and gas sector globally in June 2022, marking a decrease of 6% when compared with 488 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 18%, when compared with the last 12-month average of 564 contracts.


Oil and gas contracts activity by region in June 2022

By comparing contracts activity in different regions of the globe, North America held the top position with 137 contracts and a share of 30% in June 2022, followed by Europe and Asia-Pacific with 134 contracts (29%) and 105 contracts (23%), respectively.

In fourth place was Middle East with 47 contracts and a 10% share.


Upstream segment tops contracts activity in June 2022

Looking at contracts by segment, upstream accounted for the largest proportion with 346 contracts and a 75% share in June 2022, followed by midstream with 65 contracts and a 14% 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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