A total of 477 contracts have been awarded in the oil and gas sector globally in November 2022, marking a decrease of 5% when compared with 503 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 20%, when compared with the last 12-month average of 598 contracts.
Oil and gas contracts activity by region in November 2022
By comparing contracts activity in different regions of the globe, Europe held the top position with 178 contracts and a share of 37% in November 2022, followed by North America and Asia-Pacific with 115 contracts (24%) and 96 contracts (20%), respectively.
In fourth place was Middle East with 42 contracts and a 9% share.
Upstream segment tops contracts activity in November 2022
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Looking at contracts by segment, upstream accounted for the largest proportion with 357 contracts and a 75% share in November 2022, followed by midstream with 69 contracts and a 14% 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.