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October 18, 2021updated 27 Oct 2021 11:02am

Oil and gas contracts awarded globally down 10% in September 2021

By Carmen

A total of 457 contracts have been awarded in the oil and gas sector globally in September 2021, marking a decrease of 10% when compared with 510 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 11%, when compared with the last 12-month average of 512 contracts.

 

Oil and gas contracts activity by region in September 2021

By comparing contracts activity in different regions of the globe, Europe held the top position with 223 contracts and a share of 49% in September 2021, followed by Asia-Pacific and North America with 98 contracts (21%) and 79 contracts (17%), respectively.

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

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Upstream segment tops contracts activity in September 2021

Looking at contracts by segment, upstream accounted for the largest proportion with 313 contracts and a 68% share in September 2021, followed by midstream with 63 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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