Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
December 14, 2021

Oil and gas contracts in Europe down 11% in November 2021

By Carmen

Oil and gas contracts in Europe registered a decrease of 11% in November 2021 with 153 contracts, when compared with 172 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 29%, when compared with the last 12-month average of 217 contracts.


Contract award activity in Europe during November 2021

Looking at contracts by country, the UK led the activity in November 2021 with 62 contracts representing a 41% share of all the oil and gas contracts, followed by Norway with 45 contracts and a 29% share and the Netherlands with seven contracts and a 5% share. It saw a decrease of 2% over the previous month’s total of 63 contracts and a decrease of 13% when compared with the last 12 month-average 71 contracts in the UK.

Content from our partners
How the North of Tyne region is leveraging its legacy to define its future
Q&A with Chevron Lubricants’ Paul Sly, global industrial OEM specialist, and Nathan Knotts, global brand technical manager
The important role of antifoam agents in oil-gas separation and amine treating

Based on 12-month moving average, the UK took the top spot with 69 contracts, followed by Norway and Russia with 65 and 29 contracts, respectively.


Europe’s oil and gas contracts by segment in November 2021

Looking at oil and gas contracts by segment in Europe, upstream segment contributed the most in terms of the contracts awarded, with 122 contracts in November 2021, followed by midstream and downstream with 14 and seven contracts, respectively.

Contracts by scope of work in Europe during November 2021

During November 2021, the majority of the contracts awarded were in the operations & maintenance space with 94 contracts, followed by procurement and design & engineering with 27 contracts each.

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU