The petrochemicals segment contracts in Europe registered a decrease of 60% with two contracts in July 2022, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.
A total of two contracts were registered in the petrochemicals segment of Europe during the month, when compared with the last 12-month moving average of five contracts.
Contract award activity in Europe’s petrochemicals segment during July 2022
In July 2022, Norway and Spain led the activity with one contract and a 50% share each of the petrochemicals oil and gas contracts in Europe. It saw a flat growth over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of one contract in Norway.
Based on 12-month moving average of the contracts in the petrochemicals segment of Europe, Russia took the top spot with two contracts, followed by Norway and Poland with one contract each.
Contracts by scope of work in Europe’s petrochemicals segment during July 2022
During the month, the majority of petrochemicals segment contracts awarded in the Europe were in the design & engineering with two contracts, followed by procurement with one contract.
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.