Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 67% in April 2022 with a total of 18 contracts, when compared with the previous month’s total of 55 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 18 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 35 contracts.
In April 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 15 contracts and a 68% share. Offshore pipeline sub-segment witnessed seven contracts, during the month.
Oil and gas pipeline contracts by region in April 2022
Europe held the top position with nine contracts and a 50% share during April 2022, followed by Asia-Pacific and North America with three contracts and a (17%) share each.
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By GlobalDataContracts by scope of work in pipeline segment during April 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with nine contracts, followed by operations & maintenance and design & engineering with five and three contracts, respectively.
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.
