Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 23% in August 2021 with a total of 27 contracts, when compared with the previous month’s total of 35 contracts, according to GlobalData’s oil and gas contracts database.
A total of 27 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 34 contracts.
In August 2021, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 25 contracts and an 83% share. Offshore pipeline sub-segment witnessed five contracts, during the month.
Oil and gas pipeline contracts by region in August 2021
North America held the top position with 11 contracts and a 41% share during August 2021, followed by Europe and Africa with eight contracts (30%) and four contracts (15%), respectively.
Contracts by scope of work in pipeline segment during August 2021
During the month, the majority of contracts in the pipeline segment were awarded in the operations & maintenance with 15 contracts, followed by procurement and design & engineering with five contracts each.
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.