Contracts in the pipeline segment in the oil and gas industry registered an increase in activity by 5% in August 2022 with a total of 20 contracts, when compared with the previous month’s total of 19 contracts, according to GlobalData’s oil and gas contracts database.
A total of 20 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 36 contracts.
In August 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 15 contracts and a 58% share. Offshore pipeline sub-segment witnessed 11 contracts, during the month.
Oil and gas pipeline contracts by region in August 2022
Europe held the top position with eight contracts and a 40% share during August 2022, followed by Asia-Pacific and North America with five contracts (25%) and four contracts (20%), respectively.
Contracts by scope of work in pipeline segment during August 2022
During the month, the majority of contracts in the pipeline segment were awarded in the operations & maintenance with eight contracts, followed by procurement and construction with seven 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.