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January 11, 2022

Pipeline oil and gas contracts down 59% in December 2021

By Carmen

Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 59% in December 2021 with a total of seven contracts, when compared with the previous month’s total of 17 contracts, according to GlobalData’s oil and gas contracts database.

A total of seven contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 31 contracts.


In December 2021, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with six contracts and a 75% share. Offshore pipeline sub-segment witnessed two contracts, during the month.


Oil and gas pipeline contracts by region in December 2021

North America held the top position with three contracts and a 43% share during December 2021, followed by Asia-Pacific and Europe with two contracts (29%) and one contract (14%), respectively.

Contracts by scope of work in pipeline segment during December 2021

During the month, the majority of contracts in the pipeline segment were awarded in the operations & maintenance and procurement with four contracts each, followed by construction with two contracts.

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.

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