Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 4% in February 2022 with a total of 24 contracts, when compared with the previous month’s total of 25 contracts, according to GlobalData’s oil and gas contracts database.
A total of 24 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 32 contracts.
In February 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 23 contracts and an 88% share. Offshore pipeline sub-segment witnessed three contracts, during the month.
Oil and gas pipeline contracts by region in February 2022
Europe held the top position with eight contracts and a 33% share during February 2022, followed by North America and Asia-Pacific with six contracts (25%) and five contracts (21%), respectively.
Contracts by scope of work in pipeline segment during February 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with 12 contracts, followed by design & engineering and construction with eight and seven contracts, respectively.
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.