Contracts in the pipeline segment in the oil and gas industry registered an increase in activity by 129% in January 2022 with a total of 16 contracts, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.
A total of 16 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 30 contracts.
In January 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 10 contracts and a 50% share. Offshore pipeline sub-segment witnessed 10 contracts, during the month.
Oil and gas pipeline contracts by region in January 2022
Europe held the top position with seven contracts and a 44% share during January 2022, followed by Asia-Pacific and Middle East with four contracts (25%) and three contracts (19%), respectively.
Contracts by scope of work in pipeline segment during January 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with nine contracts, followed by design & engineering and construction with five and four 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.