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  1. Market Data
July 14, 2022

Pipeline oil and gas contracts down 44% in June 2022

By Carmen

Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 44% in June 2022 with a total of 19 contracts, when compared with the previous month’s total of 34 contracts, according to GlobalData’s oil and gas contracts database.

A total of 19 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 36 contracts.


In June 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 17 contracts and an 81% share. Offshore pipeline sub-segment witnessed four contracts, during the month.


Oil and gas pipeline contracts by region in June 2022

Asia-Pacific held the top position with seven contracts and a 37% share during June 2022, followed by Europe and Middle East with five contracts (26%) and four contracts (21%), respectively.

Contracts by scope of work in pipeline segment during June 2022

During the month, the majority of contracts in the pipeline segment were awarded in the procurement with 11 contracts, followed by design & engineering and operations & maintenance with six and five contracts, respectively.

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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