Contracts in the pipeline segment in the oil and gas industry registered an increase in activity by 26% in May 2022 with a total of 24 contracts, when compared with the previous month’s total of 19 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 33 contracts.
In May 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 20 contracts and an 80% share. Offshore pipeline sub-segment witnessed five contracts, during the month.
Oil and gas pipeline contracts by region in May 2022
Europe held the top position with seven contracts and a 29% share during May 2022, followed by Asia-Pacific and South America with five contracts (21%) and four contracts (17%), respectively.
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Contracts by scope of work in pipeline segment during May 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with 15 contracts, followed by operations & maintenance and design & engineering with six and five 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.