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December 14, 2021

Pipeline oil and gas contracts down 54% in November 2021

By Carmen

Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 54% in November 2021 with a total of 17 contracts, when compared with the previous month’s total of 37 contracts, according to GlobalData’s oil and gas contracts database.

A total of 17 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 31 contracts.


In November 2021, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 15 contracts and a 68% share. Offshore pipeline sub-segment witnessed seven contracts, during the month.


Oil and gas pipeline contracts by region in November 2021

Europe held the top position with six contracts and a 35% share during November 2021, followed by Middle East and Asia-Pacific with five contracts (29%) and four contracts (24%), respectively.

Contracts by scope of work in pipeline segment during November 2021

During the month, the majority of contracts in the pipeline segment were awarded in the procurement with seven contracts, followed by design & engineering and installation with six and four 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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