Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 42% in November 2022 with a total of 11 contracts, when compared with the previous month’s total of 19 contracts, according to GlobalData’s oil and gas contracts database.
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A total of 11 contracts were recorded in the pipeline sector globally during the month, when compared with the last 12-month moving average of 36 contracts.
In November 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with nine contracts and a 56% share. Offshore pipeline sub-segment witnessed seven contracts, during the month.
Oil and gas pipeline contracts by region in November 2022
Asia-Pacific, Europe and Middle East held the top position with three contracts and a 27% share each during November 2022.
Contracts by scope of work in pipeline segment during November 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with five contracts, followed by operations & maintenance and construction with four and three 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.
