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November 12, 2021

Pipeline oil and gas contracts down 48% in October 2021

By Carmen

Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 48% in October 2021 with a total of 16 contracts, when compared with the previous month’s total of 31 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 31 contracts.


In October 2021, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 14 contracts and a 78% share. Offshore pipeline sub-segment witnessed four contracts, during the month.


Oil and gas pipeline contracts by region in October 2021

Europe held the top position with six contracts and a 38% share during October 2021, followed by Middle East and Asia-Pacific with four contracts and a (25%) share each.

Contracts by scope of work in pipeline segment during October 2021

During the month, the majority of contracts in the pipeline segment were awarded in the design & engineering with nine contracts, followed by procurement and operations & maintenance with seven 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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