Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 37% in October 2022 with a total of 19 contracts, when compared with the previous month’s total of 30 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 37 contracts.
In October 2022, the majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 16 contracts and a 67% share. Offshore pipeline sub-segment witnessed eight contracts, during the month.
Oil and gas pipeline contracts by region in October 2022
Middle East held the top position with seven contracts and a 37% share during October 2022, followed by Asia-Pacific and Europe with six contracts (32%) and four contracts (21%), respectively.
Contracts by scope of work in pipeline segment during October 2022
During the month, the majority of contracts in the pipeline segment were awarded in the procurement with nine contracts, followed by operations & maintenance and design & engineering with seven and three 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.