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October 2, 2021updated 04 Oct 2021 6:16am

Pipeline oil and gas contracts down 3% in Q2 2021

By Carmen

Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 3% in Q2 2021 with a total of 93 contracts, when compared with the previous quarter’s total of 96 contracts, according to GlobalData’s oil and gas contracts database.

A total of 93 contracts were recorded in the pipeline sector globally during the quarter, when compared with the last four-quarter moving average of 106 contracts.

 

The majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 86 contracts and an 89% share in Q2 2021. Offshore pipeline sub-segment witnessed 11 contracts, during the quarter.

 

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Oil and gas pipeline contracts by region in Q2 2021

North America held the top position with 50 contracts and a 54% share during Q2 2021, followed by Europe and Asia-Pacific with 18 contracts (19%) and 16 contracts (17%), respectively.

Contracts by scope of work in pipeline segment during Q2 2021

During the quarter, the majority of contracts in the pipeline segment were awarded in the operations & maintenance with 42 contracts, followed by installation and construction with 28 and 26 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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