Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 29% in Q2 2022 with a total of 87 contracts, when compared with the previous quarter’s total of 123 contracts, according to GlobalData’s oil and gas contracts database.
A total of 87 contracts were recorded in the pipeline sector globally during the quarter, when compared with the last four-quarter moving average of 104 contracts.
The majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 78 contracts and an 82% share in Q2 2022. Offshore pipeline sub-segment witnessed 17 contracts, during the quarter.
Oil and gas pipeline contracts by region in Q2 2022
North America held the top position with 31 contracts and a 36% share during Q2 2022, followed by Europe and Asia-Pacific with 21 contracts (24%) and 17 contracts (20%), respectively.
Contracts by scope of work in pipeline segment during Q2 2022
During the quarter, the majority of contracts in the pipeline segment were awarded in the procurement with 38 contracts, followed by operations & maintenance and design & engineering with 29 and 14 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.