Contracts in the pipeline segment in the oil and gas industry registered a decrease in activity by 35% in Q3 2022 with a total of 78 contracts, when compared with the previous quarter’s total of 120 contracts, according to GlobalData ’s oil and gas contracts database.
A total of 78 contracts were recorded in the pipeline sector globally during the quarter, when compared with the last four-quarter moving average of 113 contracts.
The majority of contracts in the pipeline segment were in the onshore pipeline sub-segment with 64 contracts and a 70% share in Q3 2022. Offshore pipeline sub-segment witnessed 28 contracts, during the quarter.
Oil and gas pipeline contracts by region in Q3 2022
Asia-Pacific and Europe held the top position with 22 contracts and a 28% share each during Q3 2022, followed by North America with 19 contracts (24%).
Contracts by scope of work in pipeline segment during Q3 2022
During the quarter, the majority of contracts in the pipeline segment were awarded in the procurement with 34 contracts, followed by operations & maintenance and construction with 24 and 19 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.