The downstream segment contracts in Europe registered an increase of 25% with five contracts in October 2022, when compared with the previous month’s total of four contracts, according to GlobalData’s oil and gas contracts database.
A total of five contracts were registered in the downstream segment of Europe during the month, when compared with the last 12-month moving average of eight contracts.
In terms of the number of contracts in Europe, the upstream segment contributed the most with 138 contracts in October 2022, followed by midstream and downstream segments with 22 and five contracts, respectively.
Contract award activity in Europe’s downstream segment during October 2022
In October 2022, Germany led the activity with two contracts and a 40% share of the downstream oil and gas contracts in Europe. It saw an increase of 100% over the previous month’s total of one contract and an increase of 100% when compared with the last 12 month-average of one contract in Germany, followed by Russia and Spain with one contract 20% share each.
Based on 12-month moving average of the contracts in the downstream segment of Europe, Russia took the top spot with two contracts, followed by Germany and Sweden with one contract each.
Contracts by scope of work in Europe’s downstream segment during October 2022
During the month, the majority of downstream segment contracts awarded in the Europe were in the procurement with five contracts, followed by design & engineering with one contract.
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.