Oil and Gas Industry Contracts Review by Sector, Region, Terrain, Planned and Awarded Contracts and Top Contractors and Issuers, Q1 2024
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Oil and Gas Industry Contracts Report Overview
The oil and gas industry reported more than 1,140 contracts during Q1 2024. The oil and gas industry contracts review report provides a count of the industry contracts by region, including a sector-wise update of Q1 2024. The report also discusses the terrain and scope types found in the industry along with the key contractors & issuers making the oil and gas industry contracts.
Key Sectors | · Upstream
· Midstream · Downstream/Petrochemical |
Key Regions | · Europe
· North America · Asia · Middle East · South America · Africa · Oceania |
Key Scope | · Operations & Maintenance (O&M)
· Procurement · Multiple · Design & Engineering · Construction and Installation · Asset Retirement |
Key Contractors | · HD Hyundai
· Samsung Heavy Industries · Tecnicas Reunidas and Sinopec Engineering · Hanwha Corp · Larsen and Toubro |
Key Issuers | · Saudi Aramco
· BP · Petrobras · TotalEnergies · Sonatrach |
Key Terrains | · Offshore
· Onshore · Onshore/Offshore |
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Oil and Gas Industry Contracts Segmentation by Sectors
The key sectors in the oil and gas industry contracts are upstream, midstream, and downstream/petrochemical. The upstream sector dominated the industry contracts landscape in Q1 2024.
Oil and Gas Industry Contracts Analysis by Sectors, Q1 2024 (%)
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Oil and Gas Industry Contracts Segmentation by Regions
The key regions with oil and gas industry contracts are Europe, North America, Asia, the Middle East, South America, Africa, and Oceania. Europe recorded most of the contracts in Q1 2024, followed by North America.
Oil and Gas Industry Contracts Analysis by Regions, Q1 2024 (%)
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Oil and Gas Industry Contracts Segmentation by Scope
The key scope for oil and gas industry contracts are operations & maintenance (O&M), procurement, multiple, design & engineering, construction and installation, and asset retirement. In Q1 2024, operations & maintenance (O&M) recorded the maximum number of contracts. The O&M scope is primarily dominated by upstream sector contracts, with a significant focus on chartering jack-up rigs, onshore rigs, drillships, and support vessels.
Oil and Gas Industry Contracts Analysis by Scope, Q1 2024 (%)
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Oil and Gas Industry Contracts - Contractors & Issuers
The primary contractors associated with the oil and gas industry are HD Hyundai, Samsung Heavy Industries, Tecnicas Reunidas and Sinopec Engineering, Hanwha Corp, and Larsen and Toubro. In Q1 2024, HD Hyundai accounted for the highest share of the oil and gas industry contracts landscape in terms of value.
The key issuers associated with oil and gas industry contracts are Saudi Aramco, BP, Petrobras, TotalEnergies, and Sonatrach. Saudi Aramco was the top oil and gas industry contracts issuer in Q1 2024.
Oil and Gas Industry Contracts Analysis by Contractors, Q1 2024 (%)
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Oil and Gas Industry Contracts Segmentation by Terrains
The key terrains associated with oil and gas industry contracts are offshore, onshore, and onshore/offshore. In Q1 2024, offshore terrains accounted for the market’s highest share in the oil and gas industry contracts landscape. The upstream and midstream sectors maintained the balance between onshore and offshore contracts during the quarter.
Oil and Gas Industry Contracts Analysis by Terrains, Q1 2024 (%)
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Segments Covered in the Report
Oil and Gas Industry Contracts Sectors Outlook (Q1 2024)
- Upstream
- Midstream
- Downstream/Petrochemical
Oil and Gas Industry Contracts Regional Outlook (Q1 2024)
- Europe
- North America
- Asia
- Middle East
- South America
- Africa
- Oceania
Oil and Gas Industry Contracts Scope Outlook (Q1 2024)
- Operations & Maintenance (O&M)
- Procurement
- Multiple
- Design & Engineering
- Construction and Installation
- Asset Retirement
Oil and Gas Industry Contracts Terrain Outlook (Q1 2024)
- Offshore
- Onshore
- Onshore/Offshore
Scope
The report provides:
- Analysis of oil and gas contracts in the global arena.
- Review of contracts in the upstream sector – exploration and production; midstream sector – pipeline, transportation, storage, and processing; and downstream refining and marketing, and petrochemical sector.
- Information on the top awarded contracts by sector that took place in the oil and gas industry.
- Geographies including North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
- Summary of top contractors in the oil and gas industry over the past 12 months subdivided by the sectors.
- Summary of top issuers in the oil and gas industry over the past 12 months subdivided by the sectors.
Reasons to Buy
- Enhance your decision-making capability in a more rapid and time-sensitive manner.
- Find out the major contracts-focused sectors for investments in your industry.
- Understand the contract activity in the oil and gas industry.
- Evaluate the type of services offered by key contractors.
- Identify growth sectors and regions wherein contract opportunities are more lucrative.
- Look for key contractors/issuers if you are looking to award a contract or interested in contracts activity within the oil and gas industry.
Table of Contents
Figures
Frequently asked questions
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Which was the leading sector among oil and gas industry contracts in Q1 2024?
The upstream sector dominated the oil and gas industry contracts landscape in Q1 2024.
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Which was the region with the leading number of oil and gas industry contracts in Q1 2024?
Europe was the leading region globally with the highest number of oil and gas industry contracts in Q1 2024.
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Which was the leading terrain associated with oil and gas industry contracts in Q1 2024?
In Q1 2024, the majority of the oil and gas industry contracts were awarded to offshore terrain.
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Which are the key contractors associated with the oil and gas industry?
The primary contractors associated with the oil and gas industry are HD Hyundai, Samsung Heavy Industries, Tecnicas Reunidas and Sinopec Engineering, Hanwha Corp, and Larsen and Toubro.
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Which are the key issuers associated with oil and gas industry contracts?
The key issuers associated with oil and gas industry contracts are Saudi Aramco, BP, Petrobras, TotalEnergies, and Sonatrach.
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