GlobalData Reports Decline in Contract Volume for Oil and Gas Sector
Oil, Gas Sector Sees Dip in Contract Volume, GlobalData Reveals The global oil and gas industry experienced a 15 percent quarter on quarter decrease in total contracts, GlobalData noted in a release sent to Rigzone recently. The company outlined in the release that this figure dropped from 1,596 in the third quarter of last year […]
Oil and Gas Contract Value Stays Strong Despite Volume Decrease in Q4 2024
Oil and gas contract value remains robust despite volume decline in Q4 2024 Global oil and gas contract activity experienced a 15% quarter-on-quarter decrease in the total number of contracts, from 1,596 in the third quarter (Q3) of 2024 to 1,353 in Q4 2024. Despite this dip in volume, the overall contract value saw strong […]
Kuva Systems Secures $5 Million Contract from DOE for Emissions Technology
Kuva Systems wins $5M DOE contract for emissions tech Work continues on advancing the technology needed to monitor for and repair emissions leaks in oil and gas facilities. Much of that work is supported by the government, which has just awarded a $5 million contract to Kuva Systems under the U.S. Department of Energy’s Methane […]
Indonesia Signs Contract for Central Andaman Block
Indonesia inks Central Andaman block contract Indonesia’s Ministry of Energy has confirmed the signing of a contract with units of Harbour Energy and Mubadala Energy for the development of the Central Andaman oil and gas block, reported Reuters. This marks the first utilisation of a new gross split scheme, simplifying the contracting process for energy […]
GlobalData Reports Decline in Global Oil and Gas Contract Activity
Global Oil, Gas Contract Activity Sees Decrease, GlobalData Says Global oil and gas contract activity saw a 35 percent quarter on quarter decrease in total disclosed value, from $55.3 billion in the second quarter to $35.7 billion in the third quarter. That’s what GlobalData stated in a release sent to Rigzone recently, adding that, “despite […]
Global Oil and Gas Contract Values Drop in Q3 2024
Global oil and gas contract value declines in 3Q24 The global oil and gas contract activity saw a 35% quarter-on-quarter decrease in total disclosed value from US$55.3 billion in 2Q24 to US$35.7 billion in 3Q24. Despite this, steady contract volumes, particularly in the Middle East, were driven by substantial projects such as Saipem’s US$4 billion […]