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Oil And Gas Industry Shows Resilience Amid 16% QoQ Decline In Overall Contract Volume During Q4 2023, Reveals GlobalData

Oil And Gas Industry Shows Resilience Amid 16% QoQ Decline In Overall Contract Volume During Q4 2023, Reveals GlobalData
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GlobalData Reveals Overall Oil and Gas Contract Value and Volume in Q4

The oil and gas industry has demonstrated resilience, GlobalData said.

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Middle East contracts drive increase in global oil and gas contract value in Q4 2023

Global oil and gas contract value rose marginally in Q4 2023 driven by Middle East contracts

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Oil and gas industry shows resilience amid 16% QoQ decline in overall contract volume during Q4 2023, reveals GlobalData

Oil and gas industry shows resilience amid 16% QoQ decline in overall contract volume during Q4 2023, reveals GlobalData
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Al jubailAsh sharqiyahSaudi arabiaGhasha developmentGhasha development project in abu dhabiGas industry contracts reviewAwarded contractsTop contractorsGas analystGhasha development projectAbu dhabi

Oil and gas contract volume falls in Q4 2023

Global oil and gas contracts activity witnessed a decline of 16% in the number of contracts, from 1,401 in the third quarter (Q3) of 2023 to 1,172 in Q4 2023.

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