Home / Oil & Energy / Oil & Companies News / Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices, says GlobalData Global oil and gas contracts activity relatively stable in Q1 2021 with marginal improvement in crude oil prices, says GlobalData Oil and gas contract activity remained relatively stable in Q1 2021, with the industry recording a marginal decrease in the number of contracts and at the same time an increase in disclosed contract value, according to GlobalData, a leading data and analytics company. The latest report by GlobalData, ‘Q1 2021 Global Oil & Gas Industry Contracts Review’, notes that the number of oil and gas contracts declined while value increased with 1,330 in Q4 2020, with a value of $25.5bn, as compared to 1,282 in Q1 2021, totalling $29.3bn.