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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'The oil and gas industry has demonstrated resilience,' GlobalData said.
Global oil and gas contract value rose marginally in Q4 2023 driven by Middle East contracts
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.
National Marine Dredging Company (NMDC), a leading Abu Dhabi-based EPC company, said it has secured a $137 million contract from Abu Dhabi National Oil Company (Adnoc) for construction of an artificial island at Al Nouf located west of Abu Dhabi city.
Saipem announced that it has been awarded two offshore contracts worth approximately $1.9 billion.