The oil and gas industry awarded contracts worth nearly 55 billion U.S. dollars in the second quarter of 2024. This was the highest quarterly value since the second quarter of 2023, despite an overall decrease in the number of contracts awarded. Contracts include primarily arrangements around the procurement, operation, and maintenance of drilling equipment.
Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024
(in billion U.S. dollars)
Characteristic
Value of disclosed contracts in billion U.S. dollars
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GlobalData. (August 14, 2024). Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. "Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024 (in billion U.S. dollars)." Chart. August 14, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. (2024). Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData. "Value of Oil and Gas Industry Contracts Awarded Worldwide from 1st Quarter 2022 to 2nd Quarter 2024 (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Aug 2024, https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
GlobalData, Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/ (last visited November 20, 2024)
Value of oil and gas industry contracts awarded worldwide from 1st quarter 2022 to 2nd quarter 2024 (in billion U.S. dollars) [Graph], GlobalData, August 14, 2024. [Online]. Available: https://www.statista.com/statistics/1454836/value-of-oil-and-gas-contracts-awarded-worldwide/
Oil industry in the U.S.
