{"id":10787,"date":"2021-08-23T15:18:08","date_gmt":"2021-08-23T15:18:08","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=10787"},"modified":"2021-08-23T15:18:08","modified_gmt":"2021-08-23T15:18:08","slug":"global-oil-gas-contracts-activity-in-q2-2021-declined-by-7-globaldata","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-contracts-activity-in-q2-2021-declined-by-7-globaldata\/","title":{"rendered":"Global Oil & Gas Contracts Activity in Q2 2021 Declined by 7% – GlobalData"},"content":{"rendered":"

Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a seven percent decrease in the number of contracts and a significant decrease in disclosed contract value in Q2 2021, according to GlobalData, a leading data and analytics company.<\/p>\n

The latest report by GlobalData,\u00a0‘Q2 2021 Global Oil & Gas Industry Contracts Review<\/u>‘, notes that the number of oil and gas contracts declined from 1,453 in Q1 2021 to 1,353 contracts in Q2 2021. The value of these contracts also decreased to $27.6bn in Q2 from US$46.4bn in Q1, wherein the significant difference maker was Chiyoda and Technip Energies’ US$12.2bn contract for North Field East LNG which was signed in Q1 2021.<\/p>\n

Pritam Kad, Oil & Gas Analyst at GlobalData, comments:<\/strong>\u00a0“The decline in the number of contracts in Q2 2021 looks temporary and will begin to recover, as the industry foresees an improvement in contracts activity with business outlook, crude oil prices and COVID-19 restrictions now easing.”<\/p>\n","protected":false},"excerpt":{"rendered":"

Oil and gas contract activity declined following the relatively stable activity in Q1 2021, with the industry recording a seven percent decrease in the number of contracts and a significant … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":7512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,11],"tags":[],"class_list":["post-10787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-top-news","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/02\/oil-rig.jpg?fit=650%2C433&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2NZ","jetpack-related-posts":[{"id":8809,"url":"https:\/\/www.oilnewskenya.com\/index.php\/global-oil-gas-industry-deals-total-28-01bn-in-q2-2020-fueled-by-africa-middle-east\/","url_meta":{"origin":10787,"position":0},"title":"Global Oil & Gas Industry Deals Total $28.01bn in Q2 2020 Fueled by Africa & Middle East","author":"","date":"August 11, 2020","format":false,"excerpt":"Total oil & gas industry deals for Q2 2020 worth $28.01bn were announced globally, according to GlobalData\u2019s deals database. The value marked an increase of 106.2% over the previous quarter and a drop of 68.1% when compared with the last four-quarter average of $87.85bn. In terms of number of deals,\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10319,"url":"https:\/\/www.oilnewskenya.com\/index.php\/middle-east-and-africas-oil-gas-industry-saw-a-drop-in-deal-activity-in-q1-2021\/","url_meta":{"origin":10787,"position":1},"title":"Middle East and Africa\u2019s Oil & Gas Industry Saw a Drop in Deal Activity in Q1 2021","author":"","date":"May 12, 2021","format":false,"excerpt":"Led by $2.59bn asset transaction with BP Exploration (Epsilon), Middle East and Africa\u2019s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData\u2019s deals database. A total of 27 deals worth $4.81bn were announced for\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/04\/Oil-Pump-Jack.jpg?fit=1024%2C630&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9545,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-midstream-operators-withdraw-investment-plans-amid-covid-19-turmoil\/","url_meta":{"origin":10787,"position":2},"title":"African Midstream Operators Withdraw Investment Plans Amid COVID-19 Turmoil","author":"","date":"December 14, 2020","format":false,"excerpt":"The COVID-19 pandemic and weak global economic outlook, coupled with fragile energy demand\u00a0has resulted in a decline in oil and gas prices. The all-pervasive nature of these circumstances has also impacted the African midstream sector, forcing several major midstream oil and gas operators to revisit their strategies and reduce capital\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/Pipelines.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1980,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenya-could-beat-mozambique-tanzania-for-upstream-investment-in-east-africa-globaldata-analyst\/","url_meta":{"origin":10787,"position":3},"title":"Kenya could beat Mozambique, Tanzania for Upstream Investment in East Africa – GlobalData Analyst","author":"Samuel Kamau Mbote","date":"October 30, 2014","format":false,"excerpt":"Kenya will need to focus on providing a competitive and stable fiscal environment if it is to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData. Reece Straker, GlobalData\u2019s Upstream Oil & Gas Analyst, states that\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/offshore-drilling-rig11.jpg?fit=800%2C649&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7988,"url":"https:\/\/www.oilnewskenya.com\/index.php\/guyana-mauritania-and-russia-led-global-resource-discoveries-in-2019-globaldata\/","url_meta":{"origin":10787,"position":4},"title":"Guyana, Mauritania and Russia led global resource discoveries in 2019 – GlobalData","author":"","date":"February 17, 2020","format":false,"excerpt":"In 2019, offshore discoveries accounted for more than 60% of global discoveries, up significantly on previous years, says GlobalData, a leading data, and analytics company. The company's report, \u00a0reveals that while Colombia and Norway saw the highest number of discoveries drilled in 2019, Guyana, Mauritania and Russia hosted the most\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/maersk_deliverer-2.jpg?fit=432%2C473&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":11285,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-gas-fired-thermal-generation-continues-to-dominate-power-mix-globaldata\/","url_meta":{"origin":10787,"position":5},"title":"NIGERIA: Gas-fired Thermal Generation Continues to Dominate Power Mix – GlobalData","author":"","date":"December 3, 2021","format":false,"excerpt":"Thermal power will continue to make up the majority of Nigeria\u2019s power mix in the next decade, rising from an 82.9% share in 2020 to 84.1% by 2030, according to GlobalData. The leading data and analytics company notes that the country\u2019s reliance on thermal power has meant renewable energy has\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=10787"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10787\/revisions"}],"predecessor-version":[{"id":10788,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/10787\/revisions\/10788"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/7512"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=10787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=10787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=10787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}