Global oil and gas contract value up 79% in 2019, says analyst
Global oil and gas contract value up 79% in 2019, says analyst
The global contract value in the oil and gas industry reached $42bn in the second quarter of 2019, up 79% from the $23.4bn recorded in the first quarter of this year, according to GlobalData.
The market intelligence firm also highlighted a decrease in the number of contracts over the first six months of the year, from 1,453 in its first quarter to 1,283 in the second.
The upstream sector accounted for 858 of these,...