PLUS, now includes unlimited access to HeavyLiftPFI.com
Unlock our full project database
Oversize cargo transportation opportunities
Latest projects and analysis direct to your inbox
Key information for benchmarking and tracking trends
Market analysis for identifying business opportunities
Global oil and gas contract value remains stable
The global oil and gas industry experienced a 15 percent quarter-on-quarter decrease in the total number of contracts, from 1,596 in Q3 2024 to 1,353 in Q4 2024, said industry analyst GlobalData. Despite the dip in volume, the overall contract value remained stable, driven by the announcement of some major contracts in Africa.
Westwood optimistic on EARR gas basin
Mozambique and Tanzania, which house the East African Ruvuma-Rufiji (EARR) gas basin, are in a position to benefit from increasing global demand for LNG. However, the question remains as to when these countries can capitalise on their reserves.