Global oil and gas contracts saw a rise in total disclosed value in Q2 2025, reaching $40.94bn compared to $33.89bn in Q1. The number of contracts slightly decreased from 1,558 to 1,529. Notable contracts included Wood Group’s $2.8bn deal in the United Arab Emirates and QS Energy’s $2bn agreement in Southeast Asia and Africa. O&M represented 48% of total contracts, with the upstream sector leading with 1,085 contracts. Asia had the most contracts at 661, followed by Europe and North America. Find more details in GlobalData’s report “Oil and Gas Industry Contracts Review by Sector, Region, Terrain and Top Contractors and Issuers, Q2 2025.”

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