World oil and fuel contracts recorded a quarter-on-quarter rise in complete disclosed worth, with $40.94bn recorded within the second quarter (Q2) of 2025 in comparison with $33.89bn in Q1 2025.
Nevertheless, the variety of contracts reported decreased marginally from 1,558 in Q1 2025 to 1,529 in Q2 2025.
The report reveals that Africa witnessed a contract surge in Utilized Oil Know-how viscosity discount programs to modernise crude oil transport pipeline infrastructure.
The high-value contracts by Wooden Group, QS Power, ADNOC Drilling, and China Petroleum Engineering supplied a lift to total contract exercise, although the numbers decreased marginally.
These notable contracts, awarded throughout Q2 2025, are primarily high-value midstream section contracts, together with John Wooden Group’s $2.8bn contract from Gasoline to offer engineering, procurement, and building administration providers for substantial upgrades and debottlenecking options to the present Habshan and Habshan 5 fuel processing mega-complexes and pipelines within the United Arab Emirates.
QS Power’s $2bn framework settlement with VIPS Petroleum for the availability of as much as 400 items of Utilized Oil Know-how viscosity discount programs to modernise crude oil transport pipeline infrastructure throughout Southeast Asia and Africa, and China Petroleum Engineering’s $1.6bn contract from TotalEnergies for the engineering, procurement, provide, building, and commissioning of a pure fuel processing facility with capability of 320 million customary cubic toes of fuel a day serving the Ratawi oil discipline in Al-Basrah, Iraq.
Operation and upkeep (O&M) represented 48 per cent of the full contracts in Q2 2025, adopted by procurement scope with 30 per cent and contracts with a number of scopes, equivalent to building, design and engineering, set up, O&M, and procurement, which accounted for 10 per cent.
The upstream sector reported 1,085 contracts throughout Q2 2025, adopted by the downstream/petrochemical and midstream sectors, which had 274 and 194 contracts, respectively.
Asia recorded a lot of the contracts, with 661 contracts in Q2 2025, adopted by Europe and North America with 329 and 305 contracts, respectively, through the quarter.
