Oil and gas companies are making moves into the UK energy market.

Thermal technology contracts activity in Q3 2022 saw 25 contracts announced, marking a drop of 67% over the last four-quarter average of 75, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the quarter, accounting for 14 contracts and a 56% share, followed by Coal with nine contracts and a 36% share. Oil stood in third place with two contracts and an 8% share.

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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during Q3 2022 with a 7.5% share.

The proportion of contracts by category in the Thermal technology tracked by GlobalData in the quarter was as follows:

  1. Project Implementation: 13 contracts and a 52% share
  2. Consulting & Similar Services: seven contracts and a 28% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 12% share
  4. Supply & Erection: two contracts and an 8% share.

Asia-Pacific leads thermal contracts activity in Q3 2022

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with 18 contracts and a share of 72% during Q3 2022, followed by Middle East and Africa with three contracts and a 12% share and North America with two contracts and an 8% share.

In fourth place was South and Central America with one contract and a 4% share and in fifth place was Europe with one contract and a 4% share.

Thermal technology contracts in Q3 2022: Top companies by capacity

The top issuers of contracts in Thermal technology for the quarter in terms of power capacity involved were:

  1. Shenzhen Energy Group (China): 1,800MW from one contract
  2. NTPC (India): 1,320MW from one contract
  3. Niger Delta Power Holding (Niger): 252MW capacity from one contract.

Thermal technology contracts in Q3 2022: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. TBEA (China): 2,020MW from two contracts
  2. Shandong Yijian Construction (China): 1,800MW from one contract
  3. China Energy Engineering (China): 1,672MW capacity from three contracts.

All publicly-announced contracts are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.