The downstream segment contracts in North America registered a decrease of 50% with three contracts in December 2021, when compared with the previous month’s total of six contracts, according to GlobalData’s oil and gas contracts database.
A total of three contracts were registered in the downstream segment of North America during the month, when compared with the last 12-month moving average of six contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 63 contracts in December 2021, followed by midstream and downstream segments with 10 and three contracts, respectively.
Contract award activity in North America’s downstream segment during December 2021
In December 2021, the US led the activity with one contract and a 33% share of the downstream oil and gas contracts in North America. It saw a decrease of 67% over the previous month’s total of three contracts and a decrease of 75% when compared with the last 12 month-average of four contracts in the US.
Based on 12-month moving average of the contracts in the downstream segment of North America, the US took the top spot with four contracts, followed by Canada and Mexico with one contract each.
Contracts by scope of work in North America’s downstream segment during December 2021
During the month, the majority of downstream segment contracts awarded in the North America were in the procurement with two contracts, followed by construction and design & engineering with one contract each.
All publicly announced contracts are included in this analysis, which is drawn from GlobalData’s oil and gas contracts database that provides insights into awarded and expired contracts globally.
More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s oil and gas database.