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March 21, 2022

Contract activities in downstream segment in North America down 33% in February 2022

By Carmen

The downstream segment contracts in North America registered a decrease of 33% with two contracts in February 2022, when compared with the previous month’s total of three contracts, according to GlobalData’s oil and gas contracts database.

A total of two 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.



Contract award activity in North America’s downstream segment during February 2022

In February 2022, Canada and the US led the activity with one contract and a 50% share each of the downstream oil and gas contracts in North America. It saw a flat growth over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of one contract in Canada.

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 February 2022

During the month, the majority of downstream segment contracts awarded in the North America were in the design & engineering with two contracts, followed by operations & maintenance and construction with one contract each.

Methodology

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.

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