The downstream segment contracts in North America registered a decrease of 71% with two contracts in March 2022, when compared with the previous month’s total of seven 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 March 2022
In March 2022, the US held two contracts and a 100% share of the downstream oil and gas contracts in North America. It saw a decrease of 67% over the previous month’s total of six contracts and a decrease of 60% when compared with the last 12 month-average of five 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 five contracts, followed by Canada and Mexico with one contract each.
Contracts by scope of work in North America’s downstream segment during March 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 installation and procurement 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.