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December 14, 2021

Contract activities in downstream segment in North America up 20% in November 2021

By Carmen

The downstream segment contracts in North America registered an increase of 20% with six contracts in November 2021, when compared with the previous month’s total of five contracts, according to GlobalData’s oil and gas contracts database.

A total of six contracts were registered in the downstream segment of North America during the month, remained flat when compared with the last 12-month average contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 56 contracts in November 2021, followed by midstream and downstream segments with seven and six contracts, respectively.


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Contract award activity in North America’s downstream segment during November 2021

In November 2021, the US led the activity with three contracts and a 50% share of the downstream oil and gas contracts in North America. It saw a decrease of 40% over the previous month’s total of five contracts and a decrease of 25% when compared with the last 12 month-average of four contracts in the US.

In second place was Mexico with two contracts and a 33% share, followed by Canada with one contract and a 17% share.

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 November 2021

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

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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