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November 12, 2021

Contract activities in downstream segment in North America down 29% in October 2021

By Carmen

The downstream segment contracts in North America registered a decrease of 29% with five contracts in October 2021, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.

A total of five 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 69 contracts in October 2021, followed by midstream and downstream segments with 12 and five contracts, respectively.


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

In October 2021, the US held five contracts and a 100% share of the downstream oil and gas contracts in North America. It saw an increase of 25% over the previous month’s total of four contracts and an increase of 25% 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 with one contract.

Contracts by scope of work in North America’s downstream segment during October 2021

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