The downstream segment contracts in North America registered a decrease of 18% with 14 contracts in Q1 2022, when compared with the previous quarter’s total of 17 contracts, according to GlobalData’s oil and gas contracts database.
A total of 14 contracts were registered in the downstream segment of North America during the quarter, when compared with the last four-quarter moving average of 18 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 254 contracts in Q1 2022, followed by midstream and downstream segments with 40 and 14 contracts, respectively.
Contract award activity in North America’s downstream segment during Q1 2022
Looking at the total oil and gas contracts by country in the downstream segment of North America, the US led the activity in Q1 2022 with 11 contracts and a 79% share. It saw a decrease of 8% over the previous quarter’s total of 12 contracts and a decrease of 15% when compared with the last four-quarter-average of 13 contracts in the US.
In second place was Canada with two contracts and a 14% share.
Based on five-quarter moving average of the contracts in the downstream segment of North America, the US took the top spot with 12 contracts, followed by Canada and Mexico with two and one contract, respectively.
Contracts by scope of work in North America’s downstream segment during Q1 2022
During the quarter, the majority of downstream segment contracts awarded in the North America were in the design & engineering with 10 contracts, followed by procurement and construction with eight and four contracts, respectively.
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.