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September 29, 2021updated 06 Oct 2021 5:00pm

Contract activities in downstream segment in North America up 150% in Q2 2021

By Carmen

The downstream segment contracts in North America registered an increase of 150% with 20 contracts in Q2 2021, when compared with the previous quarter’s total of eight contracts, according to GlobalData’s oil and gas contracts database.

A total of 20 contracts were registered in the downstream segment of North America during the quarter, when compared with the last four-quarter moving average of 12 contracts.

 

In terms of the number of contracts in North America, the upstream segment contributed the most with 169 contracts in Q2 2021, followed by midstream and downstream segments with 74 and 20 contracts, respectively.

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Contract award activity in North America’s downstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the downstream segment of North America, the US led the activity in Q2 2021 with 12 contracts and a 60% share. It saw an increase of 100% over the previous quarter’s total of six contracts and an increase of 50% when compared with the last four-quarter-average of eight contracts in the US.

In second place was Canada with five contracts and a 25% share, followed by Mexico with two contracts and a 10% share.

Based on five-quarter moving average of the contracts in the downstream segment of North America, the US took the top spot with nine contracts.

Contracts by scope of work in North America’s downstream segment during Q2 2021

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 with eight contracts.

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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