The downstream segment contracts in North America registered a decrease of 50% with seven contracts in Q3 2022, when compared with the previous quarter’s total of 14 contracts, according to GlobalData ’s oil and gas contracts database.
A total of seven contracts were registered in the downstream segment of North America during the quarter, when compared with the last four-quarter moving average of 20 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 371 contracts in Q3 2022, followed by midstream and downstream segments with 29 and seven contracts, respectively.
Contract award activity in North America’s downstream segment during Q3 2022
Looking at the total oil and gas contracts by country in the downstream segment of North America, the US led the activity in Q3 2022 with five contracts and a 71% share. It saw a decrease of 44% over the previous quarter’s total of nine contracts and a decrease of 67% when compared with the last four-quarter-average of 15 contracts in the US, followed by Canada and Mexico with one contract 14% share each.
Based on five-quarter moving average of the contracts in the downstream segment of North America, the US took the top spot with 13 contracts, followed by Canada and Mexico with two contracts each.
Contracts by scope of work in North America’s downstream segment during Q3 2022
During the quarter, the majority of downstream segment contracts awarded in the North America were in the procurement with five contracts, followed by design & engineering and operations & maintenance with two and one contract, 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.