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  1. Market Data
January 11, 2022

Contract activities in downstream segment in North America down 30% in Q4 2021

By Carmen

The downstream segment contracts in North America registered a decrease of 30% with 14 contracts in Q4 2021, when compared with the previous quarter’s total of 20 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 188 contracts in Q4 2021, followed by midstream and downstream segments with 52 and 14 contracts, respectively.


Contract award activity in North America’s downstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the downstream segment of North America, the US led the activity in Q4 2021 with nine contracts and a 64% share. It saw a decrease of 36% over the previous quarter’s total of 14 contracts and a decrease of 25% when compared with the last four-quarter-average of 12 contracts in the US.

In second place was Mexico with two contracts and a 14% share, followed by Canada with one contract and a 7% 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 contracts each.

Contracts by scope of work in North America’s downstream segment during Q4 2021

During the quarter, the majority of downstream segment contracts awarded in the North America were in the procurement with nine contracts, followed by design & engineering and construction with six and four contracts, 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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