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September 29, 2021updated 05 Oct 2021 1:57pm

Contract activities in midstream segment in North America down 36% in August 2021

By Carmen

The midstream segment contracts in North America registered a decrease of 36% with seven contracts in August 2021, when compared with the previous month’s total of 11 contracts, according to GlobalData’s oil and gas contracts database.

A total of seven contracts were registered in the midstream segment of North America during the month, when compared with the last 12-month moving average of 22 contracts.

 

In terms of the number of contracts in North America, the upstream segment contributed the most with 78 contracts in August 2021, followed by downstream and midstream segments with 11 and seven contracts, respectively.

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Contract award activity in North America’s midstream segment during August 2021

In August 2021, the US led the activity with four contracts and a 57% share of the midstream oil and gas contracts in North America. It saw a decrease of 20% over the previous month’s total of five contracts and a decrease of 76% when compared with the last 12 month-average of 17 contracts in the US.

In second place was Canada with three contracts and a 43% share.

Based on 12-month moving average of the contracts in the midstream segment of North America, the US took the top spot with 15 contracts, followed by Canada and Bermuda with three and one contract, respectively.

Contracts by scope of work in North America’s midstream segment during August 2021

During the month, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance with four contracts, followed by procurement with one contract.

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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