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January 11, 2022

Contract activities in midstream segment in North America up 43% in December 2021

By Carmen

The midstream segment contracts in North America registered an increase of 43% with 10 contracts in December 2021, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.

A total of 10 contracts were registered in the midstream segment of North America during the month, when compared with the last 12-month moving average of 20 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 63 contracts in December 2021, followed by midstream and downstream segments with 10 and three contracts, respectively.


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

In December 2021, Canada led the activity with three contracts and a 30% share of the midstream oil and gas contracts in North America. It saw an increase of 200% over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of three contracts in Canada, followed by Mexico and the US with two contracts 20% share each.

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 two and one contract, respectively.

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

During the month, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance with six contracts, followed by construction and design & engineering with five and three 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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