View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
February 11, 2022

Contract activities in midstream segment in North America down 38% in January 2022

By Carmen

The midstream segment contracts in North America registered a decrease of 38% with eight contracts in January 2022, when compared with the previous month’s total of 13 contracts, according to GlobalData’s oil and gas contracts database.

A total of eight 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 89 contracts in January 2022, followed by midstream and downstream segments with eight and three contracts, respectively.


Contract award activity in North America’s midstream segment during January 2022

In January 2022, the US led the activity with six contracts and a 75% share of the midstream oil and gas contracts in North America. It saw an increase of 600% over the previous month’s no contracts and a decrease of 63% when compared with the last 12 month-average of 16 contracts in the US.

In second place was Bermuda with one contract and a 13% 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 two and one contract, respectively.

Contracts by scope of work in North America’s midstream segment during January 2022

During the month, the majority of midstream segment contracts awarded in the North America were in the design & engineering with five contracts, followed by procurement and construction with four 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology