The midstream segment contracts in North America registered a decrease of 33% with eight contracts in May 2022, when compared with the previous month’s total of 12 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 21 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 80 contracts in May 2022, followed by midstream and downstream segments with eight and six contracts, respectively.
Contract award activity in North America’s midstream segment during May 2022
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In May 2022, the US led the activity with four contracts and a 50% 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 75% when compared with the last 12 month-average of 16 contracts in the US.
In second place was Canada with three contracts and a 38% 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 May 2022
During the month, the majority of midstream segment contracts awarded in the North America were in the procurement with six contracts, followed by design & engineering and installation with four and three contracts, 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.