The midstream segment contracts in North America registered a decrease of 79% with seven contracts in November 2021, when compared with the previous month’s total of 33 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 21 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 56 contracts in November 2021, followed by midstream and downstream segments with seven and six contracts, respectively.
Contract award activity in North America’s midstream segment during November 2021
In November 2021, Bermuda led the activity with three contracts and a 43% share of the midstream oil and gas contracts in North America. It saw an increase of 50% over the previous month’s total of two contracts and an increase of 200% when compared with the last 12 month-average of one contract in Bermuda.
In second place was the US with two contracts and a 29% share, followed by Canada with one contract and a 14% 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 November 2021
During the month, the majority of midstream segment contracts awarded in the North America were in the design & engineering with three contracts, followed by installation and operations & maintenance with two contracts each.
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.