The midstream segment contracts in North America registered a decrease of 43% with four contracts in November 2022, when compared with the previous month’s total of seven contracts, according to GlobalData’s oil and gas contracts database.
A total of four 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 98 contracts in November 2022, followed by petrochemicals and midstream segments with seven and four contracts, respectively.
Contract award activity in North America’s midstream segment during November 2022
In November 2022, Canada led the activity with two contracts and a 50% share of the midstream oil and gas contracts in North America. It saw an increase of 200% over the previous month’s no contracts and a flat growth when compared with the last 12 month-average of two contracts in Canada, followed by Trinidad and Tobago and the US with one contract 25% 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 November 2022
During the month, the majority of midstream segment contracts awarded in the North America were in the construction and design & engineering with two contracts each, followed by procurement with two contracts.
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.