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September 29, 2021updated 06 Oct 2021 4:40pm

Contract activities in midstream segment in North America up 25% in Q2 2021

By Carmen

The midstream segment contracts in North America registered an increase of 25% with 74 contracts in Q2 2021, when compared with the previous quarter’s total of 59 contracts, according to GlobalData’s oil and gas contracts database.

A total of 74 contracts were registered in the midstream segment of North America during the quarter, when compared with the last four-quarter moving average of 76 contracts.

 

In terms of the number of contracts in North America, the upstream segment contributed the most with 169 contracts in Q2 2021, followed by midstream and downstream segments with 74 and 20 contracts, respectively.

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Contract award activity in North America’s midstream segment during Q2 2021

Looking at the total oil and gas contracts by country in the midstream segment of North America, the US led the activity in Q2 2021 with 60 contracts and an 81% share. It saw an increase of 20% over the previous quarter’s total of 50 contracts and a flat growth when compared with the last four-quarter-average of 60 contracts in the US.

In second place was Canada with 11 contracts and a 15% share, followed by Bermuda with three contracts and a 4% share.

Based on five-quarter moving average of the contracts in the midstream segment of North America, the US took the top spot with 60 contracts, followed by Canada and Bermuda with 12 and two contracts, respectively.

Contracts by scope of work in North America’s midstream segment during Q2 2021

During the quarter, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance with 38 contracts, followed by construction with 21 contracts.

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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