The midstream segment contracts in North America registered a decrease of 65% with 29 contracts in Q3 2022, when compared with the previous quarter’s total of 82 contracts, according to GlobalData ’s oil and gas contracts database.

A total of 29 contracts were registered in the midstream segment of North America during the quarter, when compared with the last four-quarter moving average of 69 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 371 contracts in Q3 2022, followed by midstream and downstream segments with 29 and seven contracts, respectively.


Contract award activity in North America’s midstream segment during Q3 2022

Looking at the total oil and gas contracts by country in the midstream segment of North America, the US led the activity in Q3 2022 with 19 contracts and a 66% share. It saw a decrease of 72% over the previous quarter’s total of 67 contracts and a decrease of 65% when compared with the last four-quarter-average of 54 contracts in the US.

In second place was Mexico with four contracts and a 14% share, followed by Canada with three contracts and a 10% share.

Based on five-quarter moving average of the contracts in the midstream segment of North America, the US took the top spot with 47 contracts, followed by Canada and Bermuda with seven and three contracts, respectively.

Contracts by scope of work in North America’s midstream segment during Q3 2022

During the quarter, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance with 12 contracts, followed by procurement and installation with 10 and six 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.