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January 11, 2022

Contract activities in midstream segment in North America remain flat in Q4 2021

By Carmen

The midstream segment contracts in North America remained flat in Q4 2021, when compared with the previous quarter’s total of 52 contracts, according to GlobalData’s oil and gas contracts database.

A total of 52 contracts were registered in the midstream segment of North America during the quarter, when compared with the last four-quarter moving average of 59 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 188 contracts in Q4 2021, followed by midstream and downstream segments with 52 and 14 contracts, respectively.


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Contract award activity in North America’s midstream segment during Q4 2021

Looking at the total oil and gas contracts by country in the midstream segment of North America, the US led the activity in Q4 2021 with 32 contracts and a 62% share. It saw a decrease of 22% over the previous quarter’s total of 41 contracts and a decrease of 33% when compared with the last four-quarter-average of 48 contracts in the US.

In second place was Bermuda with six contracts and a 12% share, followed by Canada with five 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 44 contracts, followed by Canada and Bermuda with seven and three contracts, respectively.

Contracts by scope of work in North America’s midstream segment during Q4 2021

During the quarter, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance with 29 contracts, followed by construction and installation with 17 and 12 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.

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