The midstream segment contracts in North America registered an increase of 40% with 14 contracts in September 2022, when compared with the previous month’s total of 10 contracts, according to GlobalData ’s oil and gas contracts database.
A total of 14 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 114 contracts in September 2022, followed by midstream and downstream segments with 14 and four contracts, respectively.
Contract award activity in North America’s midstream segment during September 2022
In September 2022, the US led the activity with 10 contracts and a 71% share of the midstream oil and gas contracts in North America. It saw an increase of 25% over the previous month’s total of eight contracts and a decrease of 38% when compared with the last 12 month-average of 16 contracts in the US.
In second place was Mexico with three contracts and a 21% share, followed by Bermuda with one contract and a 7% share.
Based on 12-month moving average of the contracts in the midstream segment of North America, the US took the top spot with 16 contracts, followed by Canada and Bermuda with two and one contract, respectively.
Contracts by scope of work in North America’s midstream segment during September 2022
During the month, the majority of midstream segment contracts awarded in the North America were in the operations & maintenance and procurement with five contracts each, followed by installation with three 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.