View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
July 14, 2022

Oil and gas contracts in North America up 20% in June 2022

By Carmen

Oil and gas contracts in North America registered an increase of 20% in June 2022 with 137 contracts, when compared with 114 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 19%, when compared with the last 12-month average of 115 contracts.


Contract award activity in North America during June 2022

Looking at contracts by country, the US led the activity in June 2022 with 125 contracts representing a 91% share of all the oil and gas contracts, followed by Canada with five contracts and a 4% share and Mexico with three contracts and a 2% share. It saw an increase of 17% over the previous month’s total of 107 contracts and an increase of 26% when compared with the last 12 month-average 99 contracts in the US.

Based on 12-month moving average, the US took the top spot with 100 contracts, followed by Canada and Mexico with eight and four contracts, respectively.


North America’s oil and gas contracts by segment in June 2022

Looking at oil and gas contracts by segment in North America, upstream segment contributed the most in terms of the contracts awarded, with 124 contracts in June 2022, followed by midstream and downstream with nine and three contracts, respectively.

Contracts by scope of work in North America during June 2022

During June 2022, the majority of the contracts awarded were in the operations & maintenance space with 114 contracts, followed by design & engineering and procurement with 14 and 11 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology