Oil and gas contracts in North America registered a decrease of 9% in November 2022 with 115 contracts, when compared with 126 contracts in the previous month, according to GlobalData’s oil and gas contracts database.
The activity marked a decrease of 14%, when compared with the last 12-month average of 133 contracts.
Contract award activity in North America during November 2022
Looking at contracts by country, the US led the activity in November 2022 with 102 contracts representing an 89% share of all the oil and gas contracts, followed by Canada with seven contracts and a 6% share and Trinidad and Tobago with three contracts and a 3% share. It saw a decrease of 13% over the previous month’s total of 117 contracts and a decrease of 14% when compared with the last 12 month-average 118 contracts in the US.
Based on 12-month moving average, the US took the top spot with 121 contracts, followed by Canada and Mexico with seven and four contracts, respectively.
North America’s oil and gas contracts by segment in November 2022
Looking at oil and gas contracts by segment in North America, upstream segment contributed the most in terms of the contracts awarded, with 98 contracts in November 2022, followed by petrochemicals and midstream with seven and four contracts, respectively.
Contracts by scope of work in North America during November 2022
During November 2022, the majority of the contracts awarded were in the operations & maintenance space with 89 contracts, followed by procurement and design & engineering with 16 and 14 contracts, respectively.
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.