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  1. Market Data
November 12, 2021

Oil and gas contracts in North America down 1% in October 2021

By Carmen

Oil and gas contracts in North America registered a decrease of 1% in October 2021 with 94 contracts, when compared with 95 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked an increase of 3%, when compared with the last 12-month average of 91 contracts.


Contract award activity in North America during October 2021

Looking at contracts by country, the US led the activity in October 2021 with 79 contracts representing an 84% share of all the oil and gas contracts, followed by Trinidad and Tobago with four contracts and a 4% share and Bermuda with three contracts and a 3% share. It saw an increase of 3% over the previous month’s total of 77 contracts and an increase of 3% when compared with the last 12 month-average 77 contracts in the US.

Based on 12-month moving average, the US took the top spot with 78 contracts, followed by Canada and Mexico with seven and four contracts, respectively.


North America’s oil and gas contracts by segment in October 2021

Looking at oil and gas contracts by segment in North America, upstream segment contributed the most in terms of the contracts awarded, with 69 contracts in October 2021, followed by midstream and downstream with 12 and five contracts, respectively.

Contracts by scope of work in North America during October 2021

During October 2021, the majority of the contracts awarded were in the operations & maintenance space with 67 contracts, followed by procurement and design & engineering with 17 contracts each.

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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