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October 28, 2021

Oil and gas contracts in North America down 25% in September 2021

By Carmen

Oil and gas contracts in North America registered a decrease of 25% in September 2021 with 79 contracts, when compared with 106 contracts in the previous month, according to GlobalData’s oil and gas contracts database.

The activity marked a decrease of 11%, when compared with the last 12-month average of 89 contracts.


Contract award activity in North America during September 2021

Looking at contracts by country, the US led the activity in September 2021 with 65 contracts representing an 82% share of all the oil and gas contracts, followed by Canada with nine contracts and an 11% share and Mexico with four contracts and a 5% share. It saw a decrease of 31% over the previous month’s total of 94 contracts and a decrease of 14% when compared with the last 12 month-average 76 contracts in the US.

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Based on 12-month moving average, the US took the top spot with 76 contracts, followed by Canada and Mexico with seven and four contracts, respectively.


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

Looking at oil and gas contracts by segment in North America, upstream segment contributed the most in terms of the contracts awarded, with 61 contracts in September 2021, followed by downstream and midstream with six and five contracts, respectively.

Contracts by scope of work in North America during September 2021

During September 2021, the majority of the contracts awarded were in the operations & maintenance space with 52 contracts, followed by design & engineering and procurement with 17 and 16 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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