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September 15, 2022

Contract activities in petrochemicals segment in North America up in August 2022

By Carmen

The petrochemicals segment contracts in North America registered an increase with two contracts in August 2022, when compared with no contracts in the previous month, according to GlobalData’s oil and gas contracts database.

A total of two contracts were registered in the petrochemicals segment of North America during the month, remained flat when compared with the last 12-month average contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 126 contracts in August 2022, followed by midstream and petrochemicals segments with five and two contracts, respectively.


Contract award activity in North America’s petrochemicals segment during August 2022

In August 2022, the US held two contracts and a 100% share of the petrochemicals oil and gas contracts in North America. It saw an increase of 200% over the previous month’s no contracts and an increase of 100% when compared with the last 12 month-average of one contract in the US.

Based on 12-month moving average of the contracts in the petrochemicals segment of North America, the US held with one contract.

Contracts by scope of work in North America’s petrochemicals segment during August 2022

During the month, the majority of petrochemicals segment contracts awarded in the North America were in the construction and design & engineering with one contract each, followed by operations & maintenance with one contract.

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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