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January 11, 2022

Contract activities in petrochemicals segment in North America down 33% in December 2021

By Carmen

The petrochemicals segment contracts in North America registered a decrease of 33% with two contracts in December 2021, when compared with the previous month’s total of three contracts, 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, when compared with the last 12-month moving average of three contracts.



Contract award activity in North America’s petrochemicals segment during December 2021

In December 2021, the US held two contracts and a 100% share of the petrochemicals oil and gas contracts in North America. It saw an increase of 100% over the previous month’s total of one contract and a flat growth when compared with the last 12 month-average of two contracts in the US.

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Based on 12-month moving average of the contracts in the petrochemicals segment of North America, the US took the top spot with two contracts, followed by Canada with one contract.

Contracts by scope of work in North America’s petrochemicals segment during December 2021

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

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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