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March 21, 2022

Contract activities in petrochemicals segment in North America down 50% in February 2022

By Carmen

The petrochemicals segment contracts in North America registered a decrease of 50% with one contract in February 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.

A total of one contract 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 February 2022

In February 2022, Canada held one contract and a 100% share of the petrochemicals oil and gas contracts in North America.

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 February 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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