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February 11, 2022

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

By Carmen

The petrochemicals segment contracts in North America registered a decrease of 50% with one contract in January 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 January 2022

In January 2022, the US held one contract 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 no contracts and a decrease of 50% when compared with the last 12 month-average of two contracts in the US.

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

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

During the month, the majority of petrochemicals segment contracts awarded in the North America were in the construction 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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