The petrochemicals segment contracts in North America registered an increase of 250% with seven contracts in November 2022, when compared with the previous month’s total of two contracts, according to GlobalData’s oil and gas contracts database.
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A total of seven contracts were registered in the petrochemicals segment of North America during the month, when compared with the last 12-month moving average of two contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 98 contracts in November 2022, followed by petrochemicals and midstream segments with seven and four contracts, respectively.
Contract award activity in North America’s petrochemicals segment during November 2022
In November 2022, the US led the activity with six contracts and an 86% share of the petrochemicals oil and gas contracts in North America. It saw an increase of 200% over the previous month’s total of two contracts and an increase of 200% when compared with the last 12 month-average of two contracts in the US.
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By GlobalDataIn second place was Canada with one contract and a 14% share.
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 November 2022
During the month, the majority of petrochemicals segment contracts awarded in the North America were in the construction with five contracts, followed by design & engineering and procurement with four contracts each.
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.
