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November 12, 2021

Contract activities in petrochemicals segment in North America down 75% in October 2021

By Carmen

The petrochemicals segment contracts in North America registered a decrease of 75% with one contract in October 2021, when compared with the previous month’s total of four 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 two contracts.



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

In October 2021, the US held one contract and a 100% share of the petrochemicals oil and gas contracts in North America. It saw a decrease of 75% over the previous month’s total of four contracts and a decrease of 50% 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 held with two contracts.

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

During the month, the majority of petrochemicals segment contracts awarded in the North America were in the design & engineering 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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