The petrochemicals segment contracts in North America registered a decrease of 33% with two contracts in October 2022, 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, remained flat when compared with the last 12-month average contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 105 contracts in October 2022, followed by midstream and petrochemicals segments with seven and two contracts, respectively.
Contract award activity in North America’s petrochemicals segment during October 2022
In October 2022, the US held two contracts and a 100% share of the petrochemicals oil and gas contracts in North America. It saw a decrease of 33% over the previous month’s total of three contracts and an increase of 100% when compared with the last 12 month-average of one contract 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 October 2022
During the month, the majority of petrochemicals segment contracts awarded in the North America were in the design & engineering with two contracts, followed by operations & maintenance with one contract.
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.