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  1. Market Data
April 13, 2022

Contract activities in petrochemicals segment in North America up 17% in Q1 2022

By Carmen

The petrochemicals segment contracts in North America registered an increase of 17% with seven contracts in Q1 2022, when compared with the previous quarter’s total of six contracts, according to GlobalData’s oil and gas contracts database.

A total of seven contracts were registered in the petrochemicals segment of North America during the quarter, when compared with the last four-quarter moving average of eight contracts.



Contract award activity in North America’s petrochemicals segment during Q1 2022

Looking at the total oil and gas contracts by country in the petrochemicals segment of North America, the US led the activity in Q1 2022 with six contracts and an 86% share. It saw an increase of 50% over the previous quarter’s total of four contracts and a flat growth when compared with the last four-quarter-average of six contracts in the US.

In second place was Canada with one contract and a 14% share.

Based on five-quarter moving average of the contracts in the petrochemicals segment of North America, the US took the top spot with six contracts, followed by Canada with one contract.

Contracts by scope of work in North America’s petrochemicals segment during Q1 2022

During the quarter, the majority of petrochemicals segment contracts awarded in the North America were in the design & engineering with four contracts, followed by construction and procurement with three 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.

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