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  1. Market Data
July 14, 2022

Contract activities in petrochemicals segment in North America down 71% in Q2 2022

By Carmen

The petrochemicals segment contracts in North America registered a decrease of 71% with two contracts in Q2 2022, when compared with the previous quarter’s total of seven 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 quarter, when compared with the last four-quarter moving average of eight contracts.



Contract award activity in North America’s petrochemicals segment during Q2 2022

Looking at the total oil and gas contracts by country in the petrochemicals segment of North America, Canada and the US led the activity in Q2 2022 with one contract and a 50% share each. It saw a flat growth over the previous quarter’s total of one contract and a decrease of 50% when compared with the last four-quarter-average of two contracts in Canada.

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

Contracts by scope of work in North America’s petrochemicals segment during Q2 2022

During the quarter, the majority of petrochemicals segment contracts awarded in the North America were in the design & engineering and operations & maintenance with one contract 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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