The petrochemicals segment contracts in North America registered an increase of 150% with five contracts in Q3 2022, when compared with the previous quarter’s total of two contracts, according to GlobalData ’s oil and gas contracts database.
A total of five contracts were registered in the petrochemicals segment of North America during the quarter, when compared with the last four-quarter moving average of six contracts.
Contract award activity in North America’s petrochemicals segment during Q3 2022
Looking at the total oil and gas contracts by country in the petrochemicals segment of North America, the US held five contracts and a 100% share in Q3 2022. It saw an increase of 400% over the previous quarter’s total of one contract and a flat growth when compared with the last four-quarter-average of five contracts in the US.
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 Q3 2022
During the quarter, the majority of petrochemicals segment contracts awarded in the North America were in the procurement with three contracts, followed by design & engineering and installation with two and one contract, respectively.
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.