The petrochemicals segment contracts in North America registered a decrease of 33% with six contracts in Q4 2021, when compared with the previous quarter’s total of nine contracts, according to GlobalData’s oil and gas contracts database.
A total of six 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 Q4 2021
Looking at the total oil and gas contracts by country in the petrochemicals segment of North America, the US led the activity in Q4 2021 with four contracts and a 67% share. It saw a decrease of 50% over the previous quarter’s total of eight contracts and a decrease of 43% when compared with the last four-quarter-average of seven contracts in the US.
In second place was Canada with one contract and a 17% 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 Q4 2021
During the quarter, the majority of petrochemicals segment contracts awarded in the North America were in the design & engineering with five contracts, followed by procurement and construction with three and two contracts, 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.