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April 13, 2022

Contract activities in upstream segment in North America remain flat in March 2022

By Carmen

The upstream segment contracts in North America remained flat in March 2022, when compared with the previous month’s total of 82 contracts, according to GlobalData’s oil and gas contracts database.

A total of 82 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 69 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 82 contracts in March 2022, followed by midstream and petrochemicals segments with 17 and four contracts, respectively.


Contract award activity in North America’s upstream segment during March 2022

In March 2022, the US led the activity with 77 contracts and a 94% share of the upstream oil and gas contracts in North America. It saw an increase of 5% over the previous month’s total of 73 contracts and an increase of 26% when compared with the last 12 month-average of 61 contracts in the US.

In second place was Canada with three contracts and a 4% share, followed by Mexico with two contracts and a 2% share.

Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 62 contracts, followed by Canada and Mexico with four and three contracts, respectively.

Contracts by scope of work in North America’s upstream segment during March 2022

During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 72 contracts, followed by design & engineering and procurement with six and five contracts, respectively.

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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