The upstream segment contracts in North America remained flat in May 2022, when compared with the previous month’s total of 80 contracts, according to GlobalData’s oil and gas contracts database.
A total of 80 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 73 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 80 contracts in May 2022, followed by midstream and downstream segments with eight and six contracts, respectively.
Contract award activity in North America’s upstream segment during May 2022
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In May 2022, the US led the activity with 78 contracts and a 98% share of the upstream oil and gas contracts in North America. It saw an increase of 7% over the previous month’s total of 73 contracts and an increase of 20% when compared with the last 12 month-average of 65 contracts in the US, followed by Canada and Mexico with one contract 1% share each.
Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 68 contracts, followed by Canada and Mexico with four and three contracts, respectively.
Contracts by scope of work in North America’s upstream segment during May 2022
During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 68 contracts, followed by design & engineering and procurement with seven and six 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.