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December 14, 2021

Contract activities in upstream segment in North America down 19% in November 2021

By Carmen

The upstream segment contracts in North America registered a decrease of 19% with 56 contracts in November 2021, when compared with the previous month’s total of 69 contracts, according to GlobalData’s oil and gas contracts database.

A total of 56 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 63 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 56 contracts in November 2021, followed by midstream and downstream segments with seven and six contracts, respectively.


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Contract award activity in North America’s upstream segment during November 2021

In November 2021, the US led the activity with 47 contracts and an 84% share of the upstream oil and gas contracts in North America. It saw a decrease of 24% over the previous month’s total of 62 contracts and a decrease of 16% when compared with the last 12 month-average of 56 contracts in the US.

In second place was Mexico with five contracts and a 9% share, followed by Canada with three contracts and a 5% share.

Based on 12-month moving average of the contracts in the upstream segment of North America, the US took the top spot with 56 contracts, followed by Canada and Mexico with three contracts each.

Contracts by scope of work in North America’s upstream segment during November 2021

During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 48 contracts, followed by design & engineering and procurement with six and three 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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