The upstream segment contracts in North America registered a decrease of 10% with 98 contracts in November 2022, when compared with the previous month’s total of 109 contracts, according to GlobalData’s oil and gas contracts database.
A total of 98 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 100 contracts.
In terms of the number of contracts in North America, the upstream segment contributed the most with 98 contracts in November 2022, followed by petrochemicals and midstream segments with seven and four contracts, respectively.
Contract award activity in North America’s upstream segment during November 2022
In November 2022, the US led the activity with 89 contracts and a 91% share of the upstream oil and gas contracts in North America. It saw a decrease of 14% over the previous month’s total of 103 contracts and a decrease of 4% when compared with the last 12 month-average of 93 contracts in the US.
In second place was Canada with four contracts and a 4% share, followed by Trinidad and Tobago 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 96 contracts, followed by Canada and Mexico with three contracts each.
Contracts by scope of work in North America’s upstream segment during November 2022
During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 88 contracts, followed by procurement and design & engineering with six contracts each.
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.