The upstream segment contracts in North America registered a decrease of 15% with 105 contracts in October 2022, when compared with the previous month’s total of 124 contracts, according to GlobalData’s oil and gas contracts database.

A total of 105 contracts were registered in the upstream segment of North America during the month, when compared with the last 12-month moving average of 97 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 105 contracts in October 2022, followed by midstream and petrochemicals segments with seven and two contracts, respectively.


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

In October 2022, the US led the activity with 99 contracts and a 94% share of the upstream oil and gas contracts in North America. It saw a decrease of 13% over the previous month’s total of 114 contracts and an increase of 11% when compared with the last 12 month-average of 89 contracts in the US.

In second place was Mexico with three contracts and a 3% 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 92 contracts, followed by Mexico and Canada with four and three contracts, respectively.

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

During the month, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 95 contracts, followed by procurement and design & engineering with eight 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.