The upstream segment contracts in North America registered an increase of 3% with 285 contracts in Q2 2022, when compared with the previous quarter’s total of 276 contracts, according to GlobalData’s oil and gas contracts database.

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A total of 285 contracts were registered in the upstream segment of North America during the quarter, when compared with the last four-quarter moving average of 216 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 285 contracts in Q2 2022, followed by midstream and downstream segments with 53 and 13 contracts, respectively.

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Contract award activity in North America’s upstream segment during Q2 2022

Looking at the total oil and gas contracts by country in the upstream segment of North America, the US led the activity in Q2 2022 with 268 contracts and a 94% share. It saw an increase of 7% over the previous quarter’s total of 250 contracts and an increase of 41% when compared with the last four-quarter-average of 190 contracts in the US.

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In second place was Canada with nine contracts and a 3% share, followed by Mexico with seven contracts and a 2% share.

Based on five-quarter moving average of the contracts in the upstream segment of North America, the US took the top spot with 206 contracts, followed by Canada and Mexico with 11 and nine contracts, respectively.

Contracts by scope of work in North America’s upstream segment during Q2 2022

During the quarter, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 248 contracts, followed by design & engineering and procurement with 25 and 19 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.