The upstream segment contracts in North America registered an increase of 23% with 371 contracts in Q3 2022, when compared with the previous quarter’s total of 301 contracts, according to GlobalData ’s oil and gas contracts database.

A total of 371 contracts were registered in the upstream segment of North America during the quarter, when compared with the last four-quarter moving average of 249 contracts.


In terms of the number of contracts in North America, the upstream segment contributed the most with 371 contracts in Q3 2022, followed by midstream and downstream segments with 29 and seven contracts, respectively.


Contract award activity in North America’s upstream segment during Q3 2022

Looking at the total oil and gas contracts by country in the upstream segment of North America, the US led the activity in Q3 2022 with 354 contracts and a 95% share. It saw an increase of 25% over the previous quarter’s total of 283 contracts and an increase of 59% when compared with the last four-quarter-average of 223 contracts in the US.

In second place was Mexico with eight contracts and a 2% share, followed by Canada with six 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 249 contracts, followed by Canada and Mexico with 10 contracts each.

Contracts by scope of work in North America’s upstream segment during Q3 2022

During the quarter, the majority of upstream segment contracts awarded in the North America were in the operations & maintenance with 339 contracts, followed by procurement and design & engineering with 20 and 16 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.