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Oil & Gas and Petrochemical Resilient in 2020. The Oil & Gas and Petrochemical market has proven to be more resilient in 2020 than feared or expected. The national oil companies and the independents took a leading role turning the market reality far above the market perception left by the international oil companies.
The USA Presidential elections this month have retained the attention of all business leaders worldwide. Now the result is known, declaring Mister Biden the next president of the United States of America, it is time to wonder what are the US election impacts on the Oil & Gas and Energy market.
As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Water Desalination is the conversion of sea water into potable water.
Desalination is a process commonly used in desert regions which can not use rivers, lakes, or ground waters as viable source for populations.
Removing the salts and other minerals from seawater will be the only source of potable water for 15% of the world population by 2025.
Carbon Storage is the isolation of gases responsible of the greenhouse effect from the atmosphere.
The goal is to reverse the atmosphere pollution by injecting captured Dioxyde (CO2) underground in reservoirs for long-term storage or to be re-used in a close future.
Once injected underground, the Dioxyde (CO2) can either:
Deteriorate over a long period of time
Participate to Enhanced Oil Recovery Operations (EOR)
Be later transformed in plastics, fuel, concrete
