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Oil&Gas and Petrochemical Market Outlook on Q3 2021 Stands Robust

Carbon Capture and Storage projects have been running for a decade but recently gained a new momentum with a growing interest.

Hydrogen is currently experiencing a increasing interest despite years of usage. This main focus is mostly driven by the so called “Green Hydrogen” promising a clean fuel for the service of the Energy Transition.

Now, in the Energy transition scenario, hydrogen comes as a natural vector of energy for many applications where the electricity is unable to supplant oil & gas.

The Oil & Gas and Petrochemical market is surging on Q2 2021.
Along that year, the Covid and the mass communication about energy transition affected heavily projects investment decisions. So, that 2021 started in great uncertainty. But the demand was there. Therefore, we could observe a well loaded funnel of projects for sanction in 2021 and 2022.

Digitalization is the driver of innovation in petroleum and renewables projects. As illustrated below, it can apply in three different areas of the company:

Projects front end engineering and design (FEED) is taking the King’s role over engineering, procurement and construction (EPC). FEED is King.

The Data Governance is the set of rules defining the data: property, storage, protection, and in case of exploitation how it should be shared or rewarded.

A new year is starting, so is a new Energy market filled with opportunities to outlook for 2021.

The Renewables and Decarbonification projects enjoyed an unprecedented impulse in 2020 and the momentum is set to continue in 2021.