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Aware our customers play a main role in the energy transition, we have built the expertise and the according database to help them in this perspective.
From now on, Project Smart Explorer will not only over the Oil & Gas and Petrochemical but also the projects of Renewable Energy and Decarbonization.
Where do we stand 6 months in 2020?
we decided to investigate the reality of data and crunch our numbers from www.projectsmartexplorer.com to make an inventory halfway through the year.
Today trends on the market give us the forecast Capital Expenditures for 2020 should end-up at the same level or above compared to 2019. Previsions for 2021 are also high, fueled by projects postponed.
Medias have largely covered the last weeks Ups and Downs of the Oil & Gas and Petrochemical industry. Well, mostly the Downs in fact.
To figure out the reality, we crunched the numbers from our database www.projectsmartexplorer.com
In fact, the outlook of the Petroleum industry is rather different than what has been massively reported.
In reaction to the social and economic roller coaster initiated by Covid-19, operators of the Oil & Gas industry have taken actions to adapt their strategies. Some have delayed projects, others have rushed projects to restore their market share and take advantage of lower prices in retendering contracts.
The Covid-19 crisis has been shaking the world and the Oil & Gas indutry for the past few weeks, putting all businesses to an halt.
While some countries are emerging from quarantine situation, companies are having hard time evaluating the impacts to their environement, wondering what should we do next?
Once the context awareness done, the question is no more “if” but “how” should the Oil & Gas industry turn digital.
For this purpose we designed a simple list to breackdown and categorize all the Use Cases from digitalization applicable to Oil and Gas operations.
The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
