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The comparison between 2019 with the previous period 2015 to 2018, shows how in only the first 6-month of this year the volume of business opportunities to be sanctioned to manufacturers for Electrical Cables is already exceeding the previous years on a 12-month period.

Software-as-a-Service (shorten as SaaS) is a distribution model for softwares, for which the producer offers clients the opportunity to use the solution he is fully hosting, from the servers to the application.

In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.

Back in April, Japan published a report announcing the discovery of huge reserves of rare earth close to the Minamitori Island, 1800km away from Tokyo. Scientists discovered 16 million tons of rare earth elements encapsulated in mud 6000 meters underwater, enough to supply the national electronic industry and the world consumption for at least 400 years.

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Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.

The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.

Independent companies definition. Independent companies refer to Oil & Gas and Petrochemical operators that are neither international oil companies (IOCs) nor national oil companies (NOCs).