One day – One News
Oil & Gas and Petrochemical market has grown up by 30% in 2017 in respect with the number of projects sanctioned for execution with EPC contracts. This number confirms our last year forecast and gives credit to our estimation of 20% to 35% growth for 2018. This market upturn is driven by a market shift from the IOCs to the NOCs and Independent companies, representing both nearly 80% of the capital expenditure as operator on the next five years. As a results the projects get smaller and run on fast-track requiring more agility from the sales organizations for detection and capture.
Trace Market Shift from IOCs to NOCs & Independents In a Oil & Gas and Petrochemical market shifting from international oil companies (IOCs) to national oil companies (NOCs) and Independents, playing pro-active from First Call to Last Call in the pursuit of projects becomes a challenging process that we describe below for maintaining your high hit-rate for […]
Oil & Gas and Petrochemical Business Picks Up 2B1st Consulting team wishes you a Happy New Year rich of health, happiness and success, especially since 2017 starts with number of good news. The first good news comes from the Oil & Gas and Petrochemical market picking up. The second good news is related to the change […]
New Environment – New Opportunities 2B1st Consulting is very pleased to wish you Happy New Year 2016 from its new Head Office in Chamonix – Mont-Blanc, France. This location is at the core of the European markets and close to Geneva International Airport with numerous direct connections overseas. In 2015 you enjoyed the release of […]
Anadarko to complete Shenandoah appraisal program The Texas-based Anadarko Petroleum Corporation (Anadarko) and its partners, ConocoPhillips, Cobalt International Energy (Cobalt) and Marathon Petroleum Corporation (Marathon), implement their appraisal program for the Shenandoah offshore project in the US Gulf of Mexico. Discovered in 2009, the Shenandoah crude oil field belongs to Blocks 51 and 52 in […]
FERC pre-filling process initiated for Rio Grande LNG The independent Texas-based company Next Decade LLC (NextDecade) started the pre-filling process in view to obtain the Federal Energy Regulatory (FERC) approval for its liquefied natural gas (LNG) Rio Grande LNG export terminal project to be located at the Port of Brownsville on the Texas Gulf Coast, at […]
Back from Services to UK Re-Industrialisation The UK is the developed country where the contribution of the Industry to the GDP has reached the lowest level in falling below 12% in the mid-2000s years. Everything was about finance or services, and the production delocalization to China was perceived as a positive sign of value creation. […]
Farabi Yanbu Petrochemical project at FEED stage The Saudi Farabi Petrochemical Company (Farabi or FPC) is planning to start the front end engineering and design (FEED) work on its Yanbu petrochemical project in the Western Province of Saudi Arabia. Farabi was established in 2002 as a privately owned company. Since 2006, Farabi is producing normal paraffin (NPN) […]
