Business model
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.
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 […]
2B1st Consulting wish you a Happy New Year 2015 2B1st Consulting is very pleased to wish you and your family a wonderful year 2015 full of joy, happiness and prosperity. We also expect you and your team to meet in this New Year all the success you deserve in the conquest of new Oil & Gas […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
PTTEP to add Arthit South Gas Gathering Platform The Thailand national oil company (NOC) PTT Exploration and Production Public Company Ltd (PTTEP) and its partners, Chevron from USA and Mitsui Oil Exploration Company (Mitsui or MOECO) from Japan are working on the call for tender for the Arthit south gas Gathering Platform (AGP) in the […]
Saudi Aramco to award shale gas treatment FEED The world largest company by the size of crude oil reserves, Saudi Aramco, is planning to award the front end engineering and design (FEED) contracts for the gas central processing facilities to support the development of the shale gas exploration – production in three regions of Saudi […]
Petroceltic to prepare FEED on Ain Tsila development The Irish junior company Petroceltic International plc (Petroceltic) and its partners, the Algerian national oil company (NOC) Sonatrach and the Italian utility Enel, are preparing to move into the front end engineering and design (FEED) phase of the Ain Tsila discovery within the Isarene gas and condensate […]
Nippon to run fast track for Layang FPSO conversion The Japanese-owned joint venture JX Nippon Oil & Gas Exploration Ltd (JX Nippon) and its local partner Petronas Carigali (Petronas) are now running on the fast track to develop the Layang gas field, offshore Sarawak in Malaysia, with a converted floating storage production and offloading (FPSO) […]
