Business model
Definition: “Call for Tender” is the process by which a company invites potential suppliers to submit offers for the execution of a contract. Comments: In the Oil&Gas and Petrochemical industry this process is very formal as potential bidders must first go through a very demanding qualification process. This qualification process normally assesses and validates the […]
The Dow Chemical Company (Dow) will spend $4 billion in capital expenditure for this ethylene and propylene production facilities in Freeport, Texas, USA. This Olefins project illustrates the previous news about the consequences of the Shale gas to provide long term feedstock at very competitive price to the Downstream activities. As a good example of the relocation into USA of the petrochemical industry, this new ethylene […]
It is not every day that a Major company shakes up its Oil&Gas business model and introduce a new brand to re-position its strategy and consolidate its Market Leadership. But in July 2011, ConocoPhillips had announced to spin off all their Midstream and Downstream activities under the name of Phillips 66. On May 1st, 2012 […]
Definition: “LoI” is the acronym for Letter of Intent . Comments: A LoI is a document by which two parties describe how they intend to work together. It can be just a technical base line of co-operation or a more extended agreement with commercial and financial terms. Depending on the countries, a LoI may be considered as a formal bidding contract or not. A LoI may also be called Memorandum Of […]
Oil and Natural Gas Corporation Limited (ONGC), India and ConocoPhillips, USA, have signed on March 30th a Memorandum of Understanding (MoU) to co-operate and develop the shale gas resources in India, North America and elsewhere besides deep water opportunities in Eastern offshore India. The unprecedented growth of shale gas in the USA has generated new hopes […]
Definition: “MoU” is the acronym for Memorandum Of Understanding. MoU may also be called Letter of Intent (LoI) Comments: A MoU is a document by which two parties describe how they intend to work together. It can be just a technical base line of co-operation or a more extended agreement with commercial and financial terms. Depending on […]
IECEx addresses safety issues in the Ex field. The IECEx, the IEC System for Certification for Standards relating to Equipment for Use in Explosive Atmospheres, and ESMA (Emirates Standardization and Metrology Authority), in conjunction with UNECE (United Nations Economic Commission for Europe), have organized the 2012 IECEx International Conference in Dubai, United Arab Emirates, on last 20-21 March 2012. The conference […]
Definition: More than the size of the company and its market share, the Market leadership is related to the capability to: Drive the decisions along the supply chain. Lead the good practices in a given market. Comments: Key Drivers to Market Leadership Anticipate on deep market needs and Focus on key targets Manage the key […]
