Engineering Procurement and Construction

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

Already more than double the 2017 business From the numbers we collected at the end of June, the LNG market has already awarded in 2018 twice more business than the entire 2017 year. At the beginging of the year our market analysis was already promising a boom for 2018 and the figures extracted from www.projectsmartexplorer.com data […]

Oil and Gas and Petrochemical market is booming. On the first quarter 2018, we have seen nearly as much business opportunities awarded than in the entire year 2017. This market upturn is led by the national oil companies (NOCs) and the Independent companies representing 96% of the projects sanctioned on Q1 2018 while the international oil companies (IOCs) nearly disappeared at 6%.

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 […]

PDO to tender Block-6 Khulud Tight Gas First Phase The largest oil and gas producer, Petroleum Development Oman (PDO) and its main partner Royal Dutch Shell plc (Shell) are preparing to call for tender the first phase of the challenging Khulud Tight Gas project in its Block-6 concession of central Oman. After BP with Khazzan […]

NFL and EIL to join FCIL in Ramagundam Fertilizer The State-owned company National Fertilizers Limited (NFL), the Fertilizer Corporation of India Limited (FCIL) and Engineers India Limited (EIL) have decided to form the Ramagundam Fertilizers and Chemicals Limited (Ramagundam Fertilizers) joint venture to revive the closed ammonia and urea facilities located in the central southern […]