Posts Tagged ‘FPO’

Prosperous New Year 2018

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.

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Technip in brief

Take it further Headquartered in Paris, France, Technip is one of the largest engineering companies with more than […]

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Gazprom to think technology for new Shtokman partnership

Statoil’s withdrawal opens door to Gazprom for new partnership with other Majors Since Gazprom, Total and Statoil could […]

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Tie-Back

Definition Tie-back in the offshore oil and gas upstream activities refer to the connection of additional risers to […]

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Turret

Definition Turret is the major component of a vessel or any floating production unit (FPSO, FPO) to which the […]

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Statoil Skrugard and Havis oil discoveries justify feasibility studies

Statoil, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields […]

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Gazprom, Total and Statoil to decide soon about Shtokman

Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field […]

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Shtokman 3rd phase in operations before phases 1 & 2?

Gazpromdobychashelf, the wholly owned Gazprom subsidiary and operator of Shtockman projects, has annouced to expect the completion of […]

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