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.
Read moreProsperous New Year 2018
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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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, ENI and Petoro expect more to come from Skrugard and Havis exploration The Skrugard and Havis fields […]
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Gas prices and high costs dictate to rethink Shtokman The foreseen capital expenditure for the Shtokman gas field […]
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Gazpromdobychashelf, the wholly owned Gazprom subsidiary and operator of Shtockman projects, has annouced to expect the completion of […]
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