gas
Spain, France and Portugal governments are considering developing the Enagas Spain France BarMar H2Med Hydrogen Pipeline, also known as H2Med of Bar Mar, a subsea hydrogen and gas pipeline between Barcelona, Spain and Marseille, France. After Russian invasion in Ukraine, Europe decided to boost its energy dependency through its RePowerEU.The BarMar pipeline is presented as […]
The international oil company (IOC) Total Energies (Total) and its partner the independent US-based Apache are gearing up in the development of the TOTALENERGIES SURINAM BLOCK 58 GRANMORGU FPSO. Block 58 is located offshore Surinam with a floating production storage and offloading (FPSO) vessel. Surinam is neighboring Guyana in South America where the other IOC […]
The USA Presidential elections this month have retained the attention of all business leaders worldwide. Now the result is known, declaring Mister Biden the next president of the United States of America, it is time to wonder what are the US election impacts on the Oil & Gas and Energy market.
In this period of social and economic confusion, Gas projects seem to benefit from an exceptional stability.
The level of investment for gas projects is equal in 2020 to 2019.
As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.
Aware our customers play a main role in the energy transition, we have built the expertise and the according database to help them in this perspective.
From now on, Project Smart Explorer will not only over the Oil & Gas and Petrochemical but also the projects of Renewable Energy and Decarbonization.
Where do we stand 6 months in 2020?
we decided to investigate the reality of data and crunch our numbers from www.projectsmartexplorer.com to make an inventory halfway through the year.
Today trends on the market give us the forecast Capital Expenditures for 2020 should end-up at the same level or above compared to 2019. Previsions for 2021 are also high, fueled by projects postponed.
