Posts Tagged ‘Independent Companies’

Healthy and Happy Year 2021

Oil & Gas and Petrochemical Resilient in 2020. The Oil & Gas and Petrochemical market has proven to be more resilient in 2020 than feared or expected. The national oil companies and the independents took a leading role turning the market reality far above the market perception left by the international oil companies.

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Gas Projects are Inert to Crisis

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.

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Oil & Gas and Petrochemical New Business Model

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.

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Oil & Gas and Petrochemical Market Outlook on Q3 2020

Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.

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Oil & Gas Market Report : Mid-2020 Global Outlook

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.

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Should Covid-19 mean -19% on your business?

Medias have largely covered the last weeks Ups and Downs of the Oil & Gas and Petrochemical industry. Well, mostly the Downs in fact.

To figure out the reality, we crunched the numbers from our database www.projectsmartexplorer.com
In fact, the outlook of the Petroleum industry is rather different than what has been massively reported.

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Covid-19 impacts on Oil & Gas : Operators and Long Term PART 2

In reaction to the social and economic roller coaster initiated by Covid-19, operators of the Oil & Gas industry have taken actions to adapt their strategies. Some have delayed projects, others have rushed projects to restore their market share and take advantage of lower prices in retendering contracts.

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Covid-19 impacts on Oil & Gas : short and mid term PART 1

The Covid-19 crisis has been shaking the world and the Oil & Gas indutry for the past few weeks, putting all businesses to an halt.

While some countries are emerging from quarantine situation, companies are having hard time evaluating the impacts to their environement,  wondering what should we do next?

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Can Texas Railroad Commission Rule Global Oil?

The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?

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OPEC+ Agreement to Speed up Market Dichotomy

On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).

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