independents
As every quarter, we propose you a review of the energies market. But at that period of the year, our review covers a recapitulation of 2021 and perspectives for 2022. By energies market, we refer to the Oil & Gas, Petrochemical and Energy Transition sectors.
The Oil & Gas and Petrochemical market is surging on Q2 2021.
Along that year, the Covid and the mass communication about energy transition affected heavily projects investment decisions. So, that 2021 started in great uncertainty. But the demand was there. Therefore, we could observe a well loaded funnel of projects for sanction in 2021 and 2022.
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.
The comparison between 2019 with the previous period 2015 to 2018, shows how in only the first 6-month of this year the volume of business opportunities to be sanctioned to manufacturers for Electrical Cables is already exceeding the previous years on a 12-month period.
In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.
Shell to increase diesel import capacities in UK The consortium made of Greenergy International Ltd (Greenergy), Royal Vopak (Vopak) and Shell completed the acquisition of the assets of the Coryton refinery in UK to build and operate a state-of-the-art import terminal for oil products. The transaction was closed with PwC acting as the administrator of […]
