international oil companies (IOCs)

26 Apr 2020

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?

Tags: Chevron, ConocoPhillips, Continental Resources, ExxonMobil, Independent Companies, international oil companies (IOCs), Marathon, million barrel per day, moratorium, National Oil Companies, Occidental Petroleum (Oxy), oil and gas, oil and gas companies, oil and gas production, oil production, Oil Production Cut, Oil production reduction, OPEC countries, OPEC plus, Opec+, Parsley Energy, Pioneer Natural, Quotas, Russia, Texas, Texas Railroad Commission (RRC), US State Secretary of Energy
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14 Apr 2020

OPEC+ Agreement to Speed up Market Dichotomy

One day - One News

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).

Tags: Business model for oil & gas and petrochemical industry suppliers, conventional oil, downstream, Independent Companies, international oil companies (IOCs), LNG, Midstream, national oil companies (NOCs), Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, Oil news, OPEC, OPEC countries, Production Sharing Agreement (PSA), production sharing contracts (PSC), Russia, shale oil, unconventional oil, upstream, USA
Posted in One day - One News | 3 Comments

07 Jan 2019

Happy New Year 2019

Blog One day - One News

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.

Tags: - Basic engineering and front end design and engineering (FEED), 1000 largest projects upstream midstream and downstream, 2019, actual numbers, already awarded, break-through year, different business model, downstream, EPC Contracts, FID, Final Investment Decision, game changer, happy new year 2019, independents, international oil companies (IOCs), Market shift, market turn, Midstream, national oil companies (NOCs), new business model, new year, Oil & Gas, Oil & Gas and Petrochemical, projectsmartexplorer, upstream, volume of capex
Posted in Blog, One day - One News | 1 Comment

06 Jan 2018

Prosperous New Year 2018

One day - One News

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.