Posts Tagged ‘international oil companies (IOCs)’

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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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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Happy New Year 2019

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.

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Prosperous New Year 2018

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.

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Statoil gears up with $31 billion Johan Sverdrup project

Norway to take technological lead with Johan Sverdrup Statoil Johan Sverdrup project is not only remarkable because of […]

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Prosperous and Happy New Year

2B1st Consulting wish you a Happy New Year 2015 2B1st Consulting is very pleased to wish you and […]

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One Day – One Country: Canada

Canada Key Projects and Business Highlights 2014 The more TransCanada Keystone XL Pipeline project is running far from any […]

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Consequences of barrel prices on Oil & Gas and Petrochemical projects

What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 […]

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One Day – One Country: Azerbaijan

Azerbaijan Key Projects and Business highlights 2014 Occupying one of the richest coast of the Caspian Sea in […]

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