Posts Tagged ‘Market shift’

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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Happy New Year 2020

Oil & Gas is booming while other Industries slow down 2B1st Consulting expects that you could already benefit from […]

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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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Market Shift and Upturn

Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.

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