Posts Tagged ‘Midstream’

Project Smart Explorer is turning Green

Aware our customers play a main role in the energy transition, we have built the expertise and the according database to help them in this perspective.

From now on, Project Smart Explorer will not only over the Oil & Gas and Petrochemical but also the projects of Renewable Energy and Decarbonization.

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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 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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Independent Companies Business Model in Oil & Gas and Petrochemicals

The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.

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Independent Companies

Independent companies definition. Independent companies refer to Oil & Gas and Petrochemical operators that are neither international oil companies (IOCs) nor national oil companies (NOCs).

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LNG market will be multiplied by 5 in 2018

Already more than double the 2017 business From the numbers we collected at the end of June, the […]

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Oil & Gas and Petrochemical Market to Double in 2018

Oil and Gas and Petrochemical market is booming. On the first quarter 2018, we have seen nearly as much business opportunities awarded than in the entire year 2017. This market upturn is led by the national oil companies (NOCs) and the Independent companies representing 96% of the projects sanctioned on Q1 2018 while the international oil companies (IOCs) nearly disappeared at 6%.

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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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