natural gas
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.
Spectra to expand Algonquin and Maritimes Pipelines The midstream company Spectra Energy Corporation (Spectra) is planning to expand up northeast USA the Algonquin Gas Transmission (Algonquin) system and Maritimes and Northeast Pipeline (Maritimes) with the Atlantic Bridge Project in order to pipe the shale gas from the giant Marcellus and Utica basins into New England […]
LNG Croatia to build Balkans LNG import terminal hub The Zagreb-registered company LNG Croatia LLC (LNG Croatia) is planning to build the first liquefied natural gas (LNG) import terminal in Croatia to become a strategic hub on the north of Adriatic Sea to supply the Balkans region and Eastern Europe countries up to Poland. When […]
Thailand Key Projects and Business Highlights In Thailand the oil and gas and petrochemical activity is driven by the national oil company (NOC) PTT Public Company Limited (PTT) and its more know subsidiary PTT Exploration and Production Public Company Ltd (PTTEP) with the support of foreign majors such as Chevron or Mitsui Oil Exploration Company (Mitsui or MOECO) and independent […]
India Key Projects and Business Highlights 2014 The Indian oil and gas sector is dominated at 70% by national oil companies (NOCs), the Oil and Natural Gas Corporation (ONGC) and the Oil India Limited (OIL or Oil India) and completed by an active private sector well represented by Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Ltd […]
Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat Bukha in the Musandam Governorate […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
Mubadala and IPIC review Emirates LNG EPC tenders The Abu Dhabi Sovereign funds Mubadala Petroleum (Mubadala) and the International Petroleum Investment Company (IPIC) are currently reviewing the tenders submitted by the qualified bidders for the engineering, procurement and construction (EPC) contracts to be awarded for the Emirates LNG Terminal and Regasification project on the coast […]
