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.
Read moreTags:
- 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