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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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Trace Market Shift from IOCs to NOCs & Independents In a Oil & Gas and Petrochemical market shifting from international oil companies (IOCs) to national oil companies (NOCs) and Independents, playing pro-active from First Call to Last Call in the pursuit of projects becomes a challenging process that we describe below for maintaining your high hit-rate for […]

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Oil & Gas and Petrochemical Business Picks Up 2B1st Consulting team wishes you a Happy New Year rich of health, happiness and success, especially since 2017 starts with number of good news. The first good news comes from the Oil & Gas and Petrochemical market picking up. The second good news is related to the change […]

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Sevan completed Bream-Mackerel FPSO pre-FEED The London-based junior company Premier Oil Limited (Premier Oil) and its partners, the State-owned Kuwait Foreign Petroleum Exploration Company KSC (KUFPEC) and the FTSE-listed Tullow Oil (Tullow), are on the point to select the conceptual design to be used for the development of the Bream and Mackerel oil and gas fields offshore […]

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Nippon to run fast track for Layang FPSO conversion The Japanese-owned joint venture JX Nippon Oil & Gas Exploration Ltd (JX Nippon) and its local partner Petronas Carigali (Petronas) are now running on the fast track to develop the Layang gas field, offshore Sarawak in Malaysia, with a converted floating storage production and offloading (FPSO) […]

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