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.
14 Apr 2020
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).
Read more 06 Jan 2020
Happy New Year 2020
Oil & Gas is booming while other Industries slow down 2B1st Consulting expects that you could already benefit from […]
Read more 11 Nov 2018
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.
The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.
Read more 06 Aug 2018
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 […]
Read moreOil 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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