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.
11 Nov 2018
Market Shift and Upturn
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%.
Read more 06 Jan 2018
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.
Read moreTrace Market Shift from IOCs to NOCs & Independents In a Oil & Gas and Petrochemical market shifting from international […]
Read moreYPFB completed Tarija Ethylene – Polyethylene FEED The wholly state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is making […]
Read moreMubadala and IPIC review Emirates LNG EPC tenders The Abu Dhabi Sovereign funds Mubadala Petroleum (Mubadala) and the […]
Read moreQuantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest […]
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