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 moreProsperous New Year 2018
One Day – One Country: Canada
Key Projects and Business Highlights 2014 On the Western Canada, the Provinces of British Columbia (B.C.) and Alberta […]
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South Oil evaluates offers for CSSP FEED contract The state-owned South Oil Company (SOC) is currently evaluating the […]
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Nippon to run fast track for Layang FPSO conversion The Japanese-owned joint venture JX Nippon Oil & Gas […]
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One Day – One Country: Canada
Canada to boost crude oil production 75% by 2035 According to its National Energy Board (NEB), Canada expects […]
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CNPC and Total to double production with Halfaya-3 The China National Petroleum Corporation (CNPC or PetroChina) and its […]
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Shell calls for bid St Joseph CEOR Pilot Vessel project The international oil company (IOC) Royal Dutch Shell […]
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Dialog-Vopak to feed Petronas Pengerang power plant The Malaysian Dialog Group Berhard (Dialog) and the Rotterdam-based Royal Vopak […]
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Australia Bonaparte FLNG to start operations in 2019 The French energy group GDF-Suez and its Australian partner Santos […]
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Kenarong – Pertang competitive FEED to be an option Murphy Oil Corporation (Murphy Oil) and the Malaysian oil […]
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