pipelines
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.
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 […]
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 […]
Enbridge to connect 11 oil sands projects to Edmonton The Calgary-based midstream company Enbridge Inc. (Enbridge) has decided to merge the Athabasca Twin Pipeline project with the Wood Buffalo Extension Pipeline project as part of its Regional Oil Sands System across the Province of Alberta in western Canada. Originally Enbridge had announced to proceed with these two pipelines […]
Petronas RAPID to go ahead as part of Malaysia PIPC In making the final investment decision (FID) on the Pengerang Integrated Petroleum Complex (PIPC), the Malaysia national oil company (NOC) Petronas is triggering the execution phase of the Refinery And Petrochemical Integrated Development (RAPID) project in the south Johor next to Singapore. With RAPID as […]
Foster Wheeler at FEED on MGSE gas compression In October 2013, the national oil company (NOC) Saudi Aramco selected the Swiss-based engineering company Foster Wheeler to perform the front end engineering and design (FEED) work of the compression stations for the Master Gas System Expansion (MGSE) project. To be implemented in phases, the Master Gas […]
PetroChina to unlock Athabasca oil sand reserves The Canadian specialist TransCanada and China Petroleum National Corporation (CNPC or PetroChina) subsidiary Phoenix Energy Holdings (Phoenix) are preparing the execution of the Grand Rapids Pipeline Project to unlock the underdeveloped oil sands reserves lying in Athabasca northeastern Alberta, Canada. With this Grand Rapids Pipeline Project, TransCanada and PetroChina intend […]
PTTEP to add Arthit South Gas Gathering Platform The Thailand national oil company (NOC) PTT Exploration and Production Public Company Ltd (PTTEP) and its partners, Chevron from USA and Mitsui Oil Exploration Company (Mitsui or MOECO) from Japan are working on the call for tender for the Arthit south gas Gathering Platform (AGP) in the […]
