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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.
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 […]
New Environment – New Opportunities 2B1st Consulting is very pleased to wish you Happy New Year 2016 from its new Head Office in Chamonix – Mont-Blanc, France. This location is at the core of the European markets and close to Geneva International Airport with numerous direct connections overseas. In 2015 you enjoyed the release of […]
PDO to tender Block-6 Khulud Tight Gas First Phase The largest oil and gas producer, Petroleum Development Oman (PDO) and its main partner Royal Dutch Shell plc (Shell) are preparing to call for tender the first phase of the challenging Khulud Tight Gas project in its Block-6 concession of central Oman. After BP with Khazzan […]
Canada Key Projects and Business Highlights 2014 The more TransCanada Keystone XL Pipeline project is running far from any decision in the USA, the more the Canadian projects are gearing up under the impulsion of international oil companies (IOCs) such as Japan Petroleum and Exploration Corporation Ltd (Japex), Kinder Morgan Inc., Shell, Suncor, Total, and national […]
What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical projects that could be cancelled […]
West Africa Key Projects and Business Highlights 2014 From the 54 countries of the Africa continent, 16 were producing oil in 2010. On the last decade, the producing countries have proven to generate an higher growth than the non-producing countries. In this game, West Africa plays a leading role with key countries such as Angola, […]
Azerbaijan Key Projects and Business highlights 2014 Occupying one of the richest coast of the Caspian Sea in oil and gas resources, the Republic of Azerbaijan is taking a strategic place between Asia and Europe, between Russia and Middle-East countries. Under the coordination of the State Oil Company of Azerbaijan (SOCAR) these oil and gas resources […]
