Independent companies definition. Independent companies refer to Oil & Gas and Petrochemical operators that are neither international oil companies (IOCs) nor national oil companies (NOCs).
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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.
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Sevan completed Bream-Mackerel FPSO pre-FEED The London-based junior company Premier Oil Limited (Premier Oil) and its partners, the […]
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Ghana – Nigeria Key Projects and Business Highlights Around the Gulf of Guinea, Ghana and Nigeria appeared as […]
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Xodus completes FEED on Banda Gas production The Houston-based engineering company Xodus Group (Xodus) is currently completing the […]
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Kingfisher to lead Lake Albert and refinery projects After resolving tax and refinery disagreements between Tullow Oil plc […]
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After years delay Tullow wants Kudu money back After years of uncertainty and delays, the London-based Tullow Oil […]
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Modec and SBM in competitive FEED final for TEN The UK-based Tullow Oil plc (Tullow) and its partners […]
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Eni discoveries trigger debate on upstream localization In September 2012, the Italian national oil company Eni and its […]
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