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Oil 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%.
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 […]
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 […]
Funnel the Right Projects Much discussion has taken place on the current oil price situation where analysts don’t seem to be able to agree on the real root of the problem, nor on the actual forecast of this so-called crisis. But in Chinese language the word “crisis” is translated in the same word as “opportunity”, which […]
Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat Bukha in the Musandam Governorate […]
Narrabri CBM to supply New South Wales gas market On November 2014, the Adelaide-based independent oil and gas company Santos Ltd (Santos) and its partner EnergyAustralia ltd submitted an Environment Protection and Biodiversity Conservation (EPBC) referral to the Commonwealth Government for the environmental assessment of its Narrabri coal bed methane (CBM) project in the New South Wales (NSW) Gunnedah […]
