As part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.
Read moreTags: 2020, barrel, barrel price, business opportunities, CAPEX, capital expenditure, cash-flow capability to finance new projects, climate change, cost reduction, covid 19, Covid-19, crisis, crude oil price, digitalization, downstream, finance, Front End Engineering and Design (FEED), gas, Independent, Independent Companies, International oil company (IOC), Investment, IOC, long term, Market, market reaction, market report, Market shift, mid term, new ways of working, NOC, NOC national oil company, oil, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, oil and gas 2020, oil and gas and petrochemical sector., oil and gas companies, oil and gas industry, oil and gas market, oil and gas production, oil and gas projects, Oil news, oil price, Oil&Gas, operational expenditure (OPEX), Operators, opex, Petrochemical projects EPC contracts, price, production cuts, project smartexplorer, projects, Refinery, short term, upstream, USA
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Where do we stand 6 months in 2020?
we decided to investigate the reality of data and crunch our numbers from www.projectsmartexplorer.com to make an inventory halfway through the year.
Today trends on the market give us the forecast Capital Expenditures for 2020 should end-up at the same level or above compared to 2019. Previsions for 2021 are also high, fueled by projects postponed.
Tags: : barrel, 2020, barrel price, business opportunities, CAPEX, capital expenditure, cash-flow capability to finance new projects, climate change, cost reduction, covid 19, Covid-19, crisis, crude oil price, digitalization, downstream, finance, Front End Engineering and Design (FEED), gas, Independent, Independent Companies, International oil company (IOC), Investment, IOC, long term, Market, market reaction, market report, Market shift, mid term, new ways of working, NOC, NOC national oil company, oil, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, oil and gas 2020, oil and gas and petrochemical sector., oil and gas companies, oil and gas industry, oil and gas market, oil and gas production, oil and gas projects, Oil news, oil price, Oil&Gas, operational expenditure (OPEX), Operators, opex, Petrochemical projects EPC contracts, price, production cuts, project smartexplorer, projects, Refinery, short term, upstream, USA, Year 2020
Posted in One day - One News | 3 Comments
Posted in One day - One News | 3 Comments
29 May 2020
Should Covid-19 mean -19% on your business?
Medias have largely covered the last weeks Ups and Downs of the Oil & Gas and Petrochemical industry. Well, mostly the Downs in fact.
To figure out the reality, we crunched the numbers from our database www.projectsmartexplorer.com
In fact, the outlook of the Petroleum industry is rather different than what has been massively reported.
Tags: barrel, barrel price, CAPEX, capital expenditure, cash-flow capability to finance new projects, climate change, cost reduction, covid 19, Covid-19, crisis, crude oil price, digitalization, downstream, finance, Front End Engineering and Design (FEED), gas, Independent, Independent Companies, International oil company (IOC), Investment, IOC, long term, market reaction, Market shift, mid term, new ways of working, NOC, NOC national oil company, oil, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, oil and gas and petrochemical sector., oil and gas companies, oil and gas industry, oil and gas market, oil and gas production, oil and gas projects, Oil news, oil price, Oil&Gas, operational expenditure (OPEX), Operators, opex, Petrochemical projects EPC contracts, price, production cuts, project smartexplorer, Refinery, short term, upstream, USA
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14 Apr 2020
OPEC+ Agreement to Speed up Market Dichotomy
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
Read moreTags: Business model for oil & gas and petrochemical industry suppliers, conventional oil, downstream, Independent Companies, international oil companies (IOCs), LNG, Midstream, national oil companies (NOCs), Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, Oil news, OPEC, OPEC countries, Production Sharing Agreement (PSA), production sharing contracts (PSC), Russia, shale oil, unconventional oil, upstream, USA
Posted in One day - One News | 3 Comments
Posted in One day - One News | 3 Comments
All crises are creating threats and opportunities, but the accumulation of a double crisis in energy prices and pandemic Covid-19 generates a unique situation.
In this unusual context, we try to evaluate the consequences of this double crisis on the Oil & Gas and Petrochemical market, especially the areas under threats and in opposite way where we should see opportunities.
Read moreTags: barrel, barrel price, CAPEX, capital expenditure, cash-flow capability to finance new projects, Covid-19, crude oil price, downstream, finance, Front End Engineering and Design (FEED), Investment, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, Oil news, oil price, Oil&Gas, Petrochemical projects EPC contracts, price, Refinery, upstream, USA
Posted in Blog, One day - One News | 6 Comments
Posted in Blog, One day - One News | 6 Comments
06 Aug 2018
LNG market will be multiplied by 5 in 2018
Already more than double the 2017 business From the numbers we collected at the end of June, the […]
Read moreTags: Africa, Asia, Business model for oil & gas and petrochemical industry suppliers, capital expenditure, Centrifugal Pumps in Oil & Gas and Petrochemical, Centrifugal Pumps in Oil and Gas and Petrochemical Market, downstream, Engineering Procurement and Construction, EPC, Exploration & Production, FEED, final investment decisions FID, first quarter 2018, First Quarter 2018 Market, Front End Engineering and Design (FEED), gas, gas pipeline, Liquid Natural Gas, LNG, market rebound, Market shift, Market Upturn, Middle East, Midstream, natural gas, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, Oil news, petrochemical complex, Petrochemical projects EPC contracts, Project Feasibility study, Projects data base, Propylene, Q1 2018, Qatar ban, Qatar sanctions, Refinery, South America, upstream, USA
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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%.
Read moreTags: Africa, Asia, Business model for oil & gas and petrochemical industry suppliers, capital expenditure, Centrifugal Pumps in Oil & Gas and Petrochemical, Centrifugal Pumps in Oil and Gas and Petrochemical Market, crude oil, downstream, Engineering Procurement and Construction, EPC, Exploration & Production, FEED, final investment decisions FID, first quarter 2018, First Quarter 2018 Market, Front End Engineering and Design (FEED), gas, gas pipeline, market rebound, Market shift, Market Upturn, Middle East, Midstream, natural gas, offshore, Offshore technology, ogp projects, OGP projects pursuit, Oil & Gas, Oil & Gas and Petrochemical, Oil & Gas and Petrochemical capital expenditures, Oil & Gas and Petrochemical Contract, Oil & Gas and Petrochemical Project, oil and gas, Oil news, petrochemical complex, Petrochemical projects EPC contracts, Power generation, Project Feasibility study, Projects data base, Propylene, Q1 2018, Qatar ban, Qatar sanctions, Refinery, South America, upstream, USA
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03 Jan 2017
Happy New Year 2017
Oil & Gas and Petrochemical Business Picks Up 2B1st Consulting team wishes you a Happy New Year rich […]
Read moreTags: 2017 Oil & Gas Market Trends, Business model for oil & gas and petrochemical industry suppliers, capital expenditure, Collaborative Platform, crude oil, downstream, Engineering Procurement and Construction, Ethylene, Exploration & Production, ExxonMobil, FEED, feedstock, Front End Engineering and Design (FEED), gas monetization, German program Industrie 4.0, Industrie 4.0 concept, Industrie 4.0 program, Industrie 4.0 Smart Platform, joint venture, Market Dichotomy, Market Leadership, Midstream, offshore, Offshore technology, Oil & Gas and Petrochemical Project, Petrochemical projects EPC contracts, pipelines, Project Feasibility study, Shell, upstream, USA, www.projectsmartexplorer.com
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07 Jan 2016
Happy New Year 2016
New Environment – New Opportunities 2B1st Consulting is very pleased to wish you Happy New Year 2016 from […]
Read moreTags: $200 billion capital expenditure, 220 fast-track projects oil and gas, 2B1st Consulting, BP, business opportunities, capital expenditure, Chamonix - Mont-Blanc, Chevron, contractors, deep offshore projects, downstream, Engineering companies, ExxonMobil, fast-track projects, France, Geneva International Airport, Happy New Year 2016, International Oil Companies, IOC, low energy prices, low gas prices, Major Companies, manufacturers, Midstream, National Oil Companies, NOC, Oil & Gas and Petrochemical projects, Shell, Statoil, Total, upstream, USA
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