Projects front end engineering and design (FEED) is taking the King’s role over engineering, procurement and construction (EPC). FEED is King.
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A new year is starting, so is a new Energy market filled with opportunities to outlook for 2021.
The Renewables and Decarbonification projects enjoyed an unprecedented impulse in 2020 and the momentum is set to continue in 2021.
Oil & Gas and Petrochemical Resilient in 2020. The Oil & Gas and Petrochemical market has proven to be more resilient in 2020 than feared or expected. The national oil companies and the independents took a leading role turning the market reality far above the market perception left by the international oil companies.
The USA Presidential elections this month have retained the attention of all business leaders worldwide. Now the result is known, declaring Mister Biden the next president of the United States of America, it is time to wonder what are the US election impacts on the Oil & Gas and Energy market.
In this period of social and economic confusion, Gas projects seem to benefit from an exceptional stability.
The level of investment for gas projects is equal in 2020 to 2019.
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.
The Solar Photovoltaic concept for energy is the conversion of natural and artificial lights into electricity.
The photon, which is the energy vector contained in light rays, while hitting on the solar panel will produce what is called the Photovoltaic effect, a mix of heat and electronic stimulation.
This electronic stimulation will generate a movement of electrons in the solar cell and thus induce direct current electricity.
Aware our customers play a main role in the energy transition, we have built the expertise and the according database to help them in this perspective.
From now on, Project Smart Explorer will not only over the Oil & Gas and Petrochemical but also the projects of Renewable Energy and Decarbonization.
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.