Posts Tagged ‘crude oil’

Market Shift and Upturn

Did you see the Oil & Gas and Petrochemical Market Shift and Upturn?
The volume of Oil & Gas and Petrochemical engineering, procurement and construction (EPC) contracts awarded in 2018 is about to double compared with 2017 as a consequence of the market shift from the international oil companies (IOCs) to the national oil companies (NOCs) and independent companies.

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Oil & Gas and Petrochemical Market to Double in 2018

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%.

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Happy New Year 2017

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 […]

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Total goes West for greenfield Texas Gulf Coast Ethylene project

Total Petrochemicals mulls over Port Arthur new cracker The French major company Total is looking West side of Atlantic for the expansion of its petrochemical activities with a greenfield ethylene cracker to be added on its existing Texas Port Arthur complex in USA. As most of the international oil companies […]

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One Day – One Country: India

India Key Projects and Business Highlights 2014 The Indian oil and gas sector is dominated at 70% by national oil companies (NOCs), the Oil and Natural Gas Corporation (ONGC) and the Oil India Limited (OIL or Oil India) and completed by an active private sector well represented by Bharat Petroleum Corporation Limited […]

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Oman Oil starts pre-qualification for Duqm Refinery-Petrochemical

Oman Oil Duqm Refinery nears FEED completion Duqm Refinery and Petrochemical Industries Corporation (DRPIC), a 50/50 joint venture between the wholly state-owned Oman Oil Company SAOC (OOC or Oman Oil) and International Petroleum Investment Company (IPIC) ,a sovereign fund of Abu Dhabi, is on the way to complete the front […]

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Petrobras to consider new set of FPSOs for Jupiter pre-salt projects

Petrobras Jupiter FPSO to learn from Lula development Petrobras and its partner, Galp Energia (Galp) from Portugal, are expecting to benefit from the lessons learnt in developing the Lula giant offshore pre-salt field to design the floating, processing, storage and offloading (FPSO) vessels to be moored at Jupiter field to […]

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Statoil at FEED on Snorre C in perspective of Norway Snorre 2040

Statoil preferred TLP concept for Snorre C on tie-back The Norwegian State-owned company Statoil and its partners, Petoro from Norway, ExxonMobil from USA, Idemitsu Petroleum (Idemitsu) from Japan, RWE from Germany, Core Energy from Norway preferred the tension leg platform (TLP) concept over a simple tie-back to develop Snorre C, […]

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Bahrain to increase Tatweer associated gas monetization

Banagas considers Sitra Third Train Expansion project While Tatweer Petroleum (Tatweer) is increasing its oil and gas production from the Bahrain Field, Bahrain National Gas Company (Banagas) is considering the expansion of its Sitra gas processing facilities with the addition of a third train. Covering 80 percent of Bahrain main island, […]

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Petrobras to test Libra Pre-Salt field offshore Brazil with first FPSO

Petrobras Shell and Total qualify Libra FPSO bidders The national oil company (NOC) Petroleo Brasileiro SA (Petrobras) and its partners, the majors Royal Dutch Shell (Shell), from The Netherlands, Total from France, and the Chinese champions China National Petroleum Corporation (CNPC or PetroChina) and China National Oil Offshore Corporation (CNOOC) are […]

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