Posts Tagged ‘international oil companies (IOCs)’

Happy New Year 2019

In 2018, twice more, in volume of capital expenditure, EPC contracts were awarded than in 2017. This step change is not related to some barrel price speculations bu to the new business models developed by the game changers, mostly the Independent companies taking now the lead of the market.

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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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Statoil gears up with $31 billion Johan Sverdrup project

Norway to take technological lead with Johan Sverdrup Statoil Johan Sverdrup project is not only remarkable because of the context in which its final investment decision (FID) is made, but also as it will concentrate the most advanced technologies all along its development from the electrical power supply to the […]

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Prosperous and Happy New Year

2B1st Consulting wish you a Happy New Year 2015 2B1st Consulting is very pleased to wish you and your family a wonderful year 2015 full of joy, happiness and prosperity. We also expect you and your team to meet in this New Year all the success you deserve in the […]

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One Day – One Country: Canada

Canada Key Projects and Business Highlights 2014 The more TransCanada Keystone XL Pipeline project is running far from any decision in the USA, the more the Canadian projects are gearing up under the impulsion of international oil companies (IOCs) such as Japan Petroleum and Exploration Corporation Ltd (Japex),  Kinder Morgan Inc., […]

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Consequences of barrel prices on Oil & Gas and Petrochemical projects

What are the main reasons for projects cancellation Since the WTI and Brent barrels prices have lost 20 to 25% of their value in a couple of months we assist to a frenzy of publications and speculations on the consequences of this dip on the Oil & Gas and Petrochemical […]

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One Day – One Country: Azerbaijan

Azerbaijan Key Projects and Business highlights 2014 Occupying one of the richest coast of the Caspian Sea in oil and gas resources, the Republic of Azerbaijan is taking a strategic place between Asia and Europe, between Russia and Middle-East countries. Under the coordination of the State Oil Company of Azerbaijan […]

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ONGC at study phase on Krishna Godavari deep offshore project

ONGC to award pre-FEED on KG-DWN-98/2 deepwater The India state-owned company Oil and Natural Gas Corporation (ONGC) is on the way to award the contract to perform the pre-front end engineering and design (pre-FEED) work for the development of the KG-DWN-98/2 project in the deep water of the Krishna Gadavari […]

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Happy New Year

2B1st Consulting wish you a Happy New Year 2014 2B1st Consulting wish you a Prosperous and Happy New Year 2014 with always more projects in the Oil & Gas and Petrochemical industry. Even if some projects were put on hold or postponed because of design and costs issues, the overall […]

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Adma-Opco prepares bids for Abu Dhabi Al-Nasr Full Field Development

Fluor completed FEED work on Al-Nasr Phase two The Abu Dhabi Marine Operating Company (Adma-Opco) is currently preparing the evaluation of the technical bids to be submitted on Q2 2013 for the engineering, procurement and construction (EPC) packages of the Al-Nasr Full Field Development project offshore Abu Dhabi. Adma-Opco is a […]

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