Posts Tagged ‘national oil companies (NOCs)’

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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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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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: 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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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: Iraq

Iraq Key projects and Business Highlights 2014 After the licenses rounds in 2009 and 2010 to award the development of the major oil and gas fields in Iraq all the winning companies such as BP, ExxonMobil, Shell, Petronas, Gazprom, Lukoil, China National Petroleum Company (CNPC or PetroChina), Sinopec,TPAO or Total spent […]

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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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