Posts Tagged ‘natural gas’

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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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 LNG market has already awarded in 2018 twice more business than the entire 2017 year. At the beginging of the year our market analysis was already promising a boom for 2018 and […]

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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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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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Spectra Atlantic Bridge Project to pipe Marcellus gas to New England

Spectra to expand Algonquin and Maritimes Pipelines The midstream company Spectra Energy Corporation (Spectra) is planning to expand up northeast USA  the Algonquin Gas Transmission (Algonquin) system and Maritimes and Northeast Pipeline (Maritimes) with the Atlantic Bridge Project in order to pipe the shale gas from the giant Marcellus and […]

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Croatia LNG on track after South Stream project cancelation

LNG Croatia to build Balkans LNG import terminal hub The Zagreb-registered company LNG Croatia LLC (LNG Croatia) is planning to build the first liquefied natural gas (LNG) import terminal in Croatia to become a strategic hub on the north of Adriatic Sea to supply the Balkans region and Eastern Europe […]

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One Day – One Country: Thailand

Thailand Key Projects and Business Highlights  In Thailand the oil and gas and petrochemical activity is driven by the national oil company (NOC) PTT Public Company Limited (PTT) and its more know subsidiary PTT Exploration and Production Public Company Ltd (PTTEP) with the support of foreign majors such as Chevron or Mitsui Oil Exploration […]

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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 Musandam gas-fired power plant reaches EPC stage

Oman Oil Musandam IPP to replace diesel powergen The wholly state-owned Oman Oil Company (Oman Oil or OOC) and its partner LG International Corporation  (LG) from South Korea made the final investment decision for their joint venture Musandam Power Company (MPC) independent power plant (IPP) to be built at Tibat-Wilayat […]

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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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