Posts Tagged ‘petrochemical complex’

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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Independent Companies Business Model in Oil & Gas and Petrochemicals

The Independent companies of the Oil & Gas and Petrochemical market develop a new business model to award EPC contracts.

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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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Play Pro-Active from First Call to Last Call in Market Shift

Trace Market Shift from IOCs to NOCs & Independents In a Oil & Gas and Petrochemical market shifting from international oil companies (IOCs) to national oil companies (NOCs) and Independents, playing pro-active from First Call to Last Call in the pursuit of projects becomes a challenging process that we describe below for […]

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Bolivia YPFB progresses on Gran Chaco Petrochemical Complex

YPFB completed Tarija Ethylene – Polyethylene FEED The wholly state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is making good progress on its largest petrochemical complex after completing the front end engineering and design (FEED) work for the ethylene and polyethylene units to be built in the Gran Chaco Province within […]

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Fujairah Emirates LNG Terminal at bidding stage

Mubadala and IPIC review Emirates LNG EPC tenders The Abu Dhabi Sovereign funds Mubadala Petroleum (Mubadala) and the International Petroleum Investment Company (IPIC) are currently reviewing the tenders submitted by the qualified bidders for the engineering, procurement and construction (EPC) contracts to be awarded for the Emirates LNG Terminal and […]

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Ovia to invest $1.5 billion in Nigeria Quantum Petrochemical Complex

Quantum selected Ibeno for world-scale methanol plant The Nigerian Quantum Petrochemical Company Limited (Quantum) has decided to invest $1.5 billion capital expenditure in a world-scale petrochemical and methanol complex at Ibeno in the Akwa Ibom State of the southern Nigeria on the Gulf of Guinea. Quantum was recently founded by the […]

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One Day – One Country: Oman

Oman Key project and Business Highlights 2014 Although the Sultanate of Oman points only on the seventh position by crude oil proven reserves amongst the Middle-East country it attracts more and more international companies such as BP, PTTEP, Shell or Total to support the national companies Petroleum Development of Oman […]

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