Oil & Gas and Petrochemical Resilient in 2020. The Oil & Gas and Petrochemical market has proven to be more resilient in 2020 than feared or expected. The national oil companies and the independents took a leading role turning the market reality far above the market perception left by the international oil companies.
ReadThe USA Presidential elections this month have retained the attention of all business leaders worldwide. Now the result is known, declaring Mister Biden the next president of the United States of America, it is time to wonder what are the US election impacts on the Oil & Gas and Energy market.
ReadIn this period of social and economic confusion, Gas projects seem to benefit from an exceptional stability.
The level of investment for gas projects is equal in 2020 to 2019.
ReadAs part of the underlying Oil & Gas and Petrochemical market revolution, the business model for projects is changing.
In fact, the new business model is a return to the basic of ROI (Return on Investment) calculations.
Thus, the new business model aims to shorten project timeline while controlling costs. Delivering “Fast-track” projects in 2-3 years.
Surprisingly, the Oil & Gas and Petrochemical market stands robust on Q3 2020 by reaching 12 months 2019 capital expenditure.
ReadWater Desalination is the conversion of sea water into potable water.
Desalination is a process commonly used in desert regions which can not use rivers, lakes, or ground waters as viable source for populations.
Removing the salts and other minerals from seawater will be the only source of potable water for 15% of the world population by 2025.
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