Definition: “MoU” is the acronym for Memorandum Of Understanding. MoU may also be called Letter of Intent (LoI) Comments: A MoU is a document by which two parties describe how they intend to work together. It can be just a technical base line of co-operation or a more extended agreement with commercial and financial terms. Depending on […]
ReadIECEx addresses safety issues in the Ex field. The IECEx, the IEC System for Certification for Standards relating to Equipment for Use in Explosive Atmospheres, and ESMA (Emirates Standardization and Metrology Authority), in conjunction with UNECE (United Nations Economic Commission for Europe), have organized the 2012 IECEx International Conference in Dubai, United Arab Emirates, on last 20-21 March 2012. The conference […]
ReadDefinition: More than the size of the company and its market share, the Market leadership is related to the capability to: Drive the decisions along the supply chain. Lead the good practices in a given market. Comments: Key Drivers to Market Leadership Anticipate on deep market needs and Focus on key targets Manage the key […]
ReadDefinition: A “Lump Sum Turn Key (LSTK) Contract” refers to bidding terms and conditions between the End User and an EPC which don’t allow any financial change for a given scope of work until the EPC is able the deliver the newly built plant in full operations to the End User. Comment: The benefit of […]
ReadINPEX has established a joint venture with Total, a France-based firm, with the parties holding 76% and 24% shares, respectively. They announced on January 13th 2012 that they have taken the final investment decision for the Ichthys liquefied natural gas (LNG) project in Australia. The project budget jumped by 70%, from US$20 billion dollars to […]
ReadThe most advanced solutions to make the Oil & Gas and Petrochemical market easy to win Introduction The Oil & Gas and Petrochemical market is huge, more than $500 billion capital expenditures (CAPEX) per year. In this context, 2B1st Consulting is mobilizing experts from the Oil & Gas and Petrochemical industry together with communication specialists to provide a comprehensive view of this market and make it easy […]
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