Digital Technologies for Petroleum and Renewable Projects
Digitalization is the driver of innovation in petroleum and renewables projects. As illustrated below, it can apply in three different areas of the company:
ReadDigitalization is the driver of innovation in petroleum and renewables projects. As illustrated below, it can apply in three different areas of the company:
ReadThe Data Governance is the set of rules defining the data: property, storage, protection, and in case of exploitation how it should be shared or rewarded.
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.
ReadWhere do we stand 6 months in 2020?
we decided to investigate the reality of data and crunch our numbers from www.projectsmartexplorer.com to make an inventory halfway through the year.
Today trends on the market give us the forecast Capital Expenditures for 2020 should end-up at the same level or above compared to 2019. Previsions for 2021 are also high, fueled by projects postponed.