Success in world oil production as well as gas production and operations can have multi-million dollar implications, whilst mistakes could threaten the very future of the companies we work for. This industry resource focuses on world oil production, offshore oil production, oil management initiatives, and gas production. Oil and Gas IQ is developed by the industry - for the industry, and aims to ensure that best practices are shared and that right lessons are learned amongst our valued global community.
Production and Operations
Research suggests that on time and on budget completion of complex projects is the exception rather than the norm. In 2014, EY analysed 365 complex projects and found that 64% face cost project overruns and 73% report delays. Completion costs were, on average, 59% higher than initial cost estimates – an increase in total of US$500bn. Clearly, nobody sets out to fail but it appears that they are far from isolated examples when they do. So, what’s going wrong? Full Article »
Lau Siew San of Motorola Solutions explains how a remote telemetry solution is applied with SCADA over TETRA. Just another example of what TETRA customers can use their network besides voice. Full Video »
In this exclusive podcast, we speak with Fred Haney, Executive Director, Design Engineering at Fluor Corporation and the inventor of 3rd Gen Modular Execution about modular construction from the EPC viewpoint. In the course of this interview, Fred touches on: Logistical challenges associated with large-scale modular construction and Full Podcast »
As the price of crude oil again approaches five-year lows, it’s more critical than ever for owner-operators to effectively manage the collaboration with their extended teams of suppliers and vendors. Despite the changing market dynamics, energy companies continue to invest in a growing number of capital projects, especially in emerging regions of the world. Full Column »
We have compiled the perspectives of some of the leading organizations in the industry to provide you with a 13-page Economic Investment Report in order to help guide your understanding of the market and how you can apply lesson's learned to your current suite of projects Full Whitepaper »