Oil & Gas IQ Glossary: Contract Management
The creation, execution and analysis to maximize operational and financial performance. The contractor usually has the responsibility to produce a detailed design and meet the performance output requirements of the specification. However, when latent errors are found in the pre-tender front-end engineering and design studies during the course of detailed design, claims are invariably made by contractors as a result.
Controlling Contract Growth: Report
December 13 by Oil & Gas IQ EditorCoreworx and Oil & Gas IQ present this report detailing the challenges, predictions and opportunities when it comes to controlling contract growth in large capital projects.
Contract growth in construction projects [infographic]
November 08 by Oil & Gas IQ SurveysOil and Gas IQ and Coreworx have teamed to survey the industry on the subject of contract growth for engineering and construction projects. The initial findings of the challenges and trends are availa...
Mega Projects: Avoiding Contractual Disputes
July 15 by 8over8 LtdBy their nature, mega projects are funded by well-resourced organisations. Typically, funding security has allowed some elasticity for overruns and the associated cost, which recent experience has ill...
Contract Management: Why Use A Shotgun To Kill A Fly?
July 15 by 8over8 LtdContract management platform… A few years back, at a UKTI event, I briefly met with the CFO of one of the largest oil companies in South America. His company was about to embark on a...
We Need To Talk: Why Contractor Relationships Matter
July 14 by Oil & Gas IQ EditorBecause risk and uncertainty increase with the size of a project, the most important focus for operators should be the relationships with their contractors. That’s because these relationships wi...
[ANALYSIS] Modular Construction: The Operator And Contractor Perspectives
June 10 by Oil & Gas IQ EditorAs the oil and gas industry retrenches in the current price downturn, projects across the offshore and onshore world are feeling the pinch of crunching credit and tightening margins. In this piece, w...
Contractual Risk Management In Capital Projects – A New Frontier
November 30 by Oil & Gas IQ EditorThe Oil and Gas Industry is investing heavily in capital projects with a view to finding more recoverable reserves. Upstream global investment reached almost $700bn in 2013, much of this investment wa...
ERP: Enterprise Resource Planning for the Oil & Gas Contractor and Vendor Community
October 21 by Oil & Gas IQ EditorExecutives at contracting, engineering, equipment suppliers and professional service companies serving the asset-intensive oil and gas industry know that this is a challenging time to be in the busine...
11th Annual Advanced Contract Risk Management Summit 2013 - Oil & Gas Industry Event Preview
September 20 by Oil & Gas IQ EventsAdd Value and Limit Liability through Effective Contract Drafting and Negotiation 09 - 11 December, 2013 | Aberdeen, UK Are you up-to-date with some of the latest developments in oil and gas law...
ERP For Drilling Contractors - Raising The Standards For Visibility, Performance & Control
June 09 by Oil & Gas IQ EditorThis whitepaper emphasizes areas of particular importance and what you must consider and account for when selecting an ERP solution for your contractors.
CONTRACT DRAFTING: 84% Of Lawyers Still think Macondo Is A Factor
June 05 by Oil & Gas IQ EditorAs oil and gas companies the world over are reaping the whirlwind and living the boom times, so are the companies that broker the deals and seal the mergers – law firms. Although the money has...
FPSO: Common Pitfalls in Contract Negotiations - David Boggs, EMA
March 25 by Sumit DuttaInterview with David Boggs, Managing Director, Energy Maritime Associates discussing the topic of FPSO contract negotiations.This discussion was hosted by Darwin Jayson Mariano at the 13th Annual FP...