Oil & Gas IQ Glossary: Mega Project
Large oil and gas field projects. In the past two years, more than $400 billion-worth megaprojects have been postponed, re-phased, re-cycled or cancelled
BHGE – the first “molecule to megawatt” contracting supermajor
July 31 by Oil & Gas IQ EditorThe super-merger of the year so far unites two giants in the service provider space as they embrace the digital revolution When General Electric announced its merger with Baker Hughes, it signalled t...
Death Of The Megaproject?: How to Solve the Problems Involved in the Oil & Gas Industry (Special Report)
April 15 by Tim HaïdarThe headstone of the oil and gas megaproject is being etched as you read these words…. In a world that has seen the price of a barrel of the Black Gold nosedive by more than 60 per cent i...
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...
Mega Projects: Cost Overruns In Oil & Gas
July 15 by 8over8 LtdProspective megaprojects in design – a combined group of over $400bn by most estimates – have now been postponed, re-phased, re-cycled or cancelled. Fueled by high oil prices for over a de...
Mega Projects: Keeping On Track When Oil Price Is At Rock Bottom
July 15 by 8over8 LtdIn June 2014, even when Brent prices were collapsing, the industry still did not believe that they could fall below US$50, but as the supply surplus grew, prices continued to drop. Early in 2015, the...
Lower Prices Demand A Hard Look At Costs: Ensuring Megaproject Performance In Oil And Gas
July 14 by Oil & Gas IQ EditorThe oil and gas megaproject industry knows how to be profitable even when prices drop below £40/bbl. But ten years of high oil prices has caused a greater than doubling of supply chain costs, an...
[INFOGRAPHIC] Your Take On The End Of The Megaprojects Era
January 07 by 8over8 LtdThe slump in oil prices has seen a tailing-off in the number of megaprojects - major infrastructure projects that cost more than $1 billion – on the drawing board throughout the energy industry....
[TRANSCRIPT] 4 Out Of Every 5 Oil & Gas Megaprojects Fail. But why?
July 21 by Tim HaïdarIn this edition of The Boardroom, we speak to Edward W. Merrow, founder and CEO of Independent Project Analysis, Inc about the startling number of megaprojects that do not hit the mark in the oil and...
The Optimism Bias - Megaprojects Fail Because We Are Hardcoded To Lie
February 24 by Tim HaïdarIn this exclusive podcast for Oil and Gas IQ, Tim Haðdar speaks with Giorgio Locatelli, Member of EU Megaproject Initiative and Senior Lecturer at the University of Lincoln. In the course of his i...
THE BOARDROOM: 4 Out Of Every 5 Oil & Gas Megaprojects Fail. But why?
July 01 by Tim HaïdarIn this edition of The Boardroom, we speak to Edward W. Merrow, founder and CEO of Independent Project Analysis, Inc about the startling number of megaprojects that do not hit the mark in the oil and...
Oil and Gas Production: The Blueprint For EPC Success In 5 Easy Steps - Megaprojects Oman
March 19 by Oil & Gas IQ EditorOil and Gas Production Content Series Although the current trend in investment offers many opportunities to EPC contractors, there are plenty of challenges that must be addressed whilst executing the...
Smart Ships Serving Megacities?: One Possible Future For Offshore Vessels
March 05 by Tim HaïdarWith a downturn in economic fortunes the world over and pressures on carbon emission reduction, where is the future of shipping headed? In this exclusive interview, we speak with Professor Jùrg...