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    MicroSeismic wins second Department of Energy grant for carbon capture and storage services

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    UN Condemns Energy Giants For Ignoring Science of All Things

    Global oil and gas projects pipeline at US$4 trn

    BP begins gas production at West Nile Delta project

    BP begins gas production at West Nile Delta project

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    Bechtel and Cheniere Deliver LNG Ahead of Schedule on US Gulf Coast

    ABB wins $79m order for Bab onshore project in Abu Dhabi

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    Phillips 66 and Bridger Pipeline LLC Announce Open Season for Rockies and Bakken Crude Oil Pipeline System

    BHP successful in bids for blocks in the offshore Orphan Basin in Eastern Canada

    Operational excellence and safety continue to be a key driver in oil and gas sector

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    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

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    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development

    Saudi Arabia’s NEOM hydrogen mega-project cost soars to $8.5 billion

    OERA & ONHYM Reach Agreement to Enhance Offshore Energy Research & Development

    Santos receives major approval for oil and gas development offshore Western Australia

    Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields

    chevron invests in carbon capture and removal technology company, svante

    bp looks to further developments at Tangguh with PSC extension

    Falcon Oil & Gas completes successful drilling operations in Australia

    N’GENIUS solution on the horizon for oil, gas and LNG industry

    QatarEnergy, GE to develop carbon capture roadmap

    QatarEnergy, GE to develop carbon capture roadmap

    Equinor Energy

    Transocean secures offshore drilling rig contract from Wintershall and OMV

  • Market Reports
    CNOOC Limited Announces Caofeidian 11-1/11-6 Oilfield Comprehensive Adjustment Project Commences Production

    Vital Energy acquires oil production assets in Permian basin for $128 million

    INPEX sells Eagle Ford tight oil production and development assets to Repsol

    Matador Resources acquires Delaware basin assets for $1.6 billion

    Funding For Oil And Gas Industry Is Evolving Dramatically

    Marathon Oil Completes Eagle Ford Acquisition

    Neptune Energy producing natural gas from Merakes project in Indonesia

    Fresh Gas Supply Need Is Created By Australian Energy Crisis

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Chevron Announces $15 Billion Capital and Exploratory Budget for 2022

    Aramco announces second quarter and half-year 2021 results

    Aramco announces second quarter and half-year 2021 results

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The Post-Megaproject Era: Five key actions to reshape project delivery in a world of energy competition

Yuvraj_ong by Yuvraj_ong
July 18, 2016
in News
0

In the past two years, more than $400 billion-worth megaprojects have been postponed, re-phased, re-cycled or cancelled:  it is unlikely that any of them will ever feature in the future energy landscape.

 

Yet this is potentially a good thing. Over the span of the previous decade, the majority of oil and gas megaprojects have landed more than two years late and more than 60 per cent over budget. The industry may well have saved itself a further $200bn or more in wasted capital. Change is necessary and overdue.

 

Large investment bets in megaprojects are now too high a risk in a world of increasing energy efficiency. 

 

A structural change in projects is therefore required from volume to efficiency via a three-point framework of portfolio philosophy, screening realism and system changes, and five key actions to deliver more efficient projects.

 

In the course of this webinar, we will outline:

 . An understanding of oil and gas project performance over the past decade, and rationale
 . Greater appreciation of the role of structural vs managerial issues involved
 . Insight to how the world of energy competition and oil price is creating a major change in project direction
 . Potential solutions and direction of project management required now for success in the future

 

Presenters:

Clare Colhoun 
CEO
8over8 Limited

 

As 8over8’s CEO, Clare Colhoun has over 20 years of diverse experience in capital project intensive markets and has driven profitable company growth since December 2000. Prior joining 8over8, Clare held executive positions in strategic planning and Finance in global blue chip businesses.

Harry Benham 
Director
Carbury Consulting

 

Harry Benham is a seasoned Oil & Gas professional with over thirty years’ industry experience in contract management across a wide range of disciplines. In the last 15 years, Harry managed some major upstream projects at BP in the UK and Azerbaijan, Shell Prelude and Browse FLNG and was the Head of Discipline at BP and Shell.

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