Short-Cycle Projects: New Focus for E&P Operators

Many E&P owner companies owners are using a flawed approach to delivering short-cycle projects, resulting in millions in wasted capital.

By Ifunanya Onwumere, IPA Associate Project Analyst

The exploration and production (E&P) industry, forced by market context, is shifting its focus and capital investment priorities. Starting with the downturn in oil prices in 2014, oil and gas companies have been cutting back on capital investments in large, high risk – high reward, long-cycle projects—the projects often referred to as...


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IBC 2017 Showcases Capital Projects Best Practices and New Research

IBC 2017 will deliver new research on necessary construction manager skills, change management, cost conservatism, and site-based organizations.

The annual meeting of the Industry Benchmarking Consortium (IBC) is being held March 20-23, 2017, at the Lansdowne Resort in Leesburg, Virginia. A voluntary association of owner firms in the capital intensive industries, the IBC fosters improved effectiveness of its members’ project systems, resulting in more competitive capital project outcomes. Pharmaceuticals, commodity chemicals,...


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Offshore Leadership Forum 2016: E&P Project Executives Discuss Need for Fundamental Changes

At the inaugural Offshore Leadership Forum, E&P industry executives shared ideas to improve and sustain the capital efficiency of major oil & gas projects.

Improving and sustaining the capital efficiency of major oil and gas projects was the focus of the Offshore Leadership Forum 2016, an inaugural event organized by Independent Project Analysis (IPA) and Offshore Magazine on December 6, 2016. Agreeing that “lower oil prices for longer” may in fact be a “lower prices forever” situation, senior exploration & production (E&P) industry leaders said...


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A Lull in Regional Project Investment in Latin America

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Latin America Capital Projects Update

By Carlos Flesch1

Over the past 2 years, the project landscape in South America has changed dramatically. The number of megaprojects announced or in development has dwindled as commodity prices declined. Gone are the days when higher commodity prices spurred investments in large plants and asset capacity increases. Today, rather than allocate capital...


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MMM Industry Shows Early Signs of Improvement In Australia, Project Market Trends Shifting in Asia

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Asia-Pacific Capital Projects Update

By Rolando Gächter, IPA Regional Director, Asia-Pacific

Given the diversity of this part of the world, the following update provides a snapshot of capital project activity and market updates for three countries in the Asia-Pacific region—Australia, China, and India. IPA has an established track record of working with various process and manufacturing...


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