Offshore Leadership Forum 2017: Costs Lowered in the Short-Term, but Fundamental Changes Still Needed to Achieve Lasting Success

In December 2017, oil and gas industry executives gathered in Houston for the second annual Offshore Leadership Forum. Here are the key topics discussed.

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Nearly 100 oil and gas industry executives from owner companies, contractors, and service providers gathered in Houston, Texas, on Tuesday, December 5, 2017, for the second annual Offshore Leadership Forum....


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Cost Overestimates a Detriment to Airport Construction & Maintenance Projects

IPA research indicates that capital project systems delivering constant cost underruns are cheating stakeholders who expect maximum value from the capital spent.

By Maria Pinilla, IPA Advanced Associate Project Analyst

The construction and renovation of airport terminals and flight operations facilities worldwide represents a large portion of the capital being spent on infrastructure projects today. IPA’s assessment of capital projects at several airports globally shows a significant opportunity to enhance capital effectiveness in this infrastructure...


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UIBC 2017 Gathers to Tackle E&P Capital Project System Shortfalls

At UIBC 2017, IPA introduced new E&P industry research on improving pre-FEED efficiency, achieving project plans for production performance, and more.

Representatives of exploration and production (E&P) owner companies who are committed to improving the performance of their capital project systems gathered November 13-15, 2017, in Northern Virginia for the 21st meeting of the Upstream Industry Benchmarking Consortium (UIBC).

A chartered voluntary association facilitated by IPA, UIBC brings together oil and gas companies to review capital...


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Chinese Government Policy Pushes Chemicals Plant Relocation Activity

IPA offers insight into how chemicals companies can effectively manage execution risks of industrial site relocation without eroding project value.

 

The State Council of the People’s Republic of China issued guidance in early September 2017 on the relocation and transformation of industrial sites located near densely populated areas that manufacture or handle hazardous chemicals. The central government guidance, which represents a more hardline government push to relocate hazardous chemical sites near residential areas, stipulates that...


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No Measure, No Change: Project System Change Management Observations from the Field

For companies initiating capital project system change management efforts, having a measure of success is critical.

By Paul Barshop, Director, IPA Capital Solutions

I sometimes feel like a war correspondent embedded on the front lines of a major infantry battle. One army is trying to advance against the other. Except, in my case, I am a front-line observer of companies—owner companies, not military units—attempting to implement change efforts to improve capital project performance. The deeply entrenched...


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