Energy Quote of the Day: On $22.4 trillion Worth of Global Oil & Gas Megaprojects
Breaking Energy 2014-08-29
Summary:
Major oil and gas companies’ recent record of bringing large projects on stream within projected timeframes and budgets leaves much to be desired. Ernst & Young analyzed the performance of 365 megaprojects – those costing over $1 billion – and found 64% face cost overruns and 73% face delays. See Kashagan in Kazakhstan as one