More from: Market trends

Capital projects in the era of $50 oil – Part 2

The two-legged stool.  In this second installment of my exploration of the new reality of capital project delivery, I take on a sacred cow of the project management dogma: the constraint trifecta, named for the trade-off triangle familiar to anyone who was ever associated with projects (see image below).  Traditional project management (TPM) practice states […]

Great Expectations

  An ironic consequence of the great dislocation in the oil and gas industry has been the recovery of control over a hitherto spiraling cost structure, by those who hold the purse strings.  The worldwide onslaught of lay offs, both the necessary and the opportunistic, have transformed owners and producers into de facto monopsony hegemons […]