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megaprojects

Energy Quote of the Day: On $22.4 Trillion Worth of Global Oil & Gas Megaprojects

September 4, 2014 by Jared Anderson
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Energy Megaprojects

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.[read more]