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

September 4, 2014 by Jared Anderson

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]