1 Apr, 2021
Introduction to Production Sharing Contracts
This article gives an introduction to the three basic parts of production sharing contracts - cost recovery, division of the “profit oil”, and royalty and income taxes.
Read More >1 Sep, 2020
How to Avoid Surprises During a Turnaround and Deliver Your Brownfield Project Successfully
The “biggest” Brownfield project challenge is fully understanding the existing condition of the facility where the project will be installed. This article addresses techniques that a project engineer can utilize to mitigate surprises and ultimately, manage scope changes.
Read More >1 Apr, 2020
Improving Supplier/Contractor Relationships on Projects: TPI to the Rescue!
This Tip of the Month dives into a study on how technical process integration (TPI) positively impacts operator-supplier relationships and discusses seven best practices for implementing TPI at your company.
Read More >1 Mar, 2020
How to Build a Business Case for Project Management
This Tip of the Month gives you a four-step process that you can use to build your own business case for project management at your company.
Read More >10 Feb, 2020
Economic Fundamentals of Oil Pricing
This Tip of the Month discusses the fundamental economic factors that determine the price of oil in the long term and the global standards for crude oil valuation.
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