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.

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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.

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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.

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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.

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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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