Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, August 30, 2014

On $22.4 trillion Worth of Global Oil & Gas Megaprojects

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

By Jared Anderson
Norwegian-UK Gas Pipeline Laid In the North Sea
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. See Kashagan in Kazakhstan as one

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