March 2016

Columns

Project Management: Protect operating margins with outsourced asset management

The oil and gas sector is under pressure to maintain operating margins. Although oil prices have stabilized in recent months, they have, nonetheless, fallen dramatically in the last year. This has bee..

The oil and gas sector is under pressure to maintain operating margins. Although oil prices have stabilized in recent months, they have, nonetheless, fallen dramatically in the last year. This has been driven mainly by oversupply, which is due to a range of factors that include new reservoir discoveries and drilling techniques, the shale fracking boom, weakness in major economies, the growing availability of alternative energy sources and the introduction of ever-more-efficient combustion engines in cars, trucks, and industrial and power generation plants. Although the market for natural gas is slightly healthier, there is also growing concern as short-term supply is likely to exceed demand

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