procurement

Sasol ups US project cost estimate; UP, Katoen Natie start resin export service

Jun 15, 2016

Petrochemicals news you need to know.

Rising capital costs provide warning to Arabian Gulf petchems developers

Apr 8, 2016

Construction costs for petrochemical and refining projects in the Gulf Cooperation Council (GCC) region are up 2-4 times compared to 14 years ago, according to Koen Vermeltfoort, principal Capital Productivity Practice at McKinsey & Company.

Project owners use lean methods, reverse-phase schedules to cut risk

Mar 24, 2016

Petrochemical owners can reduce the volatility of the current business environment on the scope of their projects by maximizing their front-end planning (FEP) and implementing lean principles in engineering and construction, according to a panel of experts...

Plant builders use design-stage data tools to offset impact of tight skills market

Sep 30, 2015

Design-stage innovations such as three-dimensional isometric projections delivering extra detail to field craft are improving schedule performances and reducing the cost of major US capital projects, according to John Fish, director - Project Support Services...

Petrochemical owners shift from speed to cost-driven execution strategy in uncertain times

Mar 6, 2015

EPC companies in the US Gulf Coast expect a move from cost-reimbursable contracts back to lump-sum contracts as the delays in capital spending free up resources for ongoing projects