ogp projects
Definition: The wording “Grass-roots” refers to a new plant to be built up from scratch. It has no connection with the process to be used. Comment: “Green field’ is the most common synonym of “Grass-roots”, both oppose to “Brown field” which is used for existing facilities. For more information and data about oil and gas […]
On February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per million btu in July 2008, the massive development of the shale gas is not […]
Definition: The acronym “EPCM” stands for “Engineering, Procurement and Construction Management”. It may also be called “EPCS” for “Engineering, Procurement and Construction Services” or “PMS” for “Project Management Services”. As expressed clearly in the “PMS” definition, the “EPCM” refers to very different role from the “EPC” where the engineering company having the “EPCM” contract, supports […]
