Obviously, the aren’t concerned with the rise of consultants’ fees, seeing what they still shell out and force us to play by their rules.
Dateline 2014-01-21, Malaysian Reserve:
Rising operational costs and uncertainty over oil prices are the biggest barriers for growth for oil and gas (O&G) firms, according to most senior professionals in the sector in Asia Pacific, a study from O&G adviser DNV and Germanischer Lloyd (DNV GL) said.
A survey of more than 430 O&G professionals and interviews with more than 20 industry executives found that 90% were confident about the industry outlook in 2014 and 41% were concerned about the costs.
“As a result, operators are having to keep a tighter rein on capital expenditure, with operators undergoing pressure to extend the life of existing assets and increase the return on these investments,” the study “Challenging Climates: The outlook for the O&G industry in 2014” published by DNV GL said yesterday.
Only less than a quarter (22%) of operators in Asia Pacific believe they are on track to hit their targets this year, according to the report.
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Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 