The oil and gas industry has been in recovery mode for at least a year now, and although the improvement in performance is clearly there, the pace of the recovery has been somewhat uneven. Large-scale projects are usually a good gauge of an industry’s performance, so, as Wood Mackenzie analysts noted in a recent report , a lineup of megaprojects scheduled for final investment decision over the next 18 months will tell us how the recovery is actually going. Right now, says Wood Mac analyst Angus Rodger, author of the Better Project Delivery: Upstream’s Value Opportunity report, investors are watching oil and gas companies closely in anticipation of more good news after the launch of several megaprojects on time and within budget, and, of course, the increased investor returns. The problem with the industry seems to be that when the going is good, financial discipline tends to slacken off […]