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Oil & Gas / Petrochemical

 
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Welcome to the Oil, Gas & Petrochemical Community.

Group Mission/Vision: Provide its members with insights to new trends and emerging practices in the fields of contracting, commercial and relationship management in the oil and gas sector. This community was started by the members of IACCM in the industry to talk about issues particular to them.

The Petrochemical, Oil and Gas Community of IACCM is a global group of contracts and commercial practitioners from companies in the Petrochemical, Oil and Gas industries. The Community will create and share knowledge, within legal and ethical boundaries. The group will provide help to solve problems raised by its members related to the activites associated with commercial and contract management in the Petrochemical, Oil and Gas industries. This will be done by sharing ideas, discussing challenges, exploring new directions and, where appropriate, initiating research or inviting experts to present on key topics in the oil and gas sector related to contract, commercial and relationship management. Since this is a highly regulated industry, please be mindful of that when making postings.

The Community will:

  1. Build a vibrant network of contracts and commercial practitioners in the Petrochemical, Oil and Gas industries.
  2. Offer networking events whenever possible to our community.
  3. Provide standards and best practices for use by our community.
  4. Provide Ask the Expert Calls.
  5. Review available training and provide quality IACCM training in the Petrochemical, Oil and Gas industries
  6. Provide Subject Matter Experts and a “body of knowledge” for our community.
  7. Provide breakout forums at IACCM conferences for Petrochemical, Oil and Gas industry subjects.
 
 
Community Updates

Fostering Collabloration

Fostering an environment of collaboration in businesses large and small is a continuous process that is not without its difficulties, but research suggests it is worth the effort. Collaboration not only plays a key role in making strategy personal-this report finds a consistent correlation between effective enterprise-wide collaboration and business success. This EIU research, sponsored by BTS, explores whether firms are leveraging collaborative techniques to improve business success, the difficulties of collaboration and the value of collaborating across functions and levels to achieve strategic alignment. It is based on a survey of 249 business leaders in North America, Europe and Asia-Pacific. Key findings from the research include: • Effective collaboration correlates with better business results. In terms of market share leadership, the study found that leader organisations more often say it is practised routinely, than non-leader organisations (73%). • In top-performing companies by industry market share, collaboration is believed to be more effective at every level, from the C-suite down to line employees • Top-performing companies collaborate differently. They more frequently use collaboration to fix intra-organisational issues, such as planning future endeavours, while non-leaders are more frequently collaborating to fix specific client and customer issues • Collaborative culture is less fully realised in many large organisations, but executives from these companies remain convinced collaboration will play an increased role in the years to come

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Performance indicators for contract managers

I want to share a question that appeared this week on the IACCM message board. 'Has anyone had any success in setting up and managing KPIs for Contracts Management. The intent would be to set internal KPIs for our contracts team. Since the 'success' of a contract (say a construction contract) is influenced by many factors outside of the Contracts Administrators control I don't want to set up KPI's on contract value/growth etc. Some obvious ones are timeline to execute contracts, timeline to review invoices, execute changes etc but they don't really seem to add much 'value' - any thoughts?'

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Contracts Management in EPCC Business of Oil & Gas, Petrochemicals Projects -Middle East

I have recently joined IACCM, currently in to Procurement & Contracts Management for a Construction Company of Oil & Gas, Petrochemicals Projects -Middle East.

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