Any exploration of upstream merger and acquisition trends and considerations has to start by stating the obvious, 2020 has been a turbulent time. It is not just in oil and gas that uncertainty has reigned, but in all aspects of the economy and society. Therefore, anything said in an analysis of 2020 and predictions for […]
While the natural assumption would be that oil and gas leaders would be opposing the energy transition, the reality is different. Although the global energy transition is a threat to the demand, social and financial future of the sector, they have a vital part to play in continuing international energy supply. The challenge The challenge […]
The state of the environment was brought into sharp relief with the COVID-19 pandemic. While you would have thought the world would be distracted by the virus, most were astonished by the improvement in the environment. The air cleared, wildlife emerged, and there was a sudden realisation that humans are the cause of the climate […]
It might seem oxymoronic to use sustainable and non-renewable energy in the same sentence. How can the oil and gas sector commit to sustainability when oil and gas resources are being depleted with each moment of discovery, extraction and production? However, if we apply an element of common sense, we can use the term sustainable […]
When there is something as dramatic as a pandemic, it is right to feel concerned about the security of the infrastructure. Although energy sector workers are considered key to our day to day lives, we might worry that supply outages are a possibility with people becoming ill and continued maintenance a challenge. Yet, there has […]
The Organization of Petroleum Exporting Countries (OPEC) is a cartel of 14 major oil-exporting countries. There are 12 oil barons who are said to control the world’s energy supply, with Ali bin Ibrahim- al-Naimi from Saudi Arabia said to have the most powerful voice. By regulating the supply of oil, OPEC attempts to manipulate the […]
The simple answer to the question posed in the title is “yes”. Yes, there is a skills crisis in the oil and gas sector. More than half of those working in the industry believe that the skills shortage is the biggest challenge facing the industry now and into the future. Retirement of older talent The […]
Investopedia lists regulatory uncertainty as one of five significant risk factors for the oil and gas sector. Along with variable prices and political upheaval, the possibility of regulation changes severely impacts confidence in the industry. Predicting trends Companies are having to exhibit courage in their convictions when ploughing ahead with compliance and risk initiatives. Despite […]
Coronavirus (COVID-19) has impacted all areas of our lives. It is no surprise, therefore, that it has and will continue to have a significant impact on the oil and gas sector. The situation we face The BBC (19th March 2020) reported that the North Sea oil and gas sector is in a “paper-thin position”. A […]
The wealth of knowledge and experience held in the highest leadership positions in oil and gas is an asset. There is no doubt that industry leaders in the sector demand the highest reward and bonuses for the talent they bring. Before we talk about succession planning, we must acknowledge the benefits of having this bank […]