Most industrial sectors require a stable world economy to thrive. Certainty provides a foundation from which long-term vision and strategy can be actioned, with limited impact from external threat. As oil and energy is a commodity, the oil and gas sector is particularly vulnerable to fluctuations in the world economy. Introduction of uncertainty can threaten […]
The decisions of politicians impact many sectors of the economy. The banking sector, for instance, has long since dealt with government regulation and intervention. Therefore, the oil and gas sector cannot say it is victimised or claim to be a unique economic ecosystem. However, the impact of politics on the fluctuations in the price of […]
As we enter the new year, the best of us are seeking to predict what will drive us forward and what will hold us back in 2019. Here we present a possible vision for this coming year and how the oil and gas sector might respond. Tailwind: Improved technology will drive rationalisation of the workforce […]
The global shortage of electronic components is impacting every electronics manufacturer across the globe, causing unavoidable production delays for many of their customers. It’s an issue which is set to continue into next year and it may well take until the end of 2019 for component manufacturers to catch up with demand. As one of […]
The oil and gas sector is a sprawling industry. The length and breadth of the supply chain is mind-blowing. With the pressure on prices and the reluctance of the consumer to bear the weight of increased costs, the time has come when collaboration is the only way to ensure effective and efficient delivery. Here we […]
Another revolution… really? There are probably too many revolutions happening in the oil and gas sector – the information revolution, the environmental revolution… and more. Is it hyperbole to suggest there is a revolution in the use of digital technology? Yet, there are some commentators that go so far as to suggest that digital technology […]
The shale industry is impacted by the levels of oil production in other areas. When oil demand is satisfied easily then the prices go down. This is a truth about the oil industry full stop – whether it is shale or traditional oil exploration and production. However, this is not the first question that needs […]
Does the oil and gas sector face an existential threat? There is a natural inclination in the press and in political circles to paint the oil and gas sector as an enemy of the environment. Companies such as Exxon Mobil, BP, Adnoc and Saudi Aramco are all seen as the villain bringing about global climate […]
The problem of Big Data The oil and gas sector is no different to any other industry – it is overwhelmed by more analytics than it can possibly cope with. Big Data may seem like a term coined in management conferences – but, in reality, it is as much of a challenge to oil and […]
What are the causes of the increased confidence in the oil and gas sector? Confidence is high is the oil and gas sector. Stocks are on track to show the best performance since 2011. Recently US crude oil hit a 3-year high. Production is up, 22% according to the SPDR, and areas of underperformance have […]