Our Insights

The future of HR in oil and gas

The war for traditional technical talent is now less fierce, while intensifying for new skill types. We see three themes for HR of the future in oil and gas, with implications for HR strategy and operating model.
The future of HR in Oil & Gas

Sector Perspectives

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Reimagining supply-chain collaboration in a low-oil-price environment

– A new approach to collaboration, within a company, between suppliers, and across the industry, could unlock savings that would increase profitability and safety.
Article

Implications of a border adjustment tax

– The US is debating a number of trade and tax proposals, including a border adjustment tax (BAT) that could significantly affect both crude and refined product markets.

Market outlooks

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Winning the recovery: Sustainably holding down costs in an upturn

– In the downturn, efficiency became O&G’s priority. But as prices rise, cost discipline can be lost. Successful producers will bring the lessons of the downturn into the recovery.
Article - McKinsey Quarterly

Three game changers for energy

– New sources, mobility, and industry fragmentation are set to disrupt the system.

Editor's Choice

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Preserving the downturn’s upside

– Plummeting prices forced oil and gas companies to get serious about rising production costs. They have. Now the challenge is to preserve those gains.

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More insights

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The oil & gas supply chain returns to growth after more than two years

– OFSE quarterly revenue edged up for the first time since Q3 2014, helped by an oil price–driven recovery in capex. But most... activity is in the US onshore, with sectors elsewhere still facing slim pickings.
Interview

Spectra Energy: ‘We go where the lights are’

– President and CEO Greg Ebel on how Spectra Energy became one of the most successful pipeline companies in North America and the... future of the industry.
Article - McKinsey Quarterly

Rethinking the oil and gas organization

– Organizational choices made during a time of resource scarcity need reexamination when the cycle turns.
Article

Oil-field services sector gears up for a recovery … but is not there yet

– Stabilizing oil prices stimulated activity in some areas, which fed through to the OFSE sector, helping support the market. Emerging... consensus amongst OPEC countries is likely to position the market for recovery; however, execution remains a challenge.
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What slowing additions to refining capacity will mean to the industry

– Announced refining capacity additions remain high relative to recent history, but will be lower than previously forecast. Conversion... investments continue to exceed distillation and will increase complexity in the refining industry with potential opportunities for refiners, traders, suppliers, shippers, and the EPC industry.
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As gasoline demand booms, don’t sleep on diesel

– In 2015, gasoline-diesel differentials favored gasoline for the first time in many years, but the longer-term future favors diesel,... and meantime refiners need to be able to swing between the two.
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The oil and gas organization of the future

– Five ideas can help organizations adapt as technological and political trends reshape the industry.
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Decoding the US refiner’s exposure to RINs

– Renewable fuel credit prices have been high in 2016 for US refiners. Evidence suggests much of this cost passes through, but market... volatility and a lack of transparency may mean refiners are still exposed.
Commentary

Five technologies for the next ten years

– Over the next decade, mobile, the Internet of Things, machine learning, robotics, and blockchain technologies will change a great... deal about how the oil and gas industry works.
Commentary

The next frontier for digital technologies in oil and gas

– Harnessing new technologies could boost efficiency—a mandate that’s especially important for oil and gas players globally.
Article

The oil field services and equipment market escapes its free fall

– While OFSE revenues contracted again in Q2, the rate of the decline is slowing, suggesting the sector is starting to benefit from... an increase in activity.

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