Oil & Gas Insights

Energy transition: Mission (im)possible for industry?

Dutch industrial companies have a key role to play in repositioning the Netherlands to thrive in a low-carbon future. Despite technological challenges and the pressure of global competition, it is possible for them to lower their greenhouse-gas emissions in line with European goals.

Featured perspective

GEP report
Report

Global Energy Perspective, 2018

McKinsey Energy Insights has released the 2018 Reference Case from its Global Energy Perspective on long-term energy demand. Global CO₂ emissions are expected to plateau by 2030 due to major shifts in the global energy landscape, particularly related to electric vehicles and renewable energy sources. However, increased global energy demand means that emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway.

Sector Perspectives

Article

Recovery continues in the OFSE sector, but margins stay under pressure

– Higher oil prices should see the OFSE sector recovery continue, although margins remain under pressure.

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Market outlooks

Diesel demand: Still growing globally, despite Dieselgate
Article

Diesel demand: Still growing globally, despite Dieselgate

– Two years after Dieselgate, the impact of the diesel emissions scandal on final demand appears to be smaller than many expected, and has largely been offset by other demand drivers. Going forward, we expect global middle distillate demand growth to be fairly robust in the next few years.
Article

MARPOL implications on refining and shipping markets

– Opportunities will depend on how other sectors respond.

Editor's Choice

Article - McKinsey Quarterly

Why digital transformation is now on the CEO’s shoulders

– Big data, the Internet of Things, and artificial intelligence hold such disruptive power that they have inverted the dynamics of technology leadership.
Report - McKinsey Global Institute

What the future of work will mean for jobs, skills, and wages

– In an era marked by rapid advances in automation and artificial intelligence, new research assesses the jobs lost and jobs gained under different scenarios through 2030.

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More insights

Article

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.
Interview

From one well to thousands: The innovation multiplier in unconventionals

– Steve Schlotterbeck, CEO of EQT Corporation, comments on the opportunities and challenges of leading one of the largest producers... in the world-class Marcellus Shale region.
Interview

Delivering a world-class integration in oil and gas

– Transition CEO Huibert Vigeveno discusses what worked in Royal Dutch Shell’s integration of BG Group, its biggest acquisition... in more than a century.
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

From scenario planning to stress testing: The next step for energy companies

– Utilities and oil and gas firms have long used scenario analysis, but extraordinary times call for new measures.
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

O&G looks to align an expected price rise with today’s realities

– Many oil and gas companies are currently spending more than they earn, anticipating higher oil prices. If prices do not continue... to recover, 2017 could be a year of reckoning in the industry.
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.
Article

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.
Article

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.
Article

The oil and gas organization of the future

– Five ideas can help organizations adapt as technological and political trends reshape the industry.
Article

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.
Article

Five strategies to transform the oil and gas supply chain

– Companies in the oil and gas supply chain have gone from boom to bust in the past two years. Here are five strategies oil-field... service and equipment companies are exploring to adjust to the changing environment.

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