Oil & Gas Insights

Unlocking future growth for deepwater in the Gulf of Mexico

Unlocking future growth for deepwater in the Gulf of Mexico

McKinsey projects deepwater prospects will be an important part of future global oil and gas supply, with the Gulf of Mexico representing a sizable portion of new production expectations for 2030.

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Building a great data platform

– Five insights into building a great data platform can help energy, chemical, utility, and basic-materials companies get it right.

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Market outlooks

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OFSE quarterly: Service firms reboot amid high oil prices

– Crude oil prices stayed relatively high and stable during the second quarter. While margins improved for many oilfield services and equipment firms, some still struggle to crack the code of profitability.
Article

OFSE quarterly: Continued rise of North American shale amid increasing oil prices

– As oil prices rise to levels not seen since 2014—primarily due to geopolitical risk and production cuts—we expect to see further improvements in the OFSE sector and a renewed emphasis on North American shale.

Editor's Choice

Interview - McKinsey Quarterly

How the Houston Astros are winning through advanced analytics

– In the first of a two-part interview, the architect of last year’s World Series champions shares how analytics, organization, and culture combine to create competitive advantage in a zero-sum industry.
Report - McKinsey Global Institute

Smart cities: Digital solutions for a more livable future

– As cities get smarter, they are becoming more livable and more responsive—and today we are seeing only a preview of what technology could eventually do in the urban environment.

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More insights

Article

Is growth taking root?

– Higher oil prices early in the year helped the OFSE sector recover in Q2 2017, driven by strong growth in North American shale,... and the promise of an improvement elsewhere.
Article

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.
Article

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

Prosperity postponed

– Some stability returned to the OFSE sector in Q1 2017, with strong US onshore performance offsetting moderate decline elsewhere.... However, prosperity has not yet arrived as oil prices went sideways.
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.
Interview

Taming the Mad Dog: Making oil projects work in a low-price environment

– BP’s Starlee Sykes discusses the future of deepwater development.
Article

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.
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.
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