The oil and gas industry is currently exploring the best path forward when it comes to energy transition, decarbonization, volatile oil prices, and more sophisticated government regulation.
To help companies keep up, we leverage our expertise in developing new business models, transformational strategies, digital and operational approaches, and cost reduction programs—initiatives that deliver real value in the oil and gas industry and contribute to a path toward decarbonization.
By combining our deep oil and gas industry experience with proprietary digital technologies, advanced analytics, and extensive decarbonization expertise, BCG’s oil and gas consulting teams deliver lasting change to clients around the globe. Read about the impact we’ve had and the solutions we bring.
Shell and BCG Digital Ventures have worked together on many occasions to reimagine the future of oil and gas. This time, they sought to address an important challenge for the mining and construction industries: how to maximize the productivity of equipment.
Together, we need to rethink our energy production and consumption, come up with holistic solutions, and respond to the challenges and opportunities facing our planet.
BCG worked with OGCI Climate Investments to ensure its $1 billion climate fund could maximize the impact of its investments. Read more on the climate action approach and overall impact.
The Dutch government is facing a wave of decommissioning commitments, driven by aging fields and the volatility of oil prices. The challenge: leveraging the latest cost reduction strategies in the oil and gas industry to manage that decommissioning—estimated to cost a minimum of €6.7 billion—safely and efficiently.
One of India’s leading companies in the oil industry was facing a fundamental change in its core business: to transition from traditional fuels toward electricity, natural gas, and other low-carbon energy sources for mobility. In response, the company wanted to aggressively expand into the faster-growing petrochemicals market. But first it had to determine which segments of that market to target and then develop a sound plan for moving into each.
BCG’s global refining model provides insight into the current and future refinery sector and petroleum products markets.
BCG’s performance database for unconventional assets manages detailed information on leading shale operators and basins.
The Center for Energy Impact (CEI) engages a changing industry in new and different ways by providing expert insight to drive long-term success for energy companies around the world. Through this center, our energy consulting teams shape thinking about the future availability, economics, and sustainability of the world's energy sources. They also explore implications of industry-altering, unforeseen events like the pandemic for energy companies and their portfolios.
BCG’s Center for Digital in Oil and Gas transforms companies by developing cutting-edge digital solutions that help them achieve end-to-end digital transformation through innovative business models, world-class tech functionality, and support functions of the future.
We partner with clients across the public, private, and social sectors to align their strategy, operations, and stakeholder engagement with decarbonization and alternative energy business opportunities. Our work is supported by BCG’s range of consulting experience across all industries and capabilities.
Dispatch from Davos: Energy Companies and the Race to Save the Planet Energy companies are leveraging technology and collaboration to decarbonize their business, transition to new sources of energy, and build a cleaner future."
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Are Oil Companies Prepared for the Changing US Energy Landscape? Fundamental forces in mobility and power generation could pressure traditional oil and gas companies to transform the way they do business in the US. And these transitions may arrive faster than many executives expect."
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Energy transition: the new and necessary mindset for the energy sector At last week’s Mexican Energy Forum, I gave a keynote on a topic of serious importance to energy sector leaders everywhere: Disruption is coming, and you’re probably not ready."
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The Future of Oil and Gas The uncertainty surrounding demand amid a shift in the cost of supply creates challenges but also opportunities for companies."
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Oilfield Services and Equipment: Five Years, Five Themes Since 2014, BCG has tracked the performance of 100 companies across ten segments. Now, after five years of coverage, five themes characterize today’s market."
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F. Scott Fitzgerald’s Advice on Global Warming As we mark Earth Day today, it can be easy to get discouraged about global warming and its impact to our planet."
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