Upstream Oil & Gas
BCG is optimizing costs and unlocking investments in exploration and production around the world.
The oil and gas industry is grappling with a range of complex challenges: energy transition, increasingly volatile oil prices, intensified global competition, the rise of disruptive technologies, and more sophisticated government regulations. These factors increase the complexity and risks for even the best-run firms. That’s why BCG is embracing new digital business models and an adaptive strategy, helping companies rise above industry perils to outflank competitors and thrive in the years ahead.
BCG is optimizing costs and unlocking investments in exploration and production around the world.
In an environment full of risks, we work with companies to stay competitive by helping them improve operational efficiency, reduce costs, and protect revenues and margins.
Clients work with BCG to maximize the value of their hydrocarbon portfolio and discover other valuable solutions.
With a range of techniques, BCG helps firms get closer to their end customers.
We make sense of the complicated process that now takes up a large chunk of many companies’ balance sheets.
BCG brings expert strategy approaches to this sector, which leaves a much lower carbon footprint than oil and coal and gives off a fraction of the air pollutants.
BCG works with oil and gas companies around the globe on the most pressing issues of today. We partner with organizations and unlock solutions across the entire value chain of their portfolio, creating long-lasting growth and a clear path ahead. In this video, Maurice Berns explains how BCG is helping oil and gas companies manage opportunities and challenges in areas such as digital technology, decommissioning, and natural gas and LNG.
Through digital technologies and advanced analytics, the pursuit of strategic insights, and deep experience and expertise, BCG’s oil and gas consulting delivers lasting change to clients around the globe. Read about the impact we’ve had and the solutions we bring.
The Dutch government is facing a wave of decommissioning of oil and gas wells and facilities, driven by aging fields and the volatility of oil prices. The challenge: manage that decommissioning—estimated to cost a minimum of €6.7 billion—safely and efficiently.
One of India’s leading oil companies was facing a fundamental change in its core business: the shift away 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 petrochemical market. But first it had to determine which particular segments of that market to target and develop a sound plan for moving into each.
BCG’s global refining model is a tool that provides insight into the current and future refining 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) aims to engage a changing industry in new and different ways by providing challenging ideas to drive performance. We shape thinking about the future availability, economics, and sustainability of the world's energy sources—and the implications for energy companies and their portfolios.
BCG’s Center for Digital in Oil & Gas transforms companies by developing cutting-edge solutions that include world-class digital strategy, processes, tools, and capabilities—allowing them to succeed now and into the future.
We partner with clients across the public, private, and social sectors to align their strategy, operations, and stakeholder engagement with a low-carbon world. Our work is supported by BCG’s range of consulting experience across all industries and capabilities, as well as by our expanding reach of brands.
Companies in the oil and gas industry must take aggressive steps to restore their once-strong relationship with investors.
On top of the demand shock in the oil market, sparked by COVID-19, is a supply shock that could flood the market. Even robust oil companies will face threats to their business.
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." Read on LinkedIn >>
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. Read on LinkedIn >>
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. Read on LinkedIn >>
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. Read on LinkedIn >>
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. Read on LinkedIn >>
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. Read on LinkedIn >>
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