Capturing Norway's Digital Opportunity
Norway has the opportunity to become a leading digital hub for oil and gas and other asset-heavy industries. BCG has identified five key areas that would accelerate Norway’s global value proposition.
Norway has the opportunity to become a leading digital hub for oil and gas and other asset-heavy industries. BCG has identified five key areas that would accelerate Norway’s global value proposition.
While the “green shift” has been on Norwegian business leaders’ agenda for several years, we are now starting to see real impact. Companies are shifting their approach to sustainability from avoiding negative consequences to building competitive advantages through green efficiency (increased resource efficiency) or green growth (innovation in products or services).
The Baltic Sea is in a critical state, and eutrophication, caused by excess nutrients in the water, is one of the major threats. Measures to limit human-caused nutrient load have been enacted, but progress has been too slow. Read report executive summary in Swedish, Finnish, and Polish.
The Baltic Sea is in a critical state due to eutrophication, hazardous substances and overfishing, but the region is also well positioned to find solutions. Measures to restore the health of the Baltic Sea could create up to 550,000 jobs and €32 billion in annual value added to the region by 2030, in addition to introducing “blue and green” business opportunities. The report is produced by BCG for WWF within a global pro-bono partnership.
International O&G companies are preparing for the future by expanding into low-carbon markets or doubling down on efficiency in hydrocarbon production.
By tapping into nonfuel value pools and boosting their energy transition efforts, players can diversify away from hydrocarbons and offset the volatility of their traditional businesses.
The key issue in post-COVID-19 market risk assessment in the industry is peak investment—not peak demand.
Despite maintaining a positive outlook on future demand, investors want the O&G industry to meet emissions reduction targets and seek green portfolio alternatives.
Government procurement agencies must take steps to abate their greenhouse-gas emissions. They have the buying power to encourage heavy-emitting industries to abate theirs as well.
Which technologies are capturing private investment, where is more investment most needed, who must provide it, and how best can they make the necessary investment decisions? Find out where the smart money is headed.
Growing demand for hydrogen will impact transportation and distribution networks differently. Players must plan ahead if they are to successfully navigate the coming disruption.
A dramatic upsurge could start later this year and end within 18 months. What’s more, it could be the world’s last—a boon for efforts to combat climate change.
Digital tools enabled by advanced analytics, artificial intelligence, and machine learning can help companies uncover the fastest and most effective path to abating the O&G industry’s greenhouse gas emissions.
Artificial intelligence has the potential to reduce companies’ greenhouse gas emissions and cut costs by monitoring their carbon footprint and then reducing it through increased efficiency.
Seven imperatives hold the key to succeeding with digital transformation at scale.
Shell and BCG Digital Ventures have paired numerous times to reimagine the future and, in the process, have incubated and launched several new businesses. MachineMax, which evolved from an initiative whose initial aim was to find new applications for Shell lubricants, provides an answer to a critical challenge facing the mining and construction industries: how to maximize the productivity of their equipment.
BCG's Tina Zuzek demonstrates how companies can retain their best female employees.
BCG's Whitney Merchant highlights the benefits of promoting women to senior leadership positions.
BCG's Alan Thomson speaks to the tangible benefits of gender balance in the workplace.
BCG's Anne-Charlotte Quercia reinforces the need for gender-neutral policies.
To celebrate International Women’s Day, BCG’s Energy Practice had the honor of hosting a panel of highly respected women in Oil & Gas and Energy.
BCG shares findings from client experience and industry benchmarking, offering ten practical solutions for turnaround maintenance planning. Read more.
Read BCG and the Gulf Petrochemicals and Chemicals Association (GPCA) latest report created to stakeholders navigate the tailwinds that have influenced business profitability.
Faced with an unprecedented crisis, operators should use a dual approach that supports suppliers and embraces strategic partnerships.