The Oil Price Shock(s) of 2020
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.
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.
Current market conditions will make it challenging for some companies to stay afloat. Five actions can help oil and gas operators navigate multiple scenarios.
Many companies fail to capture key benefits of replicating equipment and processes in a virtual environment. Taking these steps is essential to success.
Seven imperatives hold the key to succeeding with digital transformation at scale.
It’s a half-trillion-dollar liability that will only grow over time. Leading operators in each basin must decide on a strategy and work with their suppliers to put it into action.
Oil and gas operators and governments have announced ambitious plans to reduce abandonment expenses. To make it happen, they need to orchestrate a multifaceted approach.
Thousands of wells and structures in Southeast Asia, Latin America, and West Africa are nearing obsolescence. Governments must prepare for the massive decommissioning task ahead.
In light of the pandemic and the supply shock in oil markets, gas companies must strengthen their positions and plan ahead.
Beijing’s decision to create a single national pipeline company will open up significant opportunities for global gas players.
This report, coproduced by BCG and the International Gas Union, assesses recent trends shaping today’s global gas industry and the factors that will affect the market in the future.
The growth in demand for natural gas could flatline by 2030, even as the supply expands. Players must take steps now if they are to thrive amid disruption.
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.
Against a rapidly evolving financial and operating backdrop, midstream oil and gas players must rethink how they do business.
The change in maritime fuel regulation is scheduled to take effect within months. But stakeholders still have time to act.
The new sulfur regulations for marine fuel will disrupt the refining industry. By taking action now, refiners can limit the downside—or even emerge as winners.
Rising concerns about sustainability are creating a variety of profitable opportunities for chemical companies willing to step up their strategic ambitions.
Powerful forces—including the rise of electric vehicles and changing consumer expectations—are buffeting fuel retailers. Companies must adapt or risk becoming irrelevant.
Deregulation is creating attractive opportunities in Mexico’s fuels market, both in the provision of infrastructure and in fuel sales and supply.
By making smart moves and adopting the right business model, companies can mitigate the risks and capture the upside of digitization.
Blockchain might not be the panacea some anticipate. But the hype surrounding it could drive attention and solutions to the problems that plague commodity trading.
Digital forces are transforming commodity trading’s value chain and sources of competitive advantage, redistributing billions of dollars in trading value in the process.
