Prospering in the changing energy environment

The energy industry is facing more change than in any other period of recent history. Market conditions for oil and gas companies could not be tougher, with the era of low prices considered the new normal; ‘easy oil’ is all but over, with new projects more likely to take place in remote locations; and there is a reduced appetite for mega-projects, which are frequently subject to delays and cost over-runs. Fortunes are fairer for renewables, a sector which has benefited from technological advances and global investment – developments that are projected to significantly expand capacity in the medium term. These counteracting trends have resulted in converging project profiles across conventional and renewable energy: project size, complexity, location, and lifecycle are becoming increasingly similar.

While facing different market pressures and outlooks, both conventional and renewable energy businesses are now looking at a comparable future of unprecedented challenges; a future that necessitates significant rationalization of their global energy supply chains. In our latest white paper, we explore not just the challenges but also the exciting opportunities offered by this step change for businesses across the energy industry.