Oil and Gas Sector: Overview | Projects

OIL AND GAS SECTOR OVERVIEW

TRANSFORMToday’s low and volatile oil and gas prices are rooted in abundance of fossil fuel supplies in a tepid demand market, coupled with the robust growth of renewables and storage options. The current conditions will continue to challenge the U.S. fossil fuels operators to innovate and transform in order to survive.

RESTRUCTURETo be successful in the current market, operators are divesting inefficient assets, acquiring assets of distressed operators, improving costs per unit of production by implementing efficiency technologies, renegotiating contracts, and prioritizing investments.

DIVERSIFYNew technologies that are entering the market can help diversify the revenue streams of fossil fuel companies. Operators can leverage these technologies to align themselves with the emerging distributive energy resources model.

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