As an industry starting to thrive after years of major instability, the Oil, Gas and Resources sector has managed to survive an especially tough period with the news being dominated by politics, natural disasters, and tense geopolitical challenges paired with a market plagued by weak demand and sluggish prices.
Historically, the resources sector followed a dig-and-deliver model, where success had its focus on the size and quality of assets. In line with an increasingly challenging economy, a demand for resources keeps growing, forcing a change in the game of the world’s leading producers of major commodities such as oil, coal, iron ore, natural gas, and copper in terms of developing viable business strategy models.
As an attempt to recover its status as the biggest sector in the world in terms of employability and financial value, the Oil, Gas and Resources market has only recently started to emerge from its upheaval. When the crude oil export ban was lifted in January 2016, many broadly viewed it as good for the sector and free trade but were not quite sure about its impact. The industry crossed a significant milestone late last year when exports of crude, as well as liquefied natural gas (LNG) and refined products, continue to rise.
High debt levels have fallen as major mining companies sold assets and raised capital, and miners have now moved to return capital to shareholders, a trend which is likely to accelerate. Additionally, factors such as the consolidation of mines and supply restrictions in China, have started to boost many mineral commodity prices, even as we begin to see signs of asynchronous recovery in global growth.
Predictions are that the Oil, Gas and Resources market will continue its slow recovery as upstream companies worldwide increase production, helping the midstream and services businesses as well.
Areas we cover:
- Conventional and Unconventional Exploration & Production
- Refining, Marketing & Retail
- Oil Field Services & EPC
- Mining / Metal / Minerals
- Equipment Manufacturing
- Management Consultancy & Professional Services
- Financial Services – Commodity Trading // Capital Markets // Project Finance // Corporate Banking // Insurance