Four Ways Management Consultants Can Help Oil and Gas Companies Look to the Future


In today’s “lower for longer” commodity pricing environment, even the best positioned oil and gas companies are experiencing market challenges. Despite these challenges, executives should not lose sight of opportunities to make transformative changes that can help them derive greater value from their businesses. To emerge from this prolonged scenario stronger than before, executives should look at fortifying areas of their businesses through sustainable cost reduction strategies as well as capital and workforce management. Lower energy prices may leave some of the heavily indebted producers vulnerable as interest payments swallow up cash. Some of those organizations may have little choice but to sell, find partners, or recapitalize themselves, creating a need for advisors to guide them through this. By taking a closer look at the following four areas with the help of management consulting expertise, companies can begin to see value, savings and greater efficiency in their operations, thus allowing them to focus on thriving.
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From Assessment to Action: Extending the Role of Management Consultants in Oil & Gas


Whether it’s the need for manpower, cost savings, or an outside perspective, the impetus behind companies bringing in consultants is obvious – they’re looking for that competitive edge. One way to do that is to gain insight from the oil and gas industry’s heavy hitters. These experts are valuable because they bring a fresh pair of eyes to each environment. Often, they also offer a more holistic viewpoint of the industry, having likely worked across numerous companies and in varying capacities. This broad, outsider opinion helps consultants recognize ailing processes and recommend paths that allow companies to improve them. Something puzzling, however, is that a consultant’s job typically ends once the strategy is established or the assessment stage is complete.  How much more value could be realized if consultants saw their plans come to fruition.
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Ending Our Oil Addiction is Crucial to Stopping Future Terror Attacks


Our dependence on oil has a sinister side that we tend to lose sight of: Some of that oil we consume — 18 million barrels a day in the United States alone — provides a revenue source for extremist groups to carry out deadly terrorist attacks.
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Thriving and Surviving in Oil & Gas


It’s been happening all our lives. Oil & Gas prices fluctuate, and with the ups and downs, the industry adapts and looks to thrive—and more recently, to survive. In 2015, when oil fell to its lowest price in seven years, more than 100,000 jobs were shed and organizations looked to slash billions in spending.  It’s a cycle. It always has been, and always will be. Despite this fact, there is technology on the horizon that can help organizations make right-size investments during the survival phase.
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Oil & Gas Industry’s Most Wanted


The in-demand skills and jobs during this turbulent time in the market
 
The past year has brought significant turbulence to the oil and gas industry in major U.S. markets and throughout the world. Subsequently, the hiring landscape has shifted as certain projects have been postponed or abandoned to offset costs.
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