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Local content after a booming oil & gas cycle

Ambitions and limits of local content development

A cycle of booming oil and gas exploration and production activity ended in 2015. During the decade 2005–2015, pressure on local content intensified in most oil-rich countries. The time has come to examine the economic impact of both regulations and initiatives taken by private international and...
Oil & gas

Building momentum – oil and gas in Latin America

Development of unconventional oil and gas resources

Unconventional oil production has grown these past few years despite low oil prices since 2014. Although production in the US decreased in 2015, stabilization of prices and improvements in several operational areas allowed unconventionals to maintain a relevant role in the global supply. Last year...
Oil & gas

Innovation through contracting in the oil and gas sector

How contracts with external partners drive innovation in the oil and gas sector

An increasing number of CEOs see innovation as a key lever for growth and critical to achieving sustained competitive advantage across the oil and gas sector. To be more innovative, firms increasingly complement their internal innovation capabilities with solutions, ideas, and technologies from...
Oil & gas, Strategy, Organization & transformation, Technology & innovation management

Dead end approaches for high- sulfur fuels

Refiners’ time window shrinks - they need to act

Demand switch to low-sulfur fuels has been uneven across the globe, but environmental and engine regulations are pressing sulfur specs to extremely low limits. Refiners need to act accordingly since there will not be place to sink high-sulfur fuels anymore.Demand for ultra-low-sulfur on-road fuels...
Oil & gas

Analysis of the proposed gas directive amendment

White paper

This report reviews the recently proposed amendment to the Gas Directive, as put forward by the European Commission, which has been submitted to the European Parliament and the Council of the EU in November of 2017.The proposed amendment suggests the extension of the Third Energy Package, to...
Oil & gas

LNG still in transit

Change continues in the LNG industry, but the pace is evolution, not revolution

The LNG industry finds itself today in a very different situation than was expected 10 years ago. Several key disruptions have occurred: shale gas turned the US from an LNG importer into an LNG exporter, imports to Japan boomed to replace nuclear electricity production after Fukushima, and European...
Oil & gas

Digitalization can make energy more affordable

An interview with Patrick Pouyanné, Chairman and CEO, TotalPatrick Pouyanné has been chief executive officer of Total since 2014, after the death of his predecessor, Christophe de Margerie, in Moscow. A year after, he became chairman of the board of directors. During his career at...
Oil & gas, Digital company transformation

Economic impact on Europe of the Nord Stream 2 project

Analysis of effects on job creation and GDP

The Nord Stream 2 project aims to provide the means for safe and secure supplies of natural gas to the European gas market. The EU market, covering 28 countries, is characterized by decreasing indigenous production, an increasing requirement for gas to support the transition to sustainable energy...
Oil & gas

In praise of perpetuity

National oil companies manifesto

Perpetuity is every national oil company’s mission. Their articles of incorporation proclaim that they must toil for future generations. While international operators can wander from one country to the next according to the circumstances and various regulatory frameworks of producing countries,...
Oil & gas

Energy Journal – Oil & Gas

Perspectives on the Oil & Gas Industry 2017

The energy industry, from oil and gas to utilities, is going through an unprecedented change. It’s a change similar to when the world moved from wood to coal, with the steam machine, or from coal to oil, when utilities centralized and the car industry took off early last century. Today, the shift...
Oil & gas