1 min read • Energy, Utilities & Resources
Time for a redesign
A contributed article from Arthur D. Little on the topic of petronationalism, based upon the PRISM piece. The article discusses how the global energy industry has been facing a variety of challenges in recent years including extreme price volatility, decline of ‘easy oil’, commoditisation of technologies, pressure to reduce the carbon footprint and an emergence in petronationalism. It is concluded that petronationalism is evident in the growing power and wealth of NOCs and represents an unparalleled opportunity for all players in the industry.
A contributed article from Arthur D. Little on the topic of petronationalism, based upon the PRISM piece. The article discusses how the global energy industry has been facing a variety of challenges in recent years including extreme price volatility, decline of ‘easy oil’, commoditisation of technologies, pressure to reduce the carbon footprint and an emergence in petronationalism. It is concluded that petronationalism is evident in the growing power and wealth of NOCs and represents an unparalleled opportunity for all players in the industry.
RELATED INFORMATION
The birth of Neo-Petronationalism: a new emerging model
In 2013 Mexico approved an ambitious energy reform that ended 70 years of Petronationalism. The country opened its market and now allows private and international investors to participate through a…
New business models for the international oil company
Petronationalism, the growing expense and risk of finding and producing oil, and the coupling between increasingly capable national oil companies and aggressive oilfield services providers have all…
The Headquarters Redesign
In this Viewpoint, Arthur D. Little portrays a new governance paradigm and a lean head office set-up that adds significant value to the organization. We have to focus on the governance methodology.…