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Capturing the next frontier of value: Operating models for oil and gas fields of the future

As the global energy transition accelerates, upstream operators must modernize and shift to more economic operating models. Where and how should they seek the next generation of efficiency gains?
Capturing the next frontier of value: Operating models for oil and gas fields of the future

Sector Perspectives

Article

An analytical approach to maximizing reservoir production

– Producing assets have significant subsurface optimization potential. We take a deeper look at what it takes to unlock this value.

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Market outlooks

Article

MARPOL implications on refining and shipping markets

– Opportunities will depend on how other sectors respond.
Article

New reality: electric trucks and their implications on energy demand

– When DHL decided in 2013 that it wanted to upgrade its fleet to electric powertrains, it could not find a suitable vehicle or an original equipment manufacturer willing to develop one. So, they decided to develop a vehicle themselves.

Editor's Choice

Report - McKinsey Global Institute

What the future of work will mean for jobs, skills, and wages

– In an era marked by rapid advances in automation and artificial intelligence, new research assesses the jobs lost and jobs gained under different scenarios through 2030.
Article

Why oil and gas companies must act on analytics

– Offshore platforms are, on average, running at only 77 percent of maximum production potential. Rigorous use of analytics can improve substantially on that.

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More insights

Article

Accelerating digital transformations: A playbook for utilities

– Utilities trying to reinvent themselves as digital enterprises have found it hard to scale up from digital pilots. Adopting digital... ways of working, adding talent, and modernizing IT will hasten transformation.
Article

Prosperity postponed

– Some stability returned to the OFSE sector in Q1 2017, with strong US onshore performance offsetting moderate decline elsewhere.... However, prosperity has not yet arrived as oil prices went sideways.
Report

Building a new energy security architecture

– The Honourable Prime Minister of India, while sharing his expectations from the hydrocarbon sector and the government’s... endeavour to achieve energy security, laid out his vision for India’s energy future in the form of four pillars—access, efficiency, sustainability and security.
Interview

Taming the Mad Dog: Making oil projects work in a low-price environment

– BP’s Starlee Sykes discusses the future of deepwater development.
Article

The oil & gas supply chain returns to growth after more than two years

– OFSE quarterly revenue edged up for the first time since Q3 2014, helped by an oil price–driven recovery in capex. But most... activity is in the US onshore, with sectors elsewhere still facing slim pickings.
Article

Preserving the downturn’s upside

– Plummeting prices forced oil and gas companies to get serious about rising production costs. They have. Now the challenge is to... preserve those gains.
Interview

From one well to thousands: The innovation multiplier in unconventionals

– Steve Schlotterbeck, CEO of EQT Corporation, comments on the opportunities and challenges of leading one of the largest producers... in the world-class Marcellus Shale region.
Interview

Delivering a world-class integration in oil and gas

– Transition CEO Huibert Vigeveno discusses what worked in Royal Dutch Shell’s integration of BG Group, its biggest acquisition... in more than a century.
Interview

Spectra Energy: ‘We go where the lights are’

– President and CEO Greg Ebel on how Spectra Energy became one of the most successful pipeline companies in North America and the... future of the industry.
Article

From scenario planning to stress testing: The next step for energy companies

– Utilities and oil and gas firms have long used scenario analysis, but extraordinary times call for new measures.
Article - McKinsey Quarterly

Rethinking the oil and gas organization

– Organizational choices made during a time of resource scarcity need reexamination when the cycle turns.

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