Energy

The oil and gas industry experienced a record high profit throughout the past three years where a current trend of investment is emerging to initiate projects toward 2030. The levels of cash will naturally lead to merger and acquisitions across the industry. While we recognize the influence of cyclical nature of the industry through the price of carbohydrates. Key factors such as shortages, lack of governmental regulatory standardization, public private partnerships, impact of technology, dynamics of supply and demand as well as green sustainability are relentlessly impacting the future energy markets globally.

To truly map the 2030 energy market, the unpredictability of the past three years cannot be ignored as base key performance indicator (KPI) for measurement.  We see the decade as highly turbulent subject to wars, macro-economic uncertainly and general global change and unrest impacting both price and supply of energy. For instance, European countries face immense pressure owing to the war in Ukraine.  Hence the threat of a wider or a global or a major regional war, its impact on price and supply of energy cannot be disregarded. The current circumstance also showcased a total lack of preparation, preventative or mitigating measures by the global economy for potential major disruption.

However new combinations of partnerships among national oil companies (NOCs) and international oil companies (IOCs) are changing both mechanisms to deal with demand and mitigating global or regional uncertainties. It is possible to see an undercurrent movement toward deployment of integrated strategic production and information technologies to ensure success across several frontiers. This includes enterprise risk management, performance management, operational excellence, adaptive business models and people management. The overall objective is to ensure energy access; ensure soften disruption to supply, sustainability, improvement of responding to current energy challenges, limitation of resources and identification of new hydrocarbon fields.

As we move across the decade it is possible to see a wide rang of influences that vary greatly from region or country to country that will impact the energy market. While the increasing price of energy combined with concerns about global warming, will continue to drive greater focus on energy efficiency through implementation of new technologies, transportation and power generation, distribution and consumption. It is highly prudent to build supply reserve to soften the impact on end users and their remove barriers of access.