Global population growth, including the emergence of several large Asian economies, has dramatically increased the overall demand for crude oil and natural gas. In response, the exploration and production of oil and natural gas has grown significantly around the world, thus driving considerable capital investments. The most recent drop in the price for these commodities, along with concerns over health and safety issues, carbon emissions, and the viability of alternative energies, has created significant uncertainty in the industry.
This uncertainty creates opportunities for those with strong capital positions, as distressed producers and capital equipment can be secured at significant discounts. In this environment, effective capital management and strong cost management are critical in order to stay operative, as prices rise again and more production methods become profitable.
Protiviti’s energy industry consultants help exploration, production and refining companies optimize their financial, operational, regulatory and technology systems and processes. We have worked extensively with oil and gas companies to help them respond to the challenges they face today, including helping organizations to restructure and emerge stronger. We help our clients to focus on and manage key risks and opportunities in creative ways that help them gain confidence even in the most challenging times.