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, over the past several years exploration and production of oil and natural gas grew significantly around the world and driving significant capital investments. The most recent drop in the price for these commodities coupled with concerns over health and safety issues, carbon emissions and the viability of alternative energies, has created significant uncertainly 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 to stay online 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 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.