Business pulse: oil and gas
We have identified three additional areas in which current trends could present both risk and opportunity to companies over the next decade.
- Access to finance and capital market constraints. Oil and gas developments are becoming increasingly challenging, complex and expensive. Consequently, the risks associated with raising capital are likely to intensify.
- The trend toward increasingly tight local content requirements. Should this trend continue, it will have implications across a range of issues, including labor costs and the ability to deliver projects on challenging time schedules.
- Catastrophic environmental events. Should these become increasingly common or inextricably linked to CO2 emissions, then the argument for immediate action to reduce CO2 emissions will become not just about affordability, but necessity.