Entering a New Period of Uncertainty
Wednesday, 10th February 2016
«Upstream» and «downstream» are general business terms referring to a company›s location in the supply chain. The closer to the end user a function or firm is, the further downstream it is said to be. Raw material extraction or production are elements of the supply chain considered to be upstream. The oil and gas supply chain is commonly referenced in this manner. The upstream companies identify oil and natural gas deposits and engage in the extraction of these resources from underground. These firms are often called exploration and production companies. Refiners represent the downstream element of the oil and gas supply chain.
The Changing Role of the CFO: How Energy Transformation Is Shifting the CFO Focus
Tuesday, 12th January 2016
The world of electricity is changing fast. It’s a transformation that is exercising a great deal of thought and action in the boardrooms of power utility companies whose traditional business models are under threat. Technological innovation is creating new choices for customers and new opportunities for a wider range of industry entrants. The combination of the ‘push’ of technology, the ‘pull’ of the customer and the threat that comes from new competitors poses questions that go to the heart of company strategies and the role of the CFO.
DYNAMIC, CAPABILITIES-DRIVEN STRATEGIES FOR OIL AND GAS COMPANIES
Thursday, 13th August 2015
The oil and gas sector is undergoing a profound, once-in-a-lifetime transformation. For international and national oil companies, making investment choices has never been so challenging. In an industry facing increased volatility and intensifying skills shortages, oil and gas companies can no longer win across an ever-broadening spectrum of operating environments. Few companies have the technical, operational, and commercial capabilities required for activities that can range from exploring onshore to ultra-deep-water, all the way through to development and/or production of both conventional and unconventional oil and gas resources.
CEOs Less Optimistic about Global Economy in 2015, but Confidence in Growth Remains Steady
Monday, 9th March 2015
PwC Egypt is pleased to announce its Global EU&M industry perspectives on the 18th Annual Global CEO Survey. As part of the Global CEO Survey research, PwC carried out 72 interviews with Oil & Gas CEOs from 39 countries, 73 P&U CEOs from 35 countries, and 25 Mining CEOs from 18 countries. PwC spoke face-to-face with the following CEOs:
Oil & Gas CEOs
Dr. Javier Genaro Gutiérrez Pemberthy, Chief Executive Officer, Ecopetrol, Colombia
Abdulrazaq Isa, CEO, Waltersmith Group, Nigeria
Power & Utilities CEO
H.E. Sim Sitha, Director General, Phnom Penh Water Supply Authority (PPWSA)
Andrew Mackenzie, Chief Executive Officer, BHP Billiton, Australia
Monday, 19th October 2015
LNG SHIPPING – PRICING CONSIDERATIONS
From our Print Edition:
For a while, it seemed that LNG tanker charter rates could only go up. After a 2009-2010 over-supply glut, the time charter rates were propelled past the $100,000 a day threshold due to the combined effect of the Fukushima incident and expectations of future flows coming out of the new US and Australian liquefaction plants. In response, order books for tankers grew, encouraging international energy groups to enter the market. This ended up locking many companies into high rates for the service for multiple. These arrangements may now require revisiting as rates are decreasing in response to over-supply (new vessels entering service) and lower demand caused by the decrease in LNG price differentials.