Research from consulting giant McKinsey & Company claims failure to do so would put countries at “substantial risk” from a rebound in Asian demand or reductions in Russian imports.
A new McKinsey report finds that more than 50% of upstream oil and gas M&A deals don’t create shareholder value and firms eyeing takeovers and acquisitions should focus on synergies rather than cost-cutting.
The energy transition is disrupting the traditional business model of oil and gas players, and many are now responding by decarbonising and diversifying their portfolios and investing in renewable power.
Power generation accounts for approximately 30% of global greenhouse gas emissions, and carbon-emitting fossil fuels like coal and natural gas account for 61% of power generation. If the world is to meet the goal of net zero emissions, even as demand for power continues to rise, something has to give.
Emerging markets will not be immune to the disruption caused by Russia’s invasion of Ukraine, but Africa brings positive signs of resilience.
The energy transition is throwing up particular challenges for Africa, not least in terms of access to the skills and capital needed to meet future demand.
Demand for oil is projected to peak in the next five years, driven largely by an increase in the uptake of electric vehicles.
The oil-field-services-and-equipment sector has steadily declined for more than a decade. Companies can consider three broad strategies to revive their fortunes and chart a pathway for the future.
Since the start of the Covid-19 pandemic, the energy industry has had to face up to challenges that would have seemed unimaginable a few years ago.
Oil companies have long been the target of environmental protestors, but recent campaigns have seen a much wider list for activism.
Everyone you talk to agrees environmental, social, and governance (ESG) is critical to finance. Where people differ, though, is how best to achieve the goals this timely initialism sets out to capture.
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
The disclosure of a cache of company information has brought further scrutiny to Isabel dos Santos, who is already under investigation in Angola.
New research identifies why women fail to advance—and suggests what the industry can do about it.
Data and analytics firm McKinsey Energy Insights (MEI) has said it does not expect the oil supply glut to be soaked up for at least another six months.