To make sense of this uncertain environment, energy companies need reliable, real-time information, proven technology platforms and strategic, expert partners.
Energy companies are experiencing an era of unprecedented uncertainty. Climate science shows the ill-effects of greenhouse gas emissions yet the geopolitical environment points toward a resurgence of fossil fuels.
The market volatility of the past few years has begun to reverse as the segment expands to a more global and distributed network. Simultaneously, the industry is experiencing consolidation and centralization, with Shared Service Centers playing a pivotal role in energy-company operations.
Globalization brings with it complexities related to international distribution, regulation, taxation and litigation. Risk lurks around every corner as diverse and distant supply chains are increasingly susceptible to corruption and bribery. The liquefaction of gas and new technologies enable LNG to be converted and transported around the globe. Technology is also furthering the dawn of automation and robotics in the sector, while the changing profile of energy companies, where consumers are now power generators and grid suppliers, creates a completely new dynamic as to what constitutes an energy company. To make sense of this uncertain environment, energy companies need reliable, real-time information, proven technology platforms and strategic, expert partners. Welcome to the energy era of the 21st century—here’s to prospering in an uncertain environment.