The Near Future of Oil and Gas

December 2017

Ready or not, the global oil & gas industry must contend with an ever-changing ‘normal’.

It’s a confluence of trends—not just the new pricing paradigm, but rapid growth in renewables along with accelerating technology advancements—that is reshaping the industry. The energy company of the future is one that has successfully figured out how to cut costs, enhance operational efficiencies through digital and technological transformation, and diversify its portfolio to include alternative energy sources.

Reflecting on this period of turmoil and transition, BDO’s Global Natural Resources team is looking towards the future to help oil & gas companies anticipate and plan for the challenges and opportunities ahead. We believe that to prepare for success in 2020 and beyond, oil & gas companies must strive to become “Lean, Green, Digital” machines.

The global predictions presented in this report are based on research and collective input from BDO’s Natural Resources leaders around the world. In addition, the practice leaders from five countries (Australia, Canada, the Kingdom of Saudi Arabia, the United Kingdom, and the United States) have provided regional predictions for the industry in their markets.