Us Oil and Gas Outlook 2018
Us Oil and Gas Outlook 2018
Us Oil and Gas Outlook 2018
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2018 outlook on oil and gas | My take: John England
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2018 outlook on oil and gas | My take: John England
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2018 outlook on oil and gas | My take: John England
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2018 outlook on oil and gas | My take: John England
Having now painted a less than rosy picture In a world where the assumption that This does not mean everyone will win. The
for the industry, I thought I’d migrate to energy demand would rise forever seems digital age is seemingly moving faster than
the hopeful side of this piece: The digital to be wavering, one path to success is our previous industrial revolution did and
revolution is here. to be a low-cost provider, whether of could naturally create winners and losers.
energy commodities or of the equipment However, companies that are willing to
So, what exactly does that mean? and services needed to produce these innovate and invest can unlock tremendous
commodities and get them to market. The value and may remain financially strong
Actually, it could mean the difference proliferation of increasingly lower-cost digital regardless of what happens to global supply
between thriving, surviving, or just not technology is already unleashing innovative and demand trends. So, the digital cavalry is
making it. As previously mentioned, ideas across the oil and gas value chain. coming, but it likely won’t rescue everyone—
the efficiency gains on per barrel of oil From how we develop a field, procure goods possibly only those who are brave enough to
equivalent since the downturn began in and services, and move product to all the embrace it.
2014 have been remarkable. However, we HR and back-office services to support the
may be in the early innings of the game core businesses, digital technologies could
when it comes to the digital revolution and change everything, resulting in radical
the opportunities it presents. efficiency gains and improvements of both
top and bottom lines.
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2018 outlook on oil and gas | My take: John England
Let’s talk
John England
Vice Chairman, US Energy & Resources Leader
and US and Americas Oil & Gas Leader
Deloitte LLP
[email protected]
+1 713 982 2556
@JohnWEngland
John serves as the vice chairman, US Energy & Resources leader and US and Americas Oil & Gas leader for
Deloitte LLP. John works closely with our oil and gas clients to bring the deep capabilities of Deloitte to solve
problems and enhance value. John brings a unique mix of commercial, risk management, operational and
financial knowledge and the experience of 28 years serving in the industry. He holds a BBA in accounting
from Stephen F. Austin University and is a CPA in the state of Texas.
Endnotes
1. Rick Perry, Scott Pruitt, and Ryan Zinke, “Paving the path to U.S. energy dominance,” The White House: Office of the Press Secretary,
June 27, 2017, https://www.whitehouse.gov/the-press-office/2017/06/27/perry-zinke-and-pruitt-paving-path-us-energy-dominance,
accessed November 14, 2017.
2. Artem Abramov, “NA Shale: What has changed since 2016?,” presented at 2017 Rystad Oil and Gas Summit, September 19, 2017.
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