As you know, the energy industry is going through a period of intense transformation. With this comes challenges, as well as great opportunity.
There’s the expansion of liquefied natural gas to a globally desired export and commodity. Increased regulations impacting cross-border oil flows and international trade. Continued low oil prices requiring international oil companies (IOCs) and others to rethink their long-term strategies and identify ways to diversify. Nefarious supply chains and covert cybersecurity threats. And, lest I forget, the environmental challenges related to differing views on climate science and the lasting effects of greenhouse gas (GHG) emissions.
The confluence of factors impacting the energy sector is complex and the stakes are exceedingly high.
It is with this in mind, and given Thomson Reuters keen understanding of business needs and challenges facing corporations around the world, that we formalized our Energy Practice Group at the beginning of 2017.
We built on our existing, decades-long relationships with energy corporations and trading divisions. Leveraging these connections and our collective expertise in the sector, we convened a practice team with deep industry and domain knowledge; a team poised to partner with the energy sector in helping to solve its business challenges.
This, our first issue of Answers for Energy Professionals, is a compilation of some of the insights and expertise we bring to the table. I’m pleased to share the results of our inaugural “Thomson Reuters Top 100 Global Energy Leaders” ranking, for which we’ve created a scientific, data-driven algorithm to objectively identify the world’s energy leaders. We’re also reporting on oil flows with an eye on Iran and Russia, as well as accounting challenges related to stranded petroleum reserves and a look at innovation and M&A in the industry.
I invite you to read through the business perspectives in this issue. Feel free to pass it on to colleagues and peers. And let me know what you think of our approach, as well as what you’d like to see more of in the future.
As we look toward the next 12 months and see the enormity of change and opportunity ahead, don’t hesitate to reach out with questions and ideas. We look forward to hearing from you.
All the best to you and your organization in the coming year.
For access to additional insights for energy professionals, visit our dedicated Energy Practice page.