McKinsey & Company | Global news | Oil & Gas

An overview of McKinsey & Company global news in the Oil & Gas industry:

United Kingdom

Europe | United Kingdom

Fossil fuels peaking not enough to limit global warming, study warms Aggregate fossil fuel demand is set to peak in 2027, according to a new study. The research also asserts that demand for coal, oil and gas will never return to its pre-pandemic growth curve.
08 February 2021
Middle East

Middle East | Regional

Fossil fuels to take a back seat in the global energy landscape Covid-19 has caused a short-term dip in global energy demand, while a long-term shift away from oil and other fossil fuels takes on a new pace in the backdrop.
29 January 2021
Kuwait

Middle East | Kuwait

Consultancies invited to bid for Kuwait oil restructuring project The Kuwait Petroleum Company has floated a tender for the implementation of a comprehensive restructuring project for the local oil sector, with eight international consultancies prequalified.
01 October 2019
United Kingdom

Europe | United Kingdom

Energy use must decouple from GDP growth for sustainable future Transforming the global economy is increasingly seen as imperative to preventing an irreversible climate disaster, but at present only marginal and short-term improvements have been committed to by g
18 June 2019
Trinidad and Tobago

Latin America | Trinidad and Tobago

Trinidad & Tobago’s Petrotrin spends $63 million on consultants then asks for discount Low revenue and high sales costs have forced state-owned Petrotrin to come up with a creative way to cut costs.
14 June 2018
Oman

Middle East | Oman

Oman calls in McKinsey on refining and petrochemical industry integration Strategy and management giant McKinsey & Company has been working with Oman on plans to integrate the Sultanate’s refining and petrochemical sectors into a single entity, according to recent reports
18 May 2018
South Africa

Africa | South Africa

Coke and Sasol become first non-financial firms to drop McKinsey in SA Management consultancy Mckinsey & Company’s woes in South Africa have escalated, with their loss of business now extending beyond the financial sector.
17 January 2018
United Kingdom

Europe | United Kingdom

Global oil producers slash costs as low commodity prices bite In a bid to remain operational, globally oil companies have been forced to decrease operational costs by 29% on average, with around 50% of cost cutting likely to be sustainable in the longer-term.
27 June 2017
United Kingdom

Europe | United Kingdom

Technology to bring forward peak energy and renewables tipping point The world economy stands to hit peak Energy by 2025, according to a new study.
12 June 2017
United Kingdom

Europe | United Kingdom

McKinsey & Company downgrades its global energy demand outlook McKinsey & Company has downgraded its global energy demand outlook. Changing market conditions may have material implications for carbon energy assets and investments.
27 July 2016
United Kingdom

Europe | United Kingdom

Deal activity in oil & gas industry to pick up, predicts McKinsey In periods of low and flat oil prices, historical trends suggest that M&A activity picks up as distressed companies get picked off by incumbents seeking competitive advantage.
07 June 2016
United Kingdom

Europe | United Kingdom

Diversifying the Saudi economy to secure future growth The Kingdom of Saudi Arabia has for many years enjoyed prosperity from liquid gold.
22 December 2015

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