Oil and Gas

The Oil & Gas sector is amongst the largest in the world, combining a multitude of upstream, downstream, and midstream operations that are heavily complex and risky in nature. Unfortunately, the industry has a checkered past evidenced by numerous high profile issues.

The oil and gas industry is quite diversified and heterogeneous. The companies operating within the sector range from large integrated entities to small exploration and production companies.

A shortage of technical talent in the sector is set to become more acute in the near future as a generation of experienced engineers retires.

The economic structure of the petroleum industry differs strongly from other industries due to great risks and uncertainty associated with oil and gas projects, coupled with dangerously volatile price levels.