From control room operators, to chief information security officers, to rig managers on drill sites, gas and oil industry executives are making decisions that will impact all areas of the industry, taking risks in exchange for the possibility of a greater reward. Success in the industry is dependent on compliance with new regulations, keeping up with technological advances, handling threats and embracing opportunities that are continually present in the oil and gas industry.
A study Booz Allen Hamilton, a management consulting firm, has partnered with its clients in the gas and oil industry to examine the short and long-term trends for the industry, identifying six key trends that could impact the oil and gas business sector.
“It is striking to see how regulation, the cyber threat environment and internal challenges are converging to shape the path forward,” said Emile Trombetti, senior vice president of Booz Allen. “It is critical that industry leaders consider how these trends provide challenges and opportunities for their organizations that can ultimately help them better prioritize and meet their strategic and business goals.”
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