Boston, MA (PRWEB) July 28, 2015
For the foreseeable future, over-production will continue to cause a significant global supply glut in the Oil & Gas market which in turn means prices will stay low. A new report from Maine Pointe provides perspectives on how recent developments and future trends will present both challenges and opportunities in the North American Oil & Gas market during the remainder of 2015 and as we head into 2016.
The report, “The new reality in the Oil & Gas Industry” provides insight into:
- The impact of Iran’s return to the oil market
- The fundamental differences between the 2015 downturn and the one that occurred in 2008
- How companies can not only survive but also thrive in an oversupplied market
- Overcoming organizational hurdles: doing ‘more with less talent’
- 4 operational improvement areas many oil companies have overlooked
“With oil prices staying low, the only way companies can drive profits is to drive down costs,” said Steve Hamilton, co-author of the report and Executive Vice President, Oil & Gas at Maine Pointe. “Oil companies are looking deeper into their value chain to reduce their direct spend,” he added.
“In an effort to lower costs, many of the senior executives we have met with are already looking at areas that they have traditionally missed from an operational or process perspective,” co-author and Executive Vice President, Oil & Gas at Maine Pointe, Ian Hedding concluded.
To download and read the report, visit: http://www.mainepointe.com/the-new-reality-in-the-oil-and-gas-industry.
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About Maine Pointe
Maine Pointe is a global implementation focused consulting firm that is trusted by many chief executives to deliver sustainable, significant value and compelling economic returns for their businesses. We achieve this through transforming the global supply chain into a competitive weapon and accelerating business value through performance improvements in both EBITDA and Cash.
Our value proposition is simple, results-driven and focused in the areas of procurement, logistics and operations. Our engagements are measurable and deliver on average a 6:1 ROI based on annualized savings and support it with our 2:1 ROI guarantee. It’s a testament to the disciplined processes we implement and the seniority of our teams. See mainepointe.com for more information. http://www.mainepointe.com