How to thrive in the transition
Weaker oil prices, new digital trends and the energy transition are redefining the business. State companies must be prepared
Crude prices below $50 a barrel are not a blip on the radar—but they continue to challenge oil and gas firms across the world. International oil companies (IOCs) and oil-field services (OFS) firms are busy restructuring to adapt to this new pricing reality. Companies like BP are aggressively changing their portfolios to favour smaller, brownfield endeavours that carry high margins, with lower risk. With a focus on cost per barrel, the industry is exploring new digital opportunities and models of collaboration. The recent establishment of Baker Hughes and GE Oil & Gas into BHGE is an example of how major OFS firms are reshaping the industry to optimise oil and gas operations across the va
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation
