Can producers adapt and collaborate in order to grow?

Stakeholders are calling for a radical change of behaviour in order to achieve an outcome that's beneficial for all

In some ways, the upstream oil and gas industry is its own worst enemy, from the perspective of achieving its full commercial potential. Producers of hydrocarbon resources bring them to market at a higher cost than theoretically achievable – only to find that other people have got there first with their lower-carbon alternatives, such as nuclear power and renewables. True, there are plenty of companies who are merging or forming strategic alliances that will help them accomplish the same objectives more cheaply than otherwise, or bring within financial and technical reach those projects that are beyond the capability of a single entity. And from the other side, there are many places where no