Strategy of oil and gas companies - challenges amid disruptions and crisis
Keywords:
Strategy, energy transition, climate change, renewables, Revolution 4.0
Abstract
Oil and gas companies have been facing grave challenges for 2020 amid the global COVID-19 pandemic and a stumbling oil price. Apart from these, there have been changes over the years for the industry, ranging from renewable energy, climate change and environmental protection, to impacts of the Industrial Revolution 4.0. These trends require oil and gas companies to rethink their visions, revise their old business model and adjust their strategies in order to adapt to coming disruptions and crises.
References
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[7] Harvard Business Review, HBR's 10 must reads on strategy, 2011.
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[9] Jim Collins, Good to great: Why some companies make the leap and others don't. Harper Business, 2001.
[10] Eric Schmidt and Jonathan Rosenberg, “How Google works”, Grand Central Publishing, 2017.
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[12] Paul Stevens, “International oil companies - The death of the old business model”, Chatham House, 2016.
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Energy-Insight-51.pdf/.
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[29] BP, “Digitally enabled”, 2017.
[30] Microsoft, “Schlumberger, Chevron and Microsoft announce collaboration to accelerate digital transformation”, 2019.
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Published
2020-07-20
How to Cite
Phan Ngoc Trung, & Le Ngoc Anh. (2020). Strategy of oil and gas companies - challenges amid disruptions and crisis. Petrovietnam Journal, 7, 6 - 13. https://doi.org/10.25073/petrovietnam journal.v7i0.321
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