Oil and gas procurement

Oil and gas procurement insights to improve efficiency

Oil and gas procurement insights to improve efficiency

The oil and gas industry continues to be volatile and unpredictable at the same levels we have seen over the past few decades. Oil and gas procurement firms are being forced to step up and adopt a dynamic approach to operations and procedures by following:  Geopolitical and economic uncertaintiesRegulatory constraintsShifting global marketsSupply threats Operators and oil and gas procurement companies have started cooperating to achieve sustainable cost savings and short- and long-term profitability. Oil and gas procurement companies are looking into five tactics to adapt to this new environment: cost reduction, vertical integration, new revenue models, consolidation, and new equipment…
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