Oil & Gas
The pace of change in the energy market has been exceptional in recent years. Factors such as erratic demand, increased competition, regulatory changes and volatile prices have presented significant challenges — and exciting opportunities — to market participants.
Within the oil and gas industry, Enite primarily services the Trading and Refining & Marketing sectors. Clients include International Oil Companies (IOCs), National Oil Companies (NOCs), Refiners, Independent Merchants or Trading Organizations. Below are some of the current industry trends and issues that oil & gas clients are facing, and examples of how Enite serve’s these clients:
Globalization
Oil & gas companies have begun moving from regional to global organizational structures and must integrate or develop policies, processes and system capabilities across their international business units.
Examples and Opportunities:
- Evaluation of new global market opportunities (e.g. Liquefied Natural Gas (LNG))
- Global risk policy development across all energy commodities traded
- Global reorganization of a commodities trading group
Carbon Regulation
New legislation around carbon emissions have encouraged energy companies to begin anticipating the impacts of such legislation and planning their operational response.
Examples and Opportunities:
- Evaluation of or development of systems for managing a cap-and-trade strategy
- Development of emissions strategies
New Business Development
Energy companies are regularly responding to a dynamic marketplace and examining new growth opportunities to remain competitive (e.g., creation of new strategies, polices, processes, and organizational design)
Examples and Opportunities:
- Evaluate organizational capabilities for entering a new market or business line
- Perform trading and risk management system selection to meet new system requirements or business lines