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Oil and Gas

Oil & GasThe oil and gas or ‘petroleum’ sector is more open to market dynamics, with the state-owned national oil company being a relatively small player in an industry dominated by privately owned subsidiaries of multi-national oil companies (MOCs). The market environment is, however, fairly predictable, as the administered prices of liquid fuels are subject to transparent regulatory control.

Various challenges face the petroleum sector over the next decade, namely:

  • Perceived uncertainty in the regulatory environment is impeding investments in much-needed logistics infrastructure where clarity on the regulatory accounting for administered prices has yet to be unveiled.

  • The South African petroleum industry is undergoing significant re-alignment as the current impetus to structure and finalise broad-based black economic empowerment deals continues.
      
  • Companies in the energy industry face specific strategic challenges in the areas of supply-chain management, planning and structuring empowerment deals, effectively managing their workforce to retain scarce industry-specific talent, and operationalising strategic objectives to ensure an effective implementation strategy.

 

 

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