Top 10 Oil and Gas Consulting/Service Companies - 2020

The COVID-19 outbreak has added a major layer of uncertainty to the future of oil and gas industry. In 2020, the oil and gas demand has dropped for the first time since 2009 due to the deep contraction in oil consumption in Asia and the global ban on travel. Following the downfall, a sharp rebound in 2021 is expected, but the yearly growth in global oil demand will grow slowly thereafter. At the moment, however, oil and gas leaders are thoroughly examining their corporate risk and resilience, determining the deterring factors, and considering actions to correct failures.

In addition to immediate crisis management, oil and gas companies are integrating risk into strategic planning rather than treating it as a separate effort. Further, these companies are moving toward zero-budgeting to allocate resources based on efficiency, necessity, and value with the shifting priorities. In today’s challenging conditions, zero-budgeting can help stretch limited resources to achieve greater returns. Moreover, it is becoming increasingly essential for oil and gas companies to reinforce cybersecurity protections as their employees are working remotely, making the company’s database more vulnerable and prone for an attack.

On a positive note, once the pandemic is contained and travel restrictions are lifted, global oil demand will begin to rise and buoy the oil price along with it. This implies that individual companies must continue to remain steady until its operations resume to normal.

At this juncture, there is a wide variety of oil and gas solution providers and consulting companies entering the industry with a set of advanced and integrated offerings. To help companies navigate through the best-of-breed oil and gas solutions and services, CIOReview has compiled this edition. The enlisted organizations are poised to transform the oil and petroleum landscape. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.

We present to you CIOReview’s, “10 Most Promising Oil and Gas Consulting/Service Companies –2020.”

Top Oil and Gas Consulting/Service Companies

Bain & Company, Inc. is a provider of oil and gas services, founded in 1973. The company helps oil and gas companies achieve the benefits of a faster pace, success, multiplier effect, stakeholder alignment, and more. Bain & Companyfunctions in several subsectors of the industry, including conventional and unconventional oil and gas exploration and production, midstream, refining and marketing, oil field service, and equipment manufacturing. In addition, the company maximizes the value of existing reserves and deploys the latest innovations in fossil fuels and alternative energy sources.Bain & Company helps clients such as national and commercial oil companies, renewable energy companies, oilfield service firms, private equity investors, and sovereign wealth funds.

EAG 1Source is a market-leading outsourcing and consulting firm that offers executive advisory servicesfor midstream and upstream oil and gas companies. The advisory services, which is specially designed for the C-Suite executives within oil and gas companies include, delivering innovative perspective on establishing digital strategies, selecting best-in-class applications, designing infrastructure architecture, and establishing overarching program management. Additionally, with over 60 highly skilled professionals, EAG takes pride in implementing the most effective technology, eliminating manual processes, and ensuring client data is of utmost integrity. The company also helps clients navigate new modern cognitive tools, such as machine learning, natural language processing to extract valuable insights from lease agreements and contracts, and more

FTI Consulting, Inc., is an independent global business advisory for the oil and gas industry that helps its clients manage change, mitigate risk, and resolve disputes, be it financial, legal, operational, political and regulatory, reputational and transactional.The firm hasextensive experience in global industries such as energy, power & products (EPP), automotive, financial institutions, and more. FTI Consulting helps clients avoid issues around reserve values and development strategy, offers customized portfolio realignment activity,and gathers intelligence on global sources of potential supply and demand, as well as public policy, which enables clients to productively make the most informed or fact-based decisions.

Fendahl CTRM Technology

Fendahl CTRM Technology

Fendahl's Fusion CTRM software provides a new generation of commodity trading & risk management tools to commodity trading organizations. A rapidly growing global software company, they have a dedicated team of 110 staff with offices in the Americas, Asia, and EMEA, serving an ever growing global client base across multiple commodity segments. Fendahl’s Fusion CTRM suite is leading the next generation of CTRM solutions, setting new standards for; ease of use, flexible functionality, end user performance, scalability, reliability, and provides the lowest cost of ownership in the industry. Their customers produce, refine, market, ship and trade globally. They rely on Fendahl’s expertise in these key physical and financial markets: Oil, Petrochemicals, Metals and Mining, Coal, Road Marine Fuels, Biofuels, and Agriculture/Softs.

Forum Energy Technologies

Forum Energy Technologies

Forum Energy Technologies – a global provider of manufactured technologies and applied products and services. They may be a new name to you but our equipment and employees have a long history of solving our customers’ challenges. FET brings together some of the most well-known brands in our industry with an extensive range of mission critical products and services. They are building a world class company to bring innovative solutions to our worldwide customers. With offices in the key oilfield distribution centers of the globe, Forum is well-positioned to supply our clients with the equipment and related services that improve safety and performance and lower operating costs.

Implico Group

Implico Group

The Implico Group optimizes logistics and business processes for oil and gas downstream companies. The international consulting and software company with its headquarters in Hamburg, Germany, has subsidiaries in Malaysia, the Netherlands and the USA. Founded in 1983, the company today employs around 200 staff. Implico provides consulting services, data services and software solutions for the entire supply chain. Leading oil and gas companies all over the world trust in Implico’s industry expertise and high-performance IT solutions. It is important to that their colleagues constantly develop themselves further. On the one hand, they continuously simplify and optimize the processes.

Intelometry

Intelometry

Intelometry, Inc. is a Technology and Consulting Services Company that specializes in retail electricity and natural gas market operations. Intelometry clients consist of retail energy suppliers, large energy users and user groups, and consulting firms located across the continental U.S. Intelometry’s product lines and offerings fall into three primary categories including: • Retail energy transactional software developed and supported by Intelometry for use by retail energy suppliers, energy brokers, and large end users, Consulting services specializing in retail energy market operations, regulatory matters and new market entry and Production and distribution of retail energy data critical to market operations and analysis

McKinsey & Company

McKinsey & Company

McKinsey & Company is a global management consulting firm. They are the trusted advisor to the world's leading businesses, governments, and institutions. They work with leading organizations across the private, public and social sectors. Their scale, scope, and knowledge allow people to address problems that no one else can. They have deep functional and industry expertise as well as breadth of geographical reach. People there are passionate about taking on immense challenges that matter to their clients and, often, to the world.

SDS Petroleum Consultants

SDS Petroleum Consultants

In 1999, Scott Stovall founded SDS Petroleum Consultants. SDS began as a one-man operation with a single client in East Texas. Over the years, they have grown their team into more than 550 contract drilling and completion consultants. They are a family owned company. They attribute success to their hard work, their integrity, and team of like-minded individuals who share the same vision and philosophy. SDS provide various services i.e. Project Management, Construction, Completions, safety, Engineering

Wood Mackenzie

Wood Mackenzie

Wood Mackenzie, a Verisk business, is a leading research and consultancy business for the global energy, chemicals, metals and mining industries. Making a difference to their clients with forward-looking, quality research has always been at the heart of their business. Wood Mackenzie started life in 1923 as a small, relatively unknown, Edinburgh-based stockbroker. By the 1970s, they had become one of the top three stockbrokers in the UK, renowned for the quality of its equity research. Their success has always been underpinned by the clear and simple principle of providing trusted research and advice that would make a difference to clients.