Top TSR leaders excelled in cost management, being 35% more likely to achieve savings through proactive, strategic reduction programs. This approach enhanced earnings, improved performance, and built portfolio resilience, resulting in significantly greater margin expansion compared to peers. For example, top-performing integrated O&G companies used strategic cost reduction programs to drive margin expansion and maintain cost competitiveness through cycles. This systematic focus on cost management enabled them to outperform and sustain high TSR. Know more about it: https://lnkd.in/er22VczH
BCG on Energy
Business Consulting and Services
Boston, MA 53,489 followers
Unlocking solutions for uncertain times in Energy. Explore our latest insights and thought leadership.
About us
Improving performance, tapping into new opportunities, and managing the energy transition are critical for companies operating across the Energy industry. At BCG, we provide the expertise and capabilities needed to transform organizations during times of rapid change. The capacity to adapt strategies, embrace new digital business models, understand new low emission pathways, and move fast is a prerequisite for tomorrow’s energy leaders.
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BCG on Energy reposted this
Great nuance on the challenges and opportunities in hydrogen from Kim Hedegaard at Topsoe speaking to my colleague Mogens Holm. With hydrogen at a very difficult moment, how do we move forward?
Hydrogen: Big potential, big challenges "Hydrogen has massive potential—but making it happen needs smarter strategies." —Kim S. Hedegaard, CEO of Power-to-X at Topsoe. In a chat with Mogens Holm from BCG, three big roadblocks came up: 1️⃣ Getting infrastructure ready. 2️⃣ Securing viable offtake deals. 3️⃣ Reducing the risk for investors. Topsoe’s tackling this through partnerships—teaming up across sectors to find real solutions. The takeaway? Hydrogen won’t work if we’re all stuck in silos. What’s the biggest challenge you see in getting hydrogen off the ground?
Hydrogen: Big potential, big challenges
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🌍 Tackling climate change requires innovation—and cross-border shipping is stepping up. In the carbon capture and sequestration journey, shipping is emerging as a game-changer. Did you know? Transporting CO2 via ship is more cost-effective than pipelines for distances over 500 km or volumes under 5 MtPA. Countries in APAC, including Australia, Japan, and South Korea, are already establishing partnerships to make this happen. By 2050, these efforts could see the deployment of 150 vessels for CO2 transport across the region. Coordinating technical standards, ensuring long-term contracts, and aligning regulations are critical next steps. The future of decarbonization is interconnected—let’s bridge the gaps together! https://lnkd.in/gy54xqrS #CarbonCapture #Shipping #ClimateAction #Decarbonization
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AI is a game-changer for the energy industry, offering tools to streamline operations, reduce costs, and accelerate the energy transition. But here’s the challenge: to fully realize AI’s potential, energy companies must embrace agility as their guiding principle. This means breaking down silos, fostering a culture of innovation, and prioritizing people and processes over technology alone. The path forward isn’t just about adopting AI—it’s about reshaping the way we think and work to create sustainable, transformative impact. How is your organization building agility for the AI era? https://lnkd.in/g6jsYSqF #OilAndGas #AIinEnergy #DigitalTransformation
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🌊 The ocean, our planet’s largest carbon sink, absorbs over 10 Gt of CO₂ annually, yet its potential remains largely underutilized. Closed-system Marine Carbon Dioxide Removal (MCDR) could change this by offering permanent CO₂ storage, reducing ocean acidification, and generating valuable by-products like hydrogen. While these solutions integrate well with existing coastal infrastructure, they require clear regulations, robust monitoring frameworks and cost reductions to scale effectively. The recent COP29 agreements signal a promising step forward—but much work remains. Is the ocean the key to closing the global carbon removal gap? Explore the possibilities in our full report: https://lnkd.in/gnskuYFx Thank you to our authors: Andrea Siri, Jasmina Hodžić, Pietro Romanin, Karan Mistry, PhD, Alex Dewar, Ferrante B., Katherine Phillips, Amy Sims & Habib Azarabadi.
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A new article from Reuters exploring the diverging challenges faced by hydrogen investors in the EU and US. Great to see BCG's Thomas Baker’s insights featured, shedding light on critical strategies for navigating this evolving space. Tom’s contributions reflect the innovative thinking needed to tackle the complexities of the global energy transition. https://lnkd.in/dx5A_pMV Take a look to learn more about the opportunities and hurdles shaping the future of hydrogen investment. #Hydrogen #EnergyTransition #Innovation #Sustainability
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Act Now or Pay Later: The Business Case for Bold Climate Action ⏰ The cost of delaying climate action is staggering, but the rewards of acting decisively are even greater. Boston Consulting Group (BCG) latest report with the World Economic Forum investigates how leaders can integrate climate risk management into their corporate strategy. To seize this moment, CEO's should focus on three priorities: 1️⃣ Risk Assessment: Identify climate risks and opportunities across physical and transition dimensions. 2️⃣ Adaptation and Decarbonization: Build resilient systems, decarbonize operations, and future-proof business strategies. 3️⃣ Governance and Monitoring: Strengthen governance frameworks, integrate risk management into daily operations, and ensure transparent reporting. Learn more about how leaders can safeguard the future and unlock the financial rewards of climate leadership: https://lnkd.in/ehpMPrnk
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INVERTO | A BCG Company 2024 ‘CAPEX Procurement in Energy’ study has arrived! We surveyed over 350 energy sector leaders to highlight the top challenges, performance metrics, and strategies shaping effective CAPEX procurement. Interested in the key insights? Here’s what you’ll find: 👉 Major challenges and risks affecting CAPEX procurement 👉 Benchmark metrics to assess procurement performance 👉 Strategies to build resilient procurement in a changing energy landscape Get our expert recommendations and download the full report for actionable insights. 👇 🔗 https://lnkd.in/gC4vEHYC #CAPEXProcurement #EnergyProcurement #ProcurementExcellence #EnergySector #EnergyTransition
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🚢 The shipping industry is poised to play a critical role in decarbonization efforts, especially in hard-to-abate sectors. A recent report by Boston Consulting Group (BCG) and the Global Centre for Maritime Decarbonisation (GCMD) highlights how cross-border shipping of captured CO2 can complement pipelines in the carbon capture, utilization, and sequestration (CCUS) value chain. Shipping offers a cost-effective solution, particularly in APAC, where emitters are often separated from sequestration sites by vast oceans. Key stats: 1️⃣ By 2050, 170 MtPA of CO2 could be shipped globally, requiring $30 billion in investments. 2️⃣ APAC alone could account for 100 MtPA by sea. This collaboration between the public and private sectors is vital to unlocking the full potential of CCUS. Learn how innovative partnerships and clear regulations can make this a reality. https://lnkd.in/gy54xqrS By Dr Sanjay C Kuttan, Eng Kiong Koh, Carl Clayton, Dave Sivaprasad, Anand Veeraraghavan, Sanjaya Mohottala, and Calvin Khaing #CarbonCapture #Shipping #ClimateAction #Decarbonization