Emerging Trends in the Oil and Gas Industry

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Emerging Trends
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Emerging Trends
Table of Contents
Introduction......................................................................................................................................3
Summary..........................................................................................................................................3
Emerging societies.......................................................................................................................4
Emerging work and environment................................................................................................4
References......................................................................................................................................12

Emerging Trends
Introduction
Changes, up-gradation and the amendments that are brought in or are meant to occur can be
considered as the emerging trends. These emerging trends are held liable for influencing the
business environment (Finer et al., 2015). Emerging trends are varied in nature and have various
impacts on the various aspects of business environment and the business corporations. Every
business organization is expected to execute a detailed analysis of the trends that will stimulate
the operations and functionalities of the firm. The presented case scenario is focused on the
emerging trends in the Oil & Gas Industry. The report is bifurcated in various segments
describing the emerging trends in the Oil & Gas industry.
Oil and gas sector is a huge contributor in improving and stabling the economic
conditions of a number of national economies and hence it has a great significance to the global
community. Majorly the report will be focused on the future of oil and gas industry and also the
challenges that it is facing. Although the oil and gas sector is counted as the top source of energy
for decades to come. But there are various elements that are stimulating and making the future of
oil and gas industry delicate, the factors are future demand, climate change, the cost of project
development, governance and deteriorating community-level relationships. The prime objective
of the below-presented report is critically analyzing and evaluating the emerging trends in oil and
gas industry.
Summary
Business strategies are the plans and tactics that are utilized by the business organizations for
tackling and dealing the various aspects and variants within the business environment (Graham,

Emerging Trends
2017). Strategies play an empirical role in any of the business corporations and the same is with
the oil and gas sector. Developing strategy is a crucial task and the same should be done with the
greater level of effectiveness and efficiency. There is the varied range of variable that is
considered as liable for stimulating the current business strategies:
Emerging societies
Society forms a great part for any of the business organization as it comprises of the customers,
the clients, suppliers, vendors, and all other stakeholders. The business entity is required to
develop and plan strategies after considering all of the above-mentioned variables of the society.
As given in the present case study emerging society are considered as very much liable for
influencing the current business strategies in the business environment of the oil and gas sector.
Oil and gas sector is considered as one of the greatest threat to human beings as it is one of the
biggest contributors of in increasing the level of pollution (Kelland, 2014). The societies are now
more aware of and hence it has become more difficult for the oil and gas industries to operate the
business. The This can be demonstrated more precisely by making use of a given scenario. The
shale blast in the United States and the Paris atmosphere agrees, be that as it may, have changed
the business' viewpoint for the fate of oil and gas. With the prospect that real economies like the
US, China, and Europe will effectively endeavor to move far from oil when the expenses for
creating oil from shale and different sorts of source shake and in addition from customary
sources is declining through mechanical advancement, makers are coming to understand that oil
under the ground may some time or another be less important than oil delivered and sold in the
coming years.