Emerging Themes in the Oil and Gas Industry in Africa

Running head: MANAGEMENT
Emerging Themes
Name of the Student:
Name of the University:
Author Note:

1MANAGEMENT
Executive Summary:
The report aims at providing an overview on certain emerging themes with respect to the oil and
gas industry. The section A of the report comprised of a vivid description of the four themes with
respect to the African oil and gas industry. The four themes included emerging changes in
society, emerging work environments, emerging technologies and emerging industries and
markets. Section B of the report explains the above mentioned themes in context of the article
and the chosen sector through practical examples. This section also discusses the challenges and
opportunities put forward by each of the themes. There are also justifiable recommendations
mentioned in this section that enables the oil and gas industry in overcoming the challenge and
remain competitive.

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Table of Contents
Section A:........................................................................................................................................3
Emerging Trends With Respect to Oil and Gas Industry in Africa.................................................3
A. Emerging Changes in the Society...............................................................................................3
B. Emerging Work Environment.....................................................................................................4
C. Emerging Technologies..............................................................................................................6
D. Emerging Industries and Market.................................................................................................7
Section B:.......................................................................................................................................10
1. Identification and critical discussion of the emerging themes relevant to the discipline and the
sector as inspired by article............................................................................................................10
2. Implications of the Identified Theme on Future of the Oil and Gas Industry in the next Five to
Ten years........................................................................................................................................13
3. Recommendations Undertaken by the Oil and Gas Industry for Ensuring Existence and
Competitiveness in the Business...................................................................................................14
References:....................................................................................................................................15

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Section A:
Emerging Trends With Respect to Oil and Gas Industry in Africa
A. Emerging Changes in the Society
According to Baffes et al. (2015), the outlook for the Africa’s oil and gas industry has
been quite positive amidst the difficult economic and the operating headwinds. The difficult
economic and the external conditions have put pressure on the oil and the gas companies to be
efficient and cost effective. Most companies have adopted lower cost environment that proved
beneficial in the present scenario of the recovering oil prices.
Christensen (2016) stated that the oil and gas companies of Africa have weathered
downturns and have capitalized on upswings and focused efforts on the newer means of reducing
cost, working and utilizing the newer technologies. Most companies have shifted focus in
restricting the portfolios with the focus on the established regions, lesser exploration and higher
value playing with the lower break even cost and the projects with lower risk and the shorter lead
times. The industry not only renewed its focus on the timing but also the budget of the delivery
projects.
Yusuf et al. (2017) stated some of the social factors that acts as the emerging trend with
the society and leads to an impact on the oil and the gas industry are as follows:
 Increase in the focus and the awareness of friendly fuels along with the decrease in usage
of the dirtier fossil fuels including coal, oil sands and the shale gas.