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Intelligence for energy companies seeking a data-driven approach to cost management

Wood Mackenzie - Ukraine Conflict Supply Chain Impacts

March 17, 2022 at 11:28 AM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Mining

The ongoing Russia-Ukraine conflict has provoked new geopolitical tensions, prompted international sanctions, and disrupted global economies. Amidst growing uncertainty to the trajectory and implications of this conflict, energy firm supply chains face new risks that may impact their costs and disrupt their procurement processes. In this whitepaper, we identify and provide commentary on 3 core themes that bare increased risk as a result of this conflict: Commodity Price Inflation, Sanctioned Supplier Exposure, and Exposure to Impacted Vendors.

 

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Key Global Cost Trends in Mining: December 2021 - December 2022 Forecast

February 2, 2022 at 2:55 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Mining

2022 presents a challenging cost environment for mining operators as inflation in cost inputs pressures operating margins. Meanwhile, the stakes of effective cost management will be high as operators face complex capital allocation decision-making as they re-position for the Energy Transition.

In our January report, we provide global 12-month forecasts for key mining cost categories, including mining loading and hauling equipment, explosives and maintenance services.

Operators leverage these forecasts to enhance their budgeting accuracy and to drive market-based cost reductions.

 

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A Narrowing Opportunity for Mining Supply Chains

July 14, 2020 at 8:37 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Mining

As commodity markets rebound, the window of opportunity for mining operators to drive supply chain savings is narrowing.

In this discussion, we look at:

  • Recent trends in commodity metals pricing
  • How these trends represent a strategic – and narrowing – opportunity for mining operators to capture savings
  • Key components of a strategic roadmap for how mining supply chains can effectively leverage current market conditions to achieve market-based savings and protect against future inflation risk
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What COVID-19 Means for Your Supply of Mining Tires

June 1, 2020 at 4:21 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Mining

In this discussion we look at the building blocks needed to understand supply chain risk across the enterprise and dig deep into the cost structure of mining tires to answer the following questions:

  • What are the drivers behind the rise and fall of mining tire prices in different regions?
  • What are the bottlenecks with your supply of mining tires?
  • What does the future look like for key mining tire suppliers?
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Pricing Projects in the Wake of an Oil Crash: How Midstream Firms Can Stay Competitive in a Down Market

April 10, 2020 at 6:00 PM / by Wood Mackenzie Supply Chain posted in Project Estimation, Cost Reduction, Industry Insights, Oil & Gas

COVID19 Production

 

Amidst the COVID-19 market downturn, midstream projects are under intense scrutiny as executives look to reduce spending in a capital-constrained environment. However, data challenges prevent firms from identifying opportunities to lower cost estimates, resulting in scrapped projects and lost bids.

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COVID-19 Market Report: Managing O&G Supply Chain in the Face of a Market Crisis

April 8, 2020 at 4:20 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Oil & Gas

COVID-19 Should-Cost

 

As the market downturn has forced Oil and Gas operators to diligently scrutinize 2020 budgets, common data challenges are impeding E&P executives from taking swift action. 

In our most recent market report, we examine two questions raised by executives grappling with the current market crisis:

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Highlights from the 2019 Oil & Gas Executive Forum

May 31, 2019 at 2:28 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Oil & Gas

We’re thrilled to share that over sixty industry executives across more than forty firms attended the 4th Annual Oil & Gas Executive Forum on May 22nd at the Petroleum Club of Downtown Houston for our best event yet.

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Higher Oilfield Costs to Continue in 2019

February 1, 2019 at 8:31 AM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Oil & Gas

As the new year begins and E&Ps continue to face pressure to focus on returns, operators remain on the lookout for incisive market data and forecasts that provide greater visibility into potential risks and opportunities. 

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Utility Update: 5 Things to Watch in 2019

January 10, 2019 at 3:45 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Power & Utilities

Utilities are in the thick of an industry transformation driven by technological and competitive forces. 2019 shows no signs of slowing down. We have highlighted 5 key trends to stay ahead of in the coming year, so utilities can continue to position themselves for success.

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Wood Mackenzie Upstream Digitalization Report

November 20, 2018 at 4:29 PM / by Wood Mackenzie Supply Chain posted in Cost Reduction, Industry Insights, Oil & Gas

WoodMac Report Hubspot Image

With cost volatility and a need to continue adapting to an evolving industry, Oil & Gas firms have increasingly turned to innovations such as "digitalizaton" as solutions, with many industry leaders citing it as a top of mind focus in 2018 and beyond. But what is digitalization, and how can firms think about leveraging it effectively to drive greater cost competitiveness and overall higher EBITDA?

To help answer these questions, PowerAdvocate's sister company Wood Mackenzie recently published a report outlining the digitalization landscape in Oil & Gas, including a case study of how one operator drove >$1B in savings and a 25% reduction in third party costs through digitalization and big data from PowerAdvocate.

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