Category Archives: Industry news

Shell’s consolidation strengthens world’s most valuable oil and gas brand

Shell maintains status as the world’s most valuable Oil & Gas brand with a value of US $36.8bn Strategic divestment and marketing communications help to strengthen brand Brand value growth rates of >40 per cent mean Sinopec and PetroChina could overtake Shell this year Every year, leading valuation and strategy consultancy Brand…

OPEC’s production cuts and climbing oil prices

By: IBISWorld Procurement Research Analyst, Ashley Cruz With oil prices finally on the rise, businesses that rely on petroleum products should be looking ahead to hedge against price growth and volatility Although much of 2016 has been a year of suspense and surprises, there were several late-in-the-game decisions that have…

Decreased spending in Canada’s oil and gas industry could potentially lead to 185k job losses

In 2014, the oil and gas industry spent more than $125 billion on exploration, development and production activities in Canada, supporting more than 720,000 direct and indirect jobs. With an anticipated $31 billion reduction in capital and operational expenditures in 2015, the Canadian economy could lose as many as 185,000…