June 2019

Low oil prices and the ongoing focus on development and transition to renewable energy make for challenging conditions right now. Combine this with increasing uncertainty arising from so called trade wars between China and the USA, and an undercurrent of global economic uncertainty, and business becomes challenging for global energy players.

But, as with any business in any industry, and as we have heard so many times before, those that take challenges as opportunities are those that will thrive when times are tough.

Take SBM Offshore for example, a company active in the oil and gas industry. By introducing new innovations and streamlining processes to bring solutions to customers faster than ever, the company has continued to deliver positive results, already improving on 2018 and investing in future growth.

LitGrid, the Transmission System Operator of Lithuania, is investing in connections to the grid in Poland, Sweden, and the other Baltic States. Part of the wider European Union initiative to connected the Baltic region to the continental system, these links will be vital when it comes to securing supply in the area.

 Masen, in Morocco, is investing heavily in efforts to harness sun power in North Africa, and is confident, already involved in the Noor Ouarzazate Solar Power Station. As the company looks at innovative new solar projects to continue building its portfolio, it is also investigating wind power projects, helping to further ensure the MWs continue to flow across Morocco.

While these industry leaders continue to perform to world-class standards, it’s not the same for everyone. Get in touch and tell us how your business is coping with the current energy market volatility.