{"id":461,"date":"2014-02-05T10:23:52","date_gmt":"2014-02-05T10:23:52","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=461"},"modified":"2015-11-02T14:13:06","modified_gmt":"2015-11-02T14:13:06","slug":"pwc-existing-energy-companies-must-become-agile-to-withstand-new-competition","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/pwc-existing-energy-companies-must-become-agile-to-withstand-new-competition\/","title":{"rendered":"PWC – Existing energy companies must become agile to withstand new competition"},"content":{"rendered":"

With growing interest and investment from India, China and international oil companies operating in Africa, there has been increased competition for exploration acreage in recent years. As some of the traditional multinationals divest from areas in Africa, opportunities for new independents will emerge, causing the trading mix and diversity of the companies trading in Africa to change.<\/p>\n

This will cause established energy companies to become more agile in order to respond to greater competition and emerging trends.<\/p>\n

African nations and consumers are starting to focus more and more on securing adequate supplies of crude oil and liquid fuels to satisfy growing local demand.<\/p>\n

The pressure on governments will cause changes to pricing structures and regulatory frameworks as some countries move to a more deregulated trading environment. Other countries are enacting regulations to increase tax revenue and foreign exchange inflows.<\/p>\n

Although this may be achieved in the short term, there is a possibility that such measures will cause a decrease in investment with long-term implications.<\/p>\n

Apart from Mozambique joining Egypt, Nigeria Libya, Algeria and Angola as major upstream power houses in Africa, it unlikely that Ghana or the other East African countries will disturb the equilibrium that has existed in Africa for the last two decades.<\/p>\n

Exploration and refining capacity in Africa will continue to increase, in contrast to what is happening in the developing world, as countries strive to have a greater security of supply and increase export earnings from the sale of refined products.<\/p>\n

At the same time, uncertain regulatory frameworks, political intervention and the nationalisation of resources will be key issues that will affect the oil and gas industry in the coming years.<\/p>\n

Read full PwC Report here<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

With growing interest and investment from India, China and international oil companies operating in Africa, there has been increased competition for exploration acreage in recent years. As some of the … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":331,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[121,160,497,671,709,742,997,1098,1574,1636,1695,1751,2109,2130],"class_list":["post-461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-algeria","tag-angola","tag-competition","tag-east-africa","tag-egypt","tag-energy","tag-ghana","tag-hydrocarbon-exploration","tag-mining","tag-mozambique","tag-nationalisation","tag-nigeria-libya","tag-pwc","tag-refining","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/1-songo-songo.jpg?fit=400%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-7r","jetpack-related-posts":[{"id":2558,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oil-gas-explorers-need-rethink-capex-exploration-activity-africa-pwc\/","url_meta":{"origin":461,"position":0},"title":"Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC","author":"","date":"February 17, 2015","format":false,"excerpt":"Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industry in Africa released by PwC today. The analysis goes ahead to say\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/human-rights.jpg?fit=668%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/human-rights.jpg?fit=668%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/04\/human-rights.jpg?fit=668%2C444&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6468,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africas-oil-gas-industry-needs-innovate-embrace-technology-to-remain-competitive\/","url_meta":{"origin":461,"position":1},"title":"Africa\u2019s Oil & Gas Industry Needs To Innovate & Embrace Technology To Remain Competitive","author":"","date":"November 1, 2017","format":false,"excerpt":"The time is opportune for oil & gas companies to take up and utilise advances in technology as an enabler in meeting some of the challenges faced The oil & gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/01\/oil_sudan.jpg?fit=750%2C499&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3213,"url":"https:\/\/www.oilnewskenya.com\/index.php\/african-oil-gas-organisations-plan-upturn-oil-price-pwc-survey\/","url_meta":{"origin":461,"position":2},"title":"African oil & gas organisations plan for an upturn in the oil price: PwC survey","author":"","date":"August 5, 2015","format":false,"excerpt":"Overall, activity in the oil & gas industry across the African continent has slowed in the wake of the declining oil price in late 2014. \u201cWhile the oil price has caused activity to drop, it has also served as a wake-up call to many African governments, which are working hard\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/offshore-rig.jpg?fit=1024%2C574&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/offshore-rig.jpg?fit=1024%2C574&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/offshore-rig.jpg?fit=1024%2C574&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/02\/offshore-rig.jpg?fit=1024%2C574&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":7226,"url":"https:\/\/www.oilnewskenya.com\/index.php\/outlook-africas-oil-gas-industry-improves-pwc-report\/","url_meta":{"origin":461,"position":3},"title":"Outlook for Africa\u2019s oil & gas industry improves \u2013 PwC report","author":"","date":"November 6, 2018","format":false,"excerpt":"The outlook for Africa\u2019s oil & gas industry is positive amid difficult operating and economic headwinds. 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