Oil, Gas & Petrochemicals

Oil and gas has been the lifeblood of the modern world for more than a century, fuelling economies and providing benefits to billions of people globally. The industry has traditionally faced several unique challenges:

• Many of the industry’s products such as crude oil, fuels, and various petrochemicals are international commodities with prices determined by global supply and demand. Operators can only impact production and cost to manage margin.
• The number of countries pledging to achieve net zero emissions in the coming decades continues to grow. Renewable energy sources are expected to increase more than fivefold by 2050, which will directly eat into global oil production.
• Given the environmental, personal, and reputational impact, tight control of Health, Safety, Security, and the Environment (HSSE) is needed to avoid risk to the environment and people.
• Developing hydrocarbon assets and processing facilities requires significant capital investment. Once developed, assets need to be managed in a safe and cost-efficient manner to prolong commerciality.

The industry is at a crossroads as the pivot to renewable sources of energy gains significant momentum. These risks are further exacerbated by the geopolitical sensitivities of hydrocarbon production. Volatility is a constant in this industry.

Renoir can help. By harnessing over 25 years of industry-tested knowledge, methodologies and tools, we help our clients overcome these challenges to deliver sustainable results by:

• Eliminating waste through more effective management systems and business processes to ensure cost effectiveness, thereby reducing production losses and optimising costs
• Adopting methods and practices to ensure capital projects are delivered on time and on budget.
• Developing a culture of discipline and structure within management systems that ensure HSSE targets are met and exceeded
• Exploiting digital technologies to support efficient working practices and business processes.

Our work covers the entire hydrocarbon value chain, from the well head to the delivery of products to private and industrial consumers. We support upstream operators (both offshore and onshore), LNG producers, transporters, refiners, petrochemical manufacturers, marketers/retailers and support providers such as drilling and logistics companies.

We assist our clients across a wide range of functions. These include exploration, development, operations, maintenance, turnarounds/shutdowns, construction, procurement and supply chain, logistics, distribution and other support functions such as human resources and finance.

Our success in delivering significant financial and operational benefits is based on ensuring our client’s strategic goals are achieved by working with all levels of the organisation — from senior management to front-line operatives. Our leadership in the sustainability of improvements is attributable to our focus on buy-in, ownership and hands-on implementation of change without increasing risk to HSSE, long-term technical integrity or production.