Managing The New Political Risks In Oil And Gas

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Nazali

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“Nazali is a law firm founded by Ersin Nazali, providing a wide range of legal services (consultancy and litigation in all areas of law) to its national and international clients, through its trustworthy and experienced legal team. There are thirteen partners, forty lawyers, four sworn financial advisors and ten certified public accountants working for Nazali. Our philosophy is quality in delivery, timely response and business minded approach.“
In an era defined by rapid geopolitical shifts, the oil and gas sector faces a transformed landscape compared to our 2020 study. Based on a series of structured interviews...
European Union Energy and Natural Resources
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Expert insights into the new geopolitical dynamics and their implications for the oil and gas sector in 2024.

In an era defined by rapid geopolitical shifts, the oil and gas sector faces a transformed landscape compared to our 2020 study. Based on a series of structured interviews with companies in the sector, this report will provide insights into these geopolitical dynamics and their implications for the oil and gas sector in 2024.

The new geopolitics of energy: redefining industry relationships

  • Consider the impact of new geopolitical fault lines, particularly the impact of the conflict in Ukraine and Western sanctions, on global energy markets.
  • Gain insights into the geopolitical dynamics reshaping industry relationships and the potential long-term effects on oil and gas operations.
  • Understand how ongoing economic recovery challenges, shape the economic landscape of the oil and gas sector.

The conflict in Ukraine has accelerated a division of global energy markets between East and West.

Will there be a populist backlash against climate policy?

The report provides original research on topics of concern to the executives we interviewed. One of these concerns is populism and polarization, which have become entrenched in the political landscape, influencing risks such as climate policy uncertainty.

What will a world of blocs look like?

Another risk concern is how the conflict in Ukraine has accelerated a division of global energy markets between East and West, appearing to indicate a shift from a globalised order to a world of blocs. Scholars from Oxford Analytica's expert network address the question, "What will a world of blocs look like?" covering trade alliances and diplomatic relations, and how industry players can prepare for a future where geopolitical affiliations play a pivotal role in shaping business strategies.

I define the blocs as: Russia, China, and allies; the global south; and the West, said an executive at a European oil major.

Download the full report to access more detailed expert perspectives on managing the new political risks in the oil and gas sector.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Managing The New Political Risks In Oil And Gas

European Union Energy and Natural Resources

Contributor

“Nazali is a law firm founded by Ersin Nazali, providing a wide range of legal services (consultancy and litigation in all areas of law) to its national and international clients, through its trustworthy and experienced legal team. There are thirteen partners, forty lawyers, four sworn financial advisors and ten certified public accountants working for Nazali. Our philosophy is quality in delivery, timely response and business minded approach.“
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