2007 Global Energy Survey

Introduction

As pressures bearing down on the global energy industry reach new heights, leading companies are looking for help from a new source – each other. “There needs to be more cooperation between Western and non-Western companies,” asserts one energy executive who participated in the 2007 Global Energy Survey. “We live in an
interconnected world, we need connected solutions.” The need for greater global collaboration on major challenges, such as exploration and the development of new technology, is one of many insights generated by the survey, which was one facet of research conducted by the
World Energy Council (WEC) and Korn/Ferry International. The findings shed light on the nature of major challenges, areas of controversy and opportunities that leading energy companies already are beginning to pursue. Interviews with the participating executives accompanied the survey and add a qualitative context to the survey results. Select portions of those remarks, which represent a wide cross-section of global, regional and local views, have been included in the shaded “Executive Insights” boxes that follow several of this report’s sections. Those insights are telling. As one survey participant noted in his assessment of the strategic challenges that lie ahead, “Everything is on the table.”

The study aims to add to the debate on the future of energy. To that end, energy executives and key trading partners shared their thoughts and concerns on four important forces influencing the industry: Demand pressures Supply pressures Sustainability and environmental pressures Political pressures

 

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