From control room operators, to chief information securityofficers, to rig managers on drill sites, gas and oil industryexecutives are making decisions that will impact all areas of theindustry, taking risks in exchange for the possibility of a greaterreward. Success in the industry is dependent on compliance with newregulations, keeping up with technological advances, handlingthreats and embracing opportunities that are continually present inthe oil and gas industry.

A study Booz Allen Hamilton, a management consulting firm, haspartnered with its clients in the gas and oil industry to examinethe short and long-term trends for the industry, identifying sixkey trends that could impact the oil and gas business sector.

“It is striking to see how regulation, the cyber threatenvironment and internal challenges are converging to shape thepath forward,” said Emile Trombetti, senior vice president of BoozAllen. “It is critical that industry leaders consider howthese trends provide challenges and opportunities for theirorganizations that can ultimately help them better prioritize andmeet their strategic and business goals.”