Why the world's cheapest oil is now its riskiest investment, with Olga Savenkova and Schreiner Parker

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Let’s Talk Energy and examine how, despite being an intensely competitive business, oil and gas is also a team sport. Companies frequently partner with others to gain access to new resources, spread risk and add specialized expertise.

For years, there was a standard playbook for how different types of companies – big Western supermajors or giant national oil companies and everyone in between – would think about who they would partner with, where they would do it and why.

Now that playbook is changing, driven by trends as diverse as rising geopolitical competition, more resilient oil and gas demand, increasing capabilities among national oil companies and demands from public investors that public players turn a tidy profit, even in tough times.

How are the needs and abilities of national oil companies and Western players changing as they evolve?

Is the war in the Middle East shifting the calculus of the region’s national oil companies when it comes to bringing in outside investors or its attractiveness to international players?

Finally, what does this mean for how companies think about pairing up to secure not just the reserves they need but also the ability to produce them?

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