In a business environment where change has become commonplace, few industries have seen more of it recently than the global energy and natural resources businesses.

Few decades ago, the electricity and gas industry was one of the most heavily regulated in the world. Nowadays, markets and submarkets became very competitive and seem financial markets in terms of sophistication.

In the oil industry, where it is a capital and labor intensive industry, uncertainty became the norm due to the tough competition throughout the energy value chain.