http://www.interimpartners.com/blog/energy-and-utilities-interims.html Encouraging debate and discussion within the interim management sector Thu, 11 Mar 2010 09:10:38 +0000 http://wordpress.org/?v=2.5.1 http://www.interimpartners.com/blog/energy-and-utilities-interims.html#comment-121 Duncan Hoggett Wed, 11 Mar 2009 14:21:26 +0000 http://www.interimpartners.com/blog/?p=24#comment-121 March 2009 already - the year is well underway. Clients within the energy and utilities sector are faced with the same challenges as any other sector. Transforming their businesses whilst reducing costs. There are a number of programmes that have been mothballed or resourced internally, however it remains clear, clients would benefit from the expertise of seasoned interim managers. The second quarter of 2009 will see many clients address these issues and come to the interim market. March 2009 already - the year is well underway. Clients within the energy and utilities sector are faced with the same challenges as any other sector. Transforming their businesses whilst reducing costs. There are a number of programmes that have been mothballed or resourced internally, however it remains clear, clients would benefit from the expertise of seasoned interim managers. The second quarter of 2009 will see many clients address these issues and come to the interim market.

]]> http://www.interimpartners.com/blog/energy-and-utilities-interims.html#comment-70 Colin Anderson Mon, 26 Jan 2009 15:00:23 +0000 http://www.interimpartners.com/blog/?p=24#comment-70 Some new projects will inevitably be postponed; however those who have already had funds committed to them will be seeking help to slim costs and tighten schedules. We should see projects being defined at the expense of extended planning time to allow fixed price contracts rather than cost reimbursable Upstream organisational reviews will be brought forward. Typically for the older fields new emphasis will be given to reducing manning costs, we have had some success in flattening operational organisations with very worthwhile lifting cost savings, and that should prove again to be of interest to clients. Some new projects will inevitably be postponed; however those who have already had funds committed to them will be seeking help to slim costs and tighten schedules. We should see projects being defined at the expense of extended planning time to allow fixed price contracts rather than cost reimbursable
Upstream organisational reviews will be brought forward. Typically for the older fields new emphasis will be given to reducing manning costs, we have had some success in flattening operational organisations with very worthwhile lifting cost savings, and that should prove again to be of interest to clients.

]]> http://www.interimpartners.com/blog/energy-and-utilities-interims.html#comment-68 Nick Fisk Mon, 26 Jan 2009 12:55:25 +0000 http://www.interimpartners.com/blog/?p=24#comment-68 Duncan. I tend to agree with you that utilities will not suffer as much as other sectors. However in terms of interim opportunities I think most of the larger utility players have already taken the benefits of ERP implementations and are keen to sweat the asset. Also most of the key players are entrenched in their UK holdings, so I don't anticipate any M & A work. Therefore new work is more likely to emerge in the growth areas such as renewables and nuclear as you say. Duncan. I tend to agree with you that utilities will not suffer as much as other sectors. However in terms of interim opportunities I think most of the larger utility players have already taken the benefits of ERP implementations and are keen to sweat the asset. Also most of the key players are entrenched in their UK holdings, so I don’t anticipate any M & A work. Therefore new work is more likely to emerge in the growth areas such as renewables and nuclear as you say.

]]> http://www.interimpartners.com/blog/energy-and-utilities-interims.html#comment-52 Alan Reynolds Thu, 22 Jan 2009 15:44:00 +0000 http://www.interimpartners.com/blog/?p=24#comment-52 The stock market would appear to share Duncan's view as Utilities stocks generally have held up reasonably well in the present bear market. As well as the opportunities in business change and the other areas mentioned it will be interesting to see if the level of investment in people is maintained as training budgets tend to be early victims of financial pressure. It would be an ideal time for companies to signal their intent by upskilling their people to meet the demands of restructuring and remodelling. The stock market would appear to share Duncan’s view as Utilities stocks generally have held up reasonably well in the present bear market. As well as the opportunities in business change and the other areas mentioned it will be interesting to see if the level of investment in people is maintained as training budgets tend to be early victims of financial pressure. It would be an ideal time for companies to signal their intent by upskilling their people to meet the demands of restructuring and remodelling.

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