FRIENDS OR FOES?

摘要

The changing role of NOCs means IOCs must leverage their expertise to access new reserves. The role and influence of national oil companies (NOCs) is rapidly transforming along with the relationships they are forming among themselves and with international oil companies (IOCs). The days of NOCs focusing exclusively on domestic activities are over. The new approach is a globalized strategy focused on international expansion, technology exchange, and industry engagement. This has created major link-ups between XOCs and IOCs in the form of strategic partnerships, alliances, and areas of mutual cooperation down all avenues of the energy pipeline. Although not all state-owned oil and gas entities are following in the steps of leading energy conglomerates like Petrobras, Statoil, Petronas, and China's CNPC and CNOOC, the trend is catching on - and fast.