Energy and oil

A profitable and sustainable future energy transition

Industries

Impacts and Perspectives of the Energy and Oil Sector

Over the past two decades, financial services in Latin America have been primarily driven by microfinance, which has experienced explosive growth. What began as a small development experiment has become a multi-billion dollar industry facilitating financial inclusion for millions of individuals and businesses. Currently, the region’s 80 largest microfinance institutions are estimated to serve more than four million microenterprises, with an outstanding loan balance of approximately US$4 billion.

The recent arrival of new FinTech companies has transformed this landscape, infusing a new dynamic into a sector that has historically been resistant to innovation. Latin America now stands out as one of the fastest-growing FinTech markets globally.

Demographic conditions and a lack of advanced financial services offer ample opportunities for innovation in the sector. The financial services market in the region is estimated to be worth one trillion dollars annually, underscoring the enormous development potential and the increasing integration of technological solutions in finance.

Growth in Energy and Oil in 2030

70 %

It is the projected demand growth during the period 2023-2030, which will be met by unrefined fuel products.

41 %

It will be the OECD’s oil consumption of the world total in 2030.

3.6 B

Projected value of the global renewable energy market for 2030.

10 Strategic Challenges 2026

1

Virtual construction

The adoption of technologies such as Building Information Modeling (BIM) and Construction Management Software (CMS) is on the rise. BIM, valued at $8 billion, and CMS, which is expected to grow to $24 billion by 2031, help visualize structures before they are built and manage tasks more efficiently, reducing costs and errors.

2

Digital transformation and real-time data

Digitalization is transforming energy production, distribution, and consumption through automation, data analytics, and artificial intelligence. These technologies optimize processes, improve operational efficiency, and enable more informed decisions. Digitalization and automation can revolutionize the energy sector, from power grid management to oil and gas production optimization, creating a system that is more resilient and adaptable to market demands and environmental needs.

3

Modular or prefabricated construction

The growing popularity of electric vehicles (EVs) is transforming the transportation industry and has significant implications for the energy sector. EV sales are projected to increase sevenfold by 2030, signaling a shift toward more sustainable mobility. This poses challenges and opportunities for the oil sector, with a potential decline in demand for fossil fuels and an increase in demand for electricity, requiring strategic adaptation by companies in the sector.

4

Circular Economy and Energy Efficiency

The circular economy reduces waste and encourages the reuse of resources, offering environmental and economic benefits. Energy efficiency is key to minimizing the environmental footprint of energy production and use. Innovative technologies and sustainable practices are essential for a more circular and efficient energy model, contributing to climate change mitigation and long-term operating cost reduction.

5

Geopolitics and Energy Security

Geopolitical tensions have a significant impact on energy supply and prices. Diversifying sources and supply routes is essential to mitigate the risks associated with dependence on a single supplier or route. In addition, strengthening international cooperation and energy diplomacy are key to addressing geopolitical challenges and ensuring a stable and secure global energy supply.

6

Increase in unconventional oil and gas

Unconventional sources of oil and gas, such as tight oil, oil sands, and shale gas, will contribute significantly to global energy supply. By 2030, unconventional sources will provide more than 70% of the growth in global oil supply.

7

Natural gas as a key energy source

Natural gas will be the fastest-growing fossil fuel, with projected annual demand growth of 2%. Liquefied natural gas (LNG) will play a crucial role in meeting this demand, with production expected to grow more than twice as fast as gas consumption. The expansion of LNG infrastructure will support global trade and provide a more flexible and cleaner energy source compared to coal and oil.

8

Low-carbon fuels

The oil and gas industry is investing in technologies to reduce greenhouse gas emissions, such as carbon capture and storage (CCS) and the production of low-emission fuels, such as green hydrogen and biofuels. These solutions enable companies to comply with stricter environmental regulations and strengthen their position in a market that values sustainability.

9

Digital technologies in energy management

Innovation in energy solutions, through emerging technologies such as advanced nuclear energy and alternative fuels, is expanding the options in the energy mix. These advances are crucial for a sustainable energy transition by reducing carbon emissions and diversifying energy sources. Adopting these innovations helps companies diversify their energy sources, improve their sustainability, and reduce their environmental impact.

10

Innovation in energy solutions

Future customers will demand customized products and services that are tailored to their specific needs. Banks will need to use advanced technologies such as artificial intelligence and machine learning to offer personalized services and improve the customer experience, ensuring relevance and value in their offerings.

Our experts

José Luis Gorriti

MBA from ESAN, postgraduate degree in quality management from Osaka, Japan. Consultant specializing in strategic planning and balanced scorecards for business groups in Mexico, Peru, Brazil, Argentina, and Colombia. Former Executive and Board Member at Bayer Industrial Peru.

Jaime Alonso Gómez

Ph.D. in Administrative Sciences and Applied Economics from The Wharton School, University of Pennsylvania, USA. Consultant in Asia, the Americas, and Europe. Former Distinguished Visiting Professor at the following business schools: MIT, Harvard, California, and Austin, Texas.

Luis Cantú González

Bachelor's degree in Business Administration from CEU, Monterrey. Former Executive Director, Director of Administration and Finance, and Director of Control and Information Technologies at Grupo Protexa.

Eduardo Flores Montes

Industrial Engineer with a postgraduate degree in Operations Management from the University of Cologne, Germany. Former General Manager of Sudamericana de Fibras in Brazil; General Manager of Bayer Industrial in Peru; General Manager of Metalúrgica Peruana.

Victor Carrera Torres

M.Sc. in International Business from Georgia State University. M.Sc. in Industrial Engineering from the Georgia Institute of Technology. Former executive at Coca-Cola, USA.

Héctor Díaz Saénz

Specialist in Leadership and Organizational Culture, accredited by Human Synergistics International. Performance Coach for Entrepreneurs. Ph.D. in Organizational Communication (with a specialization in Leadership and Organizational Culture), from the University of Texas at Austin.

Boris Dimitrijevic

Marketing consultant specializing in various business groups in Latin America. Former Marketing Manager at Coca-Cola Peru. Ph.D. in International Business and Marketing from the Polytechnic University of Catalonia.

Roberto Martínez Elizondo

Former executive in Organizational Development and Human Resources at companies such as Grupo Protexa, Aceromex, and Grupo Multimedios, among others. Holds a Bachelor's degree in Psychology, a Master's degree in Organizational Development, and a specialization in Family Business Management from the University of Monterrey (UDEM).

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