With expansive and valuable resources, National Oil Companies (NOCs) have been extremely profitable for decades. But with the energy industry undergoing a massive transformation, those days are quickly coming to an end. NOCs must embark on a radical transformation of their own—their very existence depends on it. As they consider their future, NOCs must address two pivotal issues: where to play in the emerging energy ecosystem; and how to win on an expanded stage of world actors. Effectively doing so is key to positioning NOCs to compete and thrive in a dramatically different energy landscape.
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