Energy companies are expected to spend nearly $7 billion more on consulting in 2011 than 2008

Energy companies are expected to spend nearly $7 billion more on consulting in  2011 than 2008, according to Kennedy Consulting Research and Advisory .

The energy consulting market is forecast to increase at a CAGR of 8.3% through  2011, the growth of which will outpace that of the overall global consulting marketplace. The needs for consulting within the energy industry are both significant and varied. The most forcible trends currently impacting the industry include: business model alignment, determination of future energy mix, acceleration of major capital projects and “run for the resources.”

Tags: Consulting, Energy