The report discusses the emergence of a new organizational form in the energy and utilities industry, specifically the Projects, Technology & Procurement (PTP) organization. This organization form integrates project management, technology, and procurement functions into a single unit, which can improve performance through better control, cost reduction, and performance leadership. The report also examines the drivers for change and provides case studies from Shell and Statoil, which are leading adopters of this organizational form. The report highlights some of the challenges associated with this organizational model and concludes with key lessons learned.