January 20, 2021
Can you reshape as fast as the future does? | While the world moves to decarbonize, oil and gas companies are hampered by cumbersome legacy systems
The current oil and gas price environment — and the prospect of reduced or flat demand throughout 2020 and beyond — is forcing companies to rapidly adjust their cost structures. For the foreseeable future, being able to do more with less is a requirement for survival.
However, even with the energy transition looming, continued oil and gas development will be necessary in the short term (and probably medium term) to keep powering the world. An EY article provides details.